10/04/2018
CBK receives binding offer for Imperial Bank takeover from KCB
Imperial Bank Limited was placed under receivership in October 2015 with KDIC assuming control of the assets, liabilities, business and affairs of the bank.
Retail Banking
10/04/2018
KCB commits to take over Imperial Bank
CBK and KDIC did not however reveal details of the offer
10/01/2018
Access Bank CEO lists gains of technology in banking
Africa is experiencing a massive growth in wider access to and adoption of technology, especially in improving businesses processes and lifestyle as well as optimum use of resources.
10/01/2018
SA Institutions back Dutch class action against Steinhoff
They are informing their clients that they have concluded that the ‘class action’ case being run in the Netherlands by the Dutch law firm BarentsKrans, is their preferred legal route.
10/01/2018
Nowhere to hide dirty money as Big Brother steps up bank surveillance
A document seen by the Sunday Standard gives a glimpse into just how deep the operation has gone, in what has seen commercial banks set up huge departments to cope with the increasing demands.
10/01/2018
How Coronation Merchant Bank is contributing to Nigeria’s investment banking renaissance
After a damaging recession in 2016, Nigeria’s investment banks have bounced back with renewed vigour, as new regulations and technology continue to create fresh opportunities
10/01/2018
VBS depositors want Nedbank kicked out
This was after it emerged that the bank’s executives and influential public and political figures looted the bank of millions through a complex spree that included massive loans to friends and relatives.
09/30/2018
Morocco's BMCE Bank posts 12.7% fall in first-half net profit
Bad loans increased 4.2 percent to 7.9 billion dirhams in the first half
09/30/2018
Access Bank and Microsoft partner to improve banking security in Africa
This was announced at a meeting between the Bank’s Group Managing Director, Herbert Wigwe and Microsoft Chief Executive Officer, Satya Nadella in Seattle, United States of America on Thursday, September 27, 2018.
09/30/2018
Diamond Bank boss calls for enlightenment to boost trust in e-payment
For instance, in Nigeria, the Nigeria Interbank Settlement System (NIBSS) recently launched the Mcash, a USSD product that can be used on any platform.
09/27/2018
Capitec Bank H1 Profit Surges On Upbeat Client Growth
The lender is also among bidders for Mercantile Bank
09/27/2018
Lenders give Steinhoff’s Jooste more time to pay his debts
Lenders have given the ex-CEO until March 31, 2019 to repay the R959 million he owes.
09/26/2018
BPCE in talks with Morocco's BCP to sell African banks
BPCE aims to sell in Cameroon, Madagascar, Tunisia, Congo
09/26/2018
Banks leading Rwanda’s equities market growth
There is renewed investor sentiment about the Rwanda economy
09/21/2018
Morocco’s Attijariwafa Bank first half net profit up 6.35 pct
Net operating income increased 6 percent to 6.05 billion dirhams while total assets grew 4 percent to 490.4 billion dirhams.
09/19/2018
New Silk Road Finance Awards 2018 Middle East & Africa
Agricultural Bank of China
09/18/2018
Sasfin’s impairment charges double
Group CEO Michael Sassoon suspects fraud by borrowers is partly responsible as company headline earnings plummet 37%
09/18/2018
African Development Bank: The status quo must change.” - Adesina tells FinDev Canada conference in Montreal
Launched six months ago, FinDev’s mandate is to support the growth and sustainability of businesses in developing markets
09/18/2018
AfDB, Mauritius Commercial Bank launch African Domestic Bond Fund
“The fund listing on the Stock Exchange of Mauritius brings to investors the opportunity to access African government bonds conveniently,” he added.
09/17/2018
Omnibank And Sahel Sahara Bank To Merge
By this arrangement, the banks have since signed a Heads of Terms (“Memorandum of Understanding”) to govern their intention to merge and commenced the process to meet all requirements for final BOG approval.