07/09/2019
Race against time for banks as CBK deadline beckons
Some of the old generation Sh1,000 notes being dispensed are new, with consecutive serial numbers, suggesting that they are being dispensed for the first time.
Retail Banking
07/09/2019
Afreximbank announces $1B adjustment facility, other AfCFTA support measures
He added that, as part of its support for the implementation of the AfCFTA, the Bank had provided support to aid the work being done by the African Regional Standards Organisation and the AU in implementing the Agreement.
07/09/2019
CBN New LDR Policy To Hurt Treasury Market
According to the apex bank, DMBs that failed to comply with this regulatory requirement will be ‘fined to the tune of a Cash Reserve Requirement equivalent to half of the shortfall of the new LDR target.’
07/08/2019
Banks must rethink business models to remain relevant
Africa’s retail banking markets are ripe with potential and present huge opportunities for innovation and further growth, as per a February 2018 report by McKinsey titled Roaring to life: Growth and Innovation in African retail Banking.
07/08/2019
A big chunk of African bank might go up for sale and buyers are plentiful
The SA Reserve Bank recently announced it might sell its 50% shareholding in African Bank in the next year or two
07/08/2019
Kenya diaspora remittances top in East Africa
The year-on-year growth in Kenyan remittances between 2017 and 2018 was 39 percent.
07/08/2019
Equity Bank named most socially responsible bank in Africa
The programs are across five thematic areas that include education and leadership development
07/08/2019
Top 10 biggest companies in the Middle East & Africa
Business Chief looks at the top 10 biggest companies in the Middle East & Africa, according to their revenue and reputation as an employer.
07/05/2019
African Development Bank to meet Nigerian businesses leaders next week ahead of African Investment Forum
The Abuja roadshow targets chief executive officers, captains of industry, State governments and other key players that will re-affirm Nigeria’s investment-ready status.
07/05/2019
Absa concludes $500 million loan
Absa also reported potential retrenchments at its retail and business banking unit as part of a planned restructuring.
07/05/2019
World Bank warns Kenya on risk of expensive loans
"If a country wants to avoid a debt crisis, you need to make sure that the cost of borrowing is lower than the return on investment."
07/05/2019
AU Summit: President Adesina to lead African Development Bank’s delegation, Continental Free Trade Area talks to top summit agenda
The Bank will also participate in the meetings of the 37th NEPAD Heads of state and Government Orientation Committee
07/04/2019
Barclays Nigeria Rebrands, Now Absa
Part of the Absa Group's separation agreement with Barclays Plc was to "remove the Barclays brand from all assets by mid-2020 at the latest.
07/03/2019
FirstBank Promotes Career Development For Staff
The primary reason we have embarked on this programme, is because of long term sustainable development of our internal talents” he concluded.
07/03/2019
Access Bank plans more funding for creative industry
Okoli said Access Bank was committed to making the CIFI a huge success.
07/03/2019
Afreximbank shareholders to earn $69million
In his report to the AGM, Benedict Oramah, the president of Afreximbank, said the Bank’s total revenues rose by 24% in 2018 to reach $806 million while the net income increased to $276 million, representing a 26% increase on the level in 2017.
07/02/2019
These are the 15 largest banks in Africa for 2019
South Africa, Egypt, and Morocco banks feature prominently among the largest banks in Africa.
07/02/2019
South Africa’s banks tank in global ranking
Of the top 10 African banks by Tier 1 capital, South Africa’s Standard Bank retains the top spot in the 2019 rankings with $9.8 billion.
07/02/2019
Guardian feted as best lender in Kenya
The Chandaria family, which has extensive investments in paper manufacturing, petroleum, real estate and banking, founded Guardian Bank in 1992.
07/02/2019
Barclays Bank woos small businesses with targeted training
“We are in discussion with large businesses that rely on low-end SMEs for goods and services where our sole intention is to support the low-end businesses with loans to improve their processes via purchase of equipment to fulfil contracts awarded to