12/17/2018
Acquisition of Diamond Bank by Access Bank sealed, awaiting regulatory approval
In a similar development, Business Insider Sub-Saharan Africa reported last month that the two commercial banks are in talks over merger and acquisition deal.
Retail Banking
12/17/2018
Bank of Ghana Raises No Objection To First Atlantic, Energy Commercial Bank Merger Talks
The two banks are entering into this “marriage” after Energy Commercial Bank failed to raise the targeted amount of ¢ 340 million to help meet the new minimum capital requirement of ¢400 million.
12/14/2018
Bank gives quarterly grant to customers
The system runs through all our customer’s accounts nationwide and picks randomly.
12/13/2018
African Bank rises from the ashes
The number of depositors has trebled in two years and transactional banking is now on the horizon
12/13/2018
Rwanda banks report mixed results in 2018
According to the results, almost half of the commercial banks’ profits were generated by Bank of Kigali
12/13/2018
Why Capitec won’t get Smart ID services in its branches
Once the smart ID or passport is ready, you collect it through the same bank branch.
12/13/2018
TDB rolls out SME programme for women-led businesses in six African countries
Among the first to benefit are Ethiopian businesses, following an agreement between TDB and Ethiopia’s Enat Bank.
12/12/2018
Standard Bank rewards customers with free access to VIP Airport lounges
Through the Lounge Key programme, Standard Bank customers can enjoy access to 850 VIP lounges in Dubai, Europe, Across Africa, and many others across the world.
12/12/2018
S. Africa Lender FirstRand Aims to Offer Services Such as Insurance
These include connecting home buyers and sellers, house valuations, tracking an investment portfolio or linking its business clients to consumers.
12/11/2018
Zenith Bank launches POS payments without cards
Zenith Bank’s *966# Eazy Banking on POS will further drive financial inclusion through agency banking.
12/11/2018
These banks can now do business with Ekiti MDAs
The statement added that the government took the decision after a careful review of the developments that led to the purported embargo by the immediate past administration.
12/11/2018
Seven Limpopo mayors fired for their roles in VBS Bank collapse
The long arm of the law has grabbed a whole host of VBS bank looters by the scruffs of their necks. The Limpopo PEC are giving the boot to seven local mayors.
12/10/2018
Kenyatta Family to Co-Own Kenya's Third Largest Bank in Proposed CBA-NIC Bank Merger
The entity created as a result of the merger will have Sh444.3 billion in total assets, edging out Cooperative Bank of Kenya, which will be pushed to the fourth position.
12/10/2018
8 banks pleads guilty over NYS 2 scandal
The Banks include Standard Chartered Bank, Equity Group, KCB Group, Co-operative Bank of Kenya Ltd, and Diamond Trust Bank.
12/09/2018
Europe’s Future Lies in the South and not the North, says Italian Finance Minister at Africa Conference
He was a speaking in Rome at a conference on Africa, challenges and opportunities: Italy and the African Development Bank.
12/09/2018
Banque du Caire to open branches in Tanzania, Kenya, Russia, China
The bank mulls also opening offices in Russia and China to finance the trade and investment operations, he asserted, noting that it also finalized getting license to open another office in Dubai.
12/09/2018
Commercial Bank Of Ethiopia Struggles To Make Profit In Djibouti
CBE Djibouti Branch has 17 staff and rented a house in a business district in Djibouti. Reports show that CBE, which used to own several buildings in Djibouti before it was closed eight years ago, was one of the profitable banks in Djibouti.
12/07/2018
NIC Bank, Commercial Bank of Africa announce merger talks
Commercial Bank of Africa (CBA) is majority-owned by the Kenyatta family while the Nairobi Securities Exchange- listed NIC Group is partly owned by the billionaire businessman James Ndegwa’s family.
12/07/2018
Bank Windhoek becomes first commercial lender in southern Africa to issue green bond
Bank Windhoek is a unit of the Capricorn Group, an investment holding company with interests in banking, insurance and asset management in Namibia, Botswana and Zambia.
12/07/2018
Bidvest Bank launches new account in retail banking push
Bidvest Bank has offered transactional services before, but has mainly been a banking platform for businesses.