03/01/2017
Agency Banking - Stanbic to Hire 1000 Agents
To Stanbic and the entire financial sector, agency banking will cut the cost of doing business which will improve performance and pave way for gains in terms of new jobs and other benefits
Retail Banking
03/01/2017
Zenith Bank to raise N100bn capital, propose N2.02 final dividend
The profit was 22.7 per cent higher than N105.7 billion made in the same period of 2015
03/01/2017
FG Appoints Board of Directors, Management Team for Development Bank of Nigeria, DBN
The DBN will make fund accessible to development banks who will in turn provide loans to MSMEs at low interest rates.
03/01/2017
Absa tries to counter findings
The amount is a combination of the majority of the R1.5-billion loan, which was used to purchase government bonds, and five years of interest calculated at 16%.
02/28/2017
Barclays Africa ‘divorce settlement’ is not a sale deal
The British bank’s sell-down of its majority stake in its African subsidiary is still some way off.
02/28/2017
Morocco’s Attijariwafa bank sets sails towards Ghana
The agreement with GCB Bank seeks to establish cooperation in the area of investment.
02/27/2017
Stanbic rules out layoffs on adoption of digital banking
Our first point is to see where can we redeploy our staff and what else can they be doing?
02/27/2017
Technology, strategic alliances to drive retail business in Africa and Middle East
In many markets bank introduces digital solutions to augment efficiency
02/27/2017
Standard Chartered launches 2017 edition of “Standard Chartered Trophy – Road to Anfield”
This is the sixth year this tournament is being run in Nigeria and will hold in three phases; the local, the regional and finals.
02/27/2017
Tunisia to accelerate reforms as IMF freezes loan
The IMF froze a second tranche worth $350 million scheduled last December because of lack of progress in reforms, including public sector wage bill
02/24/2017
Barclays makes Absa sale official
The terms of the separation payments and transitional services arrangements.
02/24/2017
FBNBank Ghana rolls out unique online banking service
This means signatories do not need to be physically present to authorize online transactions.
02/22/2017
Barclays seals divorce agreement with African subsidiary
Deal will set out terms of split with BAGL and could cost British bank £1bn
02/21/2017
Kenya Central Bank begins fresh vetting for senior bank managers
Both at corporate and national levels in mobilizing and allocation of resources.
02/21/2017
Digital banking will boost financial inclusion
Briefly take us through your new partnership with MTN Rwanda and what it means for the financial industry?
02/20/2017
AfDB approves $28.2m funding to support housing in Africa
The announcement comes shortly after the Bank injected an equity investment of US $8.2 million in Shelter Afrique.
02/20/2017
AfDB undertakes mission to The Gambia for dialogue and portfolio review
The Gambia’s portfolio performance is satisfactory.
02/19/2017
Ithmar Capital Partners with Ghana’s Sovereign Wealth Fund
The two investment funds should collaborate in the research and dissemination of best practices, and provide guidance for strengthening the capacity of the two countries
02/17/2017
Banks to rival M-Pesa, lower transaction fees
The platform supports transfers through mobile and internet banking, ATMs, branches and agency banking.
02/15/2017
Afreximbank and Ecobank Agree on African Trade and Investment Promotion Including US$500 Million Programme
The two institutions will also explore other cooperation in financing trade operations in the form of exports and imports among African countries where Ecobank is present.