10/20/2014
Bank of Africa celebrates 10 years with new branch
Bank of Africa Kenya has opened its 34th branch at Sameer Business Park.
Retail Banking
10/17/2014
Zimbabwe: MBCA to Become Nedbank Zimbabwe
Nedbank, the fourth largest bank in South Africa by market capitalisation and customer numbers, is the majority shareholder in the Zimbabwean financial services firm, controlling 74 percent stake in MBCA Bank.
10/17/2014
Nigeria’s Heritage is Acquiring Enterprise Bank for $340 Million
The bad bank was set up in 2010 to buy non-performing loans and stabilize Nigeria’s banking industry after a debt crisis threatened it with collapse.
10/14/2014
Nedbank Acquires Stakes At Eco Bank
Global financial groups have their sights set on the African banking sector, where the benefits of surging consumer strength and catch-up growth offer significant promise.
10/13/2014
Somali Bank Becomes First Lender to Handle Foreign Transactions
The relative calm and tranquility in the country, especially the capital city, made us take a decisive step
10/13/2014
Acquisition of Mainstreet Bank: Skye Bank faces fresh hurdles
Sources close to the deal expressed concerns that even if the bank succeeded in raising the money it plans to raise before year end
10/13/2014
Standard Chartered Bank opens new branch in Lagos
Priority Banking, Employee Banking, eSaver, debit and credit cards.
10/13/2014
Banco BIC of Angola enters Namibian market
The authorisation granted by the Namibian central bank is provisional for a six-month period and gives Banco BIC time to complete feasibility studies to back up its business plan to enter the market.
10/12/2014
FirstRand CEO Says African Bank Not a Proxy for Industry
FirstRand Ltd., Africa’s biggest bank by market value, said unsecured lending was the least of its issues and criticized ratings companies for seeing failed African Bank Investment Ltd. as a proxy for the industry.
10/10/2014
Skye Bank signs agreement for purchase of Mainstreet Bank, pays 20% deposit
AMCON had announced Skye Bank as the preferred bidder for the acquisition of all its interest in Mainstreet Bank
10/09/2014
Nedbank rules out boosting 20% stake in Ecobank
Lender's rule deters Nedbank from purchasing more than 20%.
10/08/2014
Kenya Commercial Bank gets MasterCard PayPass certification
Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that with its technological assistance, Kenya Commercial Bank is now able to offer acceptance of contactless
10/08/2014
Exim wants more collaboration with banks
The Board Chairman of EximGuaranty Company Limited, Mr Felix Ntrakwah, says Exim is not in competition with the financial institutions but are collaborators and should work together for the benefit of SMEs.
10/07/2014
Nigeria creating appetite for debt and equity instruments -Agusto
Worthy of this development is increased investments in States such as Lagos, Ogun, Kogi, Edo, Anambra, etc. to mention a few.
10/07/2014
Access Bank Access Bank Eyes Increased Investment in Ghana, Rwanda, Zambia
Kumapayi also said part of the funds would be used for branch expansion, renovation and facilities’ upgrade in Nigeria.
10/06/2014
Nedbank ups its risk appetite
IS NEDBANK buying a giant headache by paying R5-billion for 20% of Togo's Ecobank Transnational?
10/06/2014
Ecobank to focus on existing businesses: CEO
Pan-African lender Ecobank plans to wind down its strategy of rapid expansion across Africa and focus on existing businesses, especially in Nigeria, Ghana, Angola and Kenya, its chief executive said on Sunday.
10/06/2014
FirstRand takes top spot but Standard likely to fight back
Firstrand is firmly positioned as the leading bank in SA after the most recent reporting period for the top four banks.
10/02/2014
Access Bank to Expand to Asia, African Economies
Others are window of opportunity in a rapidly expanding and consolidating banking sector
09/30/2014
Retail Banking Academy and IOBSA sign memorandum of understanding
The Retail Banking Academy and the Institute of Bankers in South Africa entered into a Memorandum of Understanding whereby IOBSA will undertake an evaluation of the Academy’s credit bearing programmes and award candidates a designation.