11/10/2014
The bank said the total shareholding of 10% will be divided between current employees who are eligible for 8%, while the remaining 2% will be allocated to a community trust
11/07/2014
AfDB approves 148 mln USD credit for Kenya's Equity Bank
The African Development Bank said on Thursday it has approved 148 million U.S. dollars line of credit for Kenya's Equity Bank for on-lending to key economic sectors in the country.
11/06/2014
Nigeria’s Guaranty Trust Bank Plc wins 2014 Product Leadership Award
Its headquarters is located in California with offices in 31 countries across six continents.
11/05/2014
Through use of mobile phones and Internet connections, the bank wants to offer services to “everyone, irrespective of income or location”
11/05/2014
National Bank of Kenya has signed a strategic partnership with the Postal Corporation of Kenya that will see the bank ride on its infrastructure by providing agency banking services in all 470 Posta outlets.
11/03/2014
The Bank has also embarked on the remodeling of about 40 of its branches nationwide to reflect its retail positioning.
10/31/2014
Absa is doing just that in its local retail banking division, confirming that of about 9 000 roles, 81 roles in the regional leadership team have become redundant.
10/31/2014
African banks are expanding into neighbouring countries and further afield benefitting from their knowledge and expertise in familiar territory.
10/30/2014
Equity and debt investors will have a chance to participate in the good bank’s IPO.
10/28/2014
Having undergone one of the most successful corporate turnarounds in Nigeria’s financial services industry, analysts believe a combination of the robust balance sheet and visibility of Mainstreet Bank Limited will be a great asset to its new investo
10/24/2014
Giving the successful conclusion of Unity Bank rights issues, expectations were high among investors for the financial results of the company for the half-year ended June 30, 2014.
10/24/2014
Failed South African lender African Bank Investments is likely to re-list on the stock exchange early next year, and its government supervision will be concluded without the use of taxpayer money
10/24/2014
Access Bank plc has emerged the winner of the 2014 World Finance, UK Magazine ‘Sustainable Bank in Nigeria Award.
10/24/2014
The Kenyan government is negotiating with local banks to reduce the interest lenders charge on mortgages to single digits, as authorities try to make purchasing a home affordable in East Africa’s biggest economy.
10/24/2014
Stanlib’s deal with parent Standard Bank in Ghana, comes after the asset manager received the go-ahead to build a money management capability independent of Liberty Africa.
10/23/2014
As part of efforts to promote financial inclusion and wealth creation, Access Bank Ghana has launched three new products, with exclusive benefits and discounts to customers.
10/20/2014
Bank of Africa Kenya has opened its 34th branch at Sameer Business Park.
10/17/2014
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
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
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.