09/03/2014
Ghana Bank Buys German Financial Firm
After the merger Fidelity will have a branch network of 80, 96 ATMs, 300 agencies and more than 700,000 customers across the country
09/02/2014
The Old Mutual-owned personal financial management service will no longer charge a monthly subscription fee.
09/02/2014
Competition among banks is increasing as lenders seek to tap segments of the population who don’t use banking services
08/31/2014
Trans National Bank to open three branches as it targets agri-business
Uasin Gishu County Governor Jackson Mandago officially opens the rebranded Trans National Bank, Eldoret Branch yesterday. With him is Trans National Bank CEO Sammy Lang’at and the bank’s chairman Michael Cheruon.
08/29/2014
Fidelity Bank Ghana Limited has announced the completion of its $127.3 million Capital Raising Exercise to inject more capital into the operations of the bank.
08/29/2014
RainFin , a South African peer-to-peer lender part-owned by Barclays Plc, is expanding from personal loans into small-business loans, hoping to mimic the growth of U.S.-based LendingClub Corp.
08/29/2014
He was confident that Nedbank would exercise the conversion option and also top up the conversion amount with $206 million to give it a 20 per cent stake in Ecobank.
08/28/2014
Fidelity Bank Ghana Limited has announced the completion of its more than $127 million Capital Raising Exercise to inject more capital into the operations of the bank.
08/27/2014
Diamond Trust Bank Ltd., a Kenyan lender with operations in four nations, is considering expanding into one of three African countries as growing competition at home squeezes margins
08/26/2014
The Reserve Bank of Zimbabwe created a company that will buy non-performing debt from banks.
08/22/2014
The central Bank of Namibia had granted Trustco permission to acquire Fides Bank Namibia, the Johannesburg and Namibia-listed financial services firm said on Thursday.
08/20/2014
The governor noted that access to finance had a multiplier effect on the economy as it would have the much needed catalytic effect on job creation and poverty reduction.
08/20/2014
Nedbank’s is not the only loan Ecobank is hopeful of converting into shares.
08/18/2014
Current pilot includes going to smaller, specific areas such as Hill road in Bandra and Lokhandwala in the western suburb of Mumbai instead of going to larger areas
08/17/2014
Africa is largely unbanked. With over 1 billion of population in Africa, 53% of the population consists of Muslims. I see major opportunities for the banks to grow and capture the unbaked.
08/15/2014
The South African Reserve Bank is considering an application by the state-owned Postbank to allow it to lend
08/15/2014
Kenya's Diamond Trust Bank increased first-half pretax profit by 17 percent year-on-year, helped by growth in net interest income and fees
08/14/2014
Kenya's Diamond Trust Bank has raised 3.6 billion shillings ($41 million) in an oversubscribed rights issue to expand its branch network in the region and to support lending.
08/14/2014
Standard Bank Group Ltd., Africa’s largest lender, said first-half profit rose 2 percent, helped by a decrease in bad debts and growth outside South Africa.
08/14/2014
The bank said it would not pay an interim dividend to enable it to meet new capital requirements set by the Central Bank of Kenya and raise capital for investment