10/07/2022
Open banking could be what Africa needs to deepen financial inclusion
Open banking is considered a nascent idea in Africa but 11 countries are already tapping on its potential to deepen financial inclusion in rural areas.
Retail Banking
10/07/2022
Wema Bank Emerges Best Performing Bank in H1 2022
Wema Bank came first in the category of Leading banks’ by customer deposits growth.
10/07/2022
Akin Gump Advises Fidelity Bank on First International Acquisition
Fidelity Bank is one of Nigeria’s largest and fastest-growing banks and serves over 6.5 million customers across 250 offices.
10/07/2022
African Development Bank president Akinwumi Adesina awarded Man of the Year (Africa) in 2022 by Exclusive Men of the Year Awards
The EMY awards are organized by the EMY Africa Magazine(link is external), “a premier men’s magazine that addresses the people, places, ideas and issues that shape men’s personal expressions, development and experiences.
10/06/2022
World Bank downgrades Kenya's growth to 5 percent
The bank said noted the slowdown in economic activity reflects weak private consumption associated with a contractionary monetary policy on the back of high inflation.
10/06/2022
Stanbic, dfcu appears among the top 20 banks in East Africa
The annual survey ranks Africa’s banks according to their Tier 1 capital.
10/04/2022
Shift as businesses turn to South Africa’s major retailers for loans and financing
An affordable financing product with an all-inclusive interest rate and no additional fees
10/04/2022
Afreximbank launches Afreximbank Trade Payment Services
AfPAY, which has been in a pilot phase for over a year, currently facilitates over half a billion dollars in monthly payments across African member states.
10/04/2022
UBA Foundation Receives Leadership Award In Corporate Social Responsibility
It is fundamental for people and organisations to give back.
09/30/2022
eBucks boost for FNB customers
FNB is also providing qualifying customers unlimited complimentary access to SLOW Airport Lounges, the ability to earn 10% back in eBucks with QuickBus, which is available on the FNB App for booking bus trips with major bus operators.
09/30/2022
3 big changes Capitec customers can expect in the coming months
“We build our bank around our client’s needs at an affordable cost – not around how other banks are doing business,”
09/29/2022
Egyptian Banking Institute expands training programmes in Egypt, Africa during FY2022
In continuation of the EBI’s role in supporting the development of human capital in the African banking sector
09/29/2022
Capitec reports surge in customers, hikes dividend on strong growth
Lending income grew by 13% to R8.0 billion, net credit life insurance and funeral plan income grew by 64% to R1.5 billion, and net transaction income (including net foreign currency income) grew by 8% to R5.6 billion, the bank said.
09/29/2022
One of the USA’s biggest retail brands is coming to South Africa
Circle K vice president Pat Fitzpatrick said that South Africa presents Circle K with “compelling opportunities for growth” as the brand continues to expand in global markets.
09/29/2022
ProvidusBank, Mastercard, Interswitch, Thales Launch Contactless Tap-to-Pay Transactions via Smart Devices in Nigeria
All Mastercard transactions are made with industry-standard EMV-level security and are protected using standards-based payment tokens.
09/28/2022
Equity has emerged as the Best Bank in COVID-19 Response and SME Financing at the 2021 SFI Catalyst Awards
Additionally, the Bank restructured loans and offered loan repayment moratoriums to its customers enabling them to restructure, retool and repurpose.
09/28/2022
East Africa’s Top Banks in 2022
Ethiopian banks have improved their performance in our annual survey of Africa's Top Banks, but the East African banking sector shows signs of weakness.
09/28/2022
Absa Group projects ¢12 to a dollar end-year rate
Ghana commenced formal talks with the International Monetary Fund on Monday, September 26, 2022.
09/27/2022
Absa Bank Kenya taps Huawei for digital transformation
The tie-up will see Huawei support the creation of a platform to support the bank’s digital transformation.
09/26/2022
Bank costs fall on digitisation and higher interest income
Lenders have been leveraging on digitisation to cut overheads, and at the same time increase their non-funded income through the fees that use of these alternative banking channels generate.