09/30/2013
Republic Bank now holds 40% stake in Ghana’s HFC Bank
Caribbean-based Republic Bank has cemented its stake as the single largest shareholder in Ghana’s HFC Bank.
Retail Banking
09/27/2013
Republic buys bigger stake in Ghana bank
Republic Bank has announced its acquisition of an additional 7.98 per cent shareholding in HFC Bank Ghana, moving its shareholding to 40 per cent.
09/23/2013
Standard Bank wins several awards across Africa at SIBOS 2013
Standard Bank Group, Africa’s largest bank by assets and earnings, won 10 prestigious awards that validate its client-centric focus as well as its capabilities and expertise across an extensive network
09/23/2013
BOG approves takeover of Ghana's ICB by First Bank of Nigeria
The Bank of Ghana has approved the acquisition of Ghana's International Commercial Bank by Nigeria’s First Bank
09/22/2013
India joining African regional bank will strengthen ties
India has long and deep cultural and commercial interests in African countries like Kenya
09/21/2013
Stanchart, Barclays falter as Co-op Bank
This is paving way for a new breed of powerhouses of the likes of Cooperative Bank
09/21/2013
SA Banks Buoyed by Neighbour
Mozambique has morphed from being a basket case ravaged by civil war into one of the world’s most rapidly expanding economies
09/18/2013
CBN Moves to Insulate Eight Top Nigerian Banks From Distress
The new framework would help check disruptions the financial system and economic activity in the country.
09/17/2013
Three-year contract for new Barclays MD
The 20-year banking veteran with executive experience in Absa Group level has been chosen to lead the local bank
09/17/2013
African Bank Slumps as Lender Forecasts Full-Year Profit Drop
African Bank Investments Ltd. (ABL), South Africa’s largest provider of unsecured loans, fell the most in six weeks after it said full-year profit will decline as bad debts rise and the bank curbs lending growth.
09/15/2013
GTBank Emerges Best Banking Group In Nigeria
Guaranty Trust Bank Plc has been named the Best banking group in Nigeria in the 2013 Annual World Finance Banking Awards by The World Finance magazine.
09/14/2013
Rand Merchant Bank’s Superstars Do Their Sums Right
GROWTH on the African continent and a focus on cost containment have been the two central drivers behind Rand Merchant Bank’s 23% rise in profit before tax for the year ending June.
09/12/2013
StanChart To Open 100 Branches in Africa By 2016
Standard Chartered Plc, the UK bank that earns most of its profit in Asia, expects to open 100 new branches in Africa by 2016 to benefit from the continent's US$1 trillion of annual retail spending.
09/12/2013
Indian banks eye Mauritius footprint to tap Africa potential
Looking to tap into the business potential offered by Africa, some Indian banks have expressed interest in setting shops in Mauritius.
09/11/2013
FCMB targets financial inclusion to increase customer base
First City Monument Bank Limited has embarked on series of activities to inculcate the culture of wealth creation amongst the Nigerian masses.
09/10/2013
Credit amnesty worry for banks
Some of South Africa’s major lenders have warned that the expunging of credit information due to a recently approved credit information amnesty could push lenders to be more conservative when advancing credit.
09/10/2013
AfDB extends US $150 million to Mauritius Commercial Bank to enhance lending to African businesses
The Board of Directors of the African Development Bank approved on Wednesday, September 11 a financing package consisting of US $120 million multi-sector line of credit and US $30 million subordinated debt to The Mauritius Commercial Bank
09/10/2013
Fidelity pioneers Agency Banking in Ghana
Fidelity Bank Ghana Limited, one of the fastest growing banks in Ghana, has become the first bank to introduce Agency Banking services in the country.
09/10/2013
Barclays Bank unveils a three-year plan for faster growth
Barclays Bank of Kenya has unveiled a three-year strategic plan designed to facilitate faster growth in the future.
09/09/2013
FirstRand Profit Gains
FirstRand Ltd, South Africa’s second-biggest financial-services company, said fiscal full-year profit climbed 20 percent as it lured more customers.