02/27/2024
KCB Group, MasterCard in East Africa cards deal
In the partnership, the firms seek to deepen financial access, connect customers with novel experiences
Retail Banking
02/22/2024
Interest rates on bank loans race past 26pc in fresh review
Commercial banks are now charging more than 26 percent interest on loans in another round of credit repricing that signals more pain for risky borrowers amid a surge in defaults.
02/22/2024
FirstBank Rewards Customers With 93m
Customers who have decided to remain with us for a long, long time.
02/20/2024
Banks open to loan restructuring as higher rates, inflation raise defaults
The latest move is part of efforts to avert potential defaults and strengthen customer loyalty in a competitive banking sector.
02/19/2024
Chinese e-commerce boom in South Africa – as local retailers cry foul
Temu is a fast-growing business in the country, having launched its South African site in January 2024.
02/16/2024
Big surprise for retailers in South Africa – but consumers still feel the pain
Retail trade sales increased by a flat 0.1% in the fourth quarter of 2023 compared with the fourth quarter of 2022.
02/13/2024
KCB, Visa launch premium card service for super-rich
The cardholders will enjoy faster rewards earning rates
02/09/2024
Treasury takes Sh258 billion foreign loans in seven months
Kenya has meanwhile received Sh74.9 billion ($468 million) in project loans over the same period.
02/09/2024
Access Bank Makes Changes, Releases Lists of Approved Charges on Customers' Savings, Current Account
Another is the quarterly debit card maintenance fee (Inclusive of VAT), which will attract a N53.75 charge, and the issuance fee for these cards is N1,000 (one-off charge) irrespective of the card type.
02/02/2024
Co-op Bank raises daily ATM cash limit to Sh60,000
The weakening Kenyan shilling has left customers worse off given that they need more money to buy the same amount of goods.
01/31/2024
Wema Bank doubles profit
The bank recently closed its Rights Issue where it raised about N39bn.
01/31/2024
Afreximbank acts as Joint Global Coordinator on Arab Bank for Economic Development in Africa's (BADEA's) Inaugural EUR 500M Social Bond
The bond issuance was 3.0x oversubscribed off peak orderbook EUR 1.5B
01/31/2024
Absa Bank awarded top employer for the third consecutive year in Ghana and Africa
The Top Employer certification covers best practices in six HR domains
01/30/2024
FirstBank, wins Best Corporate Bank in Nigeria at Euromoney awards
“We are proud to dedicate this prestigious award to you as a testament to our collective efforts and the meaningful relationships we have built over the years”, the Bank said.
01/29/2024
Nigeria’s Access Bank acquires Ugandan lender
The transaction will see Access Bank -the subsidiary- inject funds into Finance Trust Bank to boost its capital base, which will help promote financial inclusion and product diversification.
01/26/2024
Retailers and Tech Experts Gather in Johannesburg to Prepare for the Future of African Retail
Digital Retail Africa 2024 is a pivotal event that will empower retail businesses in Africa to stay at the forefront of the technological curve.
01/25/2024
UBA wins several international awards
The recognition of the bank’s outstanding performance reaffirms its status as a leading player in the financial industry
01/24/2024
UBA wins international awards
Also, the bank, with a presence in 20 African countries won the 2023 FMDQ Gold Awards in three key categories
01/24/2024
Mobile, agency banking cut ATMs count to 11-year low
The ATMs for long helped customers escape the long queues in banking halls but the onset of mobile banking has appealed more.
01/24/2024
Why Absa Bank is the employer of choice in Kenya
The fact that the bank was named the top employer in the whole of Africa not once but thrice is quite impressive by any standards.