09/15/2022
Banking Transactions Show Slow Recovery in South Africa
Transactions index fell for a third straight month in August
Retail Banking
09/15/2022
Africa’s payments startups are about to face competition from a Brazilian unicorn
“Flutterwave provides technology, infrastructure, and services to enable global businesses, payment service providers and Pan-African banks to accept and process payments on any channel (Web, Mobile, ATM & POS)”
09/14/2022
Orange and Cellulant expand money transfer options for Botswana bank customers
The sender does not need to have an Orange Money account; they are only required to have a registered Orange SIM card.
09/13/2022
Banks in South Africa are hiring for these tech jobs right now
He said that more products have called for a larger pool of tech and data experts.
09/09/2022
UBA Delivers N70 Billion Profit In H1 2022, Up By 16%
The interest expenses was valued at N79.9 billion in the first half of 2022 from the N74.6 billion in the first half of 2021 as the banks recorded more deposits from customers during the period while the net interest income stood at N177.46 billion.
09/08/2022
“Africa has a Fever” – Former United Nations (UN) Secretary General Ban Ki-moon
He said Africa was resolute about its economic advancement and would not stop. “Adaptation in Africa is like climbing a mountain.
09/08/2022
Ecobank Group’s RapidCollect™ Enables Businesses to Collect Their Payments Across Africa with Only One Account
It provides a fast, innovative, secure, and reliable solution for our customers which leverages the collective scale and strength of our 33-country pan-African network.
09/07/2022
Banks take gradual steps to risk-based lending
Some lenders charged as high as 16.4 percent for business loans in June, and 16.8 percent for overdrafts, while the rates on personal loans rose by up to 2.4 percentage points to 14.3 percent.
09/07/2022
Discovery Bank cheers customer growth – but still delivers R990 million loss
Discovery Bank, however, recorded an operating loss for the financial year of R990 million, although it was 10% lower than the previous financial year.
09/06/2022
African Bank launches new loyalty programme for customers
The group has partnered with Loylogic, a loyalty and engagement solutions specialist, and loyalty marketing business, Pinnacle Rewards
09/06/2022
HSBC names new team of dealmakers for private markets drive
A slump in equity capital markets deals in 2022 has made private markets teams more integral to banks
09/06/2022
FirstBank’s Adesola Adeduntan: eNaira rollout ‘exciting’
He is overseeing one of the most extensive transformation programmes in the sub-Saharan African financial services industry
09/05/2022
Access Bank launches Womenpreneur Pitch-A-Ton season 4 to empower female entrepreneurs
The Womenpreneur Pitch-a-ton Africa has been designed to provide female owned businesses, an opportunity to access finance, world-class business trainings as well as mentoring opportunities.
09/02/2022
Cheapest bank accounts in South Africa right now
New fee structures have also taken effect in the last few months, such as updates for the Bidvest GROW account and FNB’s prodcut suite.
09/02/2022
Don’t expect Nedbank, Discovery Bank, Capitec and FNB to change just yet
The research surveyed 1,000 people across the board, from executives in the industry to average consumers.
09/01/2022
Barclays raises $623 million in gross proceeds from Absa exit
The placing is expected to result in a proforma increase of about 4 basis points to Barclays' group CET1 ratio
09/01/2022
Fidelity Bank grows half year profit by 20.7% to N23.3 billion
...proposes 10 kobo interim dividend
08/31/2022
Fidelity Bank Gets CBN’s Approval to Acquire Union Bank UK
The proposed acquisition marked Fidelity Bank’s first foray into the international market and signals yet another milestone in the bank’s increasing profile as a leading African bank.
08/31/2022
Agusto & Co Predicts 23% Return on Equity for Nigerian Banking in 2022
The rating agency made the prediction in its 2022 Banking Industry outlook adding that it anticipates a 16.5 per cent year-on-year (Y-o-Y) loan growth in 2022.
08/31/2022
Ecobank Nigeria Unveils Special Scheme on Loans and Remittances
Customers can either opt for the Employee Credit or Cash backed Back2School scheme based on their cash flow.