12/29/2020
His lawyer Yussuf Bashir argued that there was no justification for closing his account as he was not among the entities listed in the US Department of Treasury’s Office of Foreign Assets Control Sanctions list.
12/29/2020
For the financial year 2019, Absa Bank Kenya reported a normalized Sh8.5 billion profit after tax on the back of higher operating income.
12/29/2020
The performance of Tanzania subsidiaries was attributed to low business due to competition in a market dominated by established local players.
12/28/2020
Co-operative Bank on other hand reported a marginal 0.2 per cent reduction in profit after tax to Sh3.58 billion down from the Sh3.59 billion posted the previous year.
12/28/2020
A breakout growth in earnings for Access Bank in the third quarter powered a 55 percent advance in prot quarter-on-quarter — the bank’s best quarterly record by the end of September 2020
12/28/2020
Nefarious activity targeting bank accounts seems to increase over the festive season.
12/28/2020
The Group has banking subsidiaries in Kenya, Rwanda, Uganda, South Sudan, Tanzania, and DRC and a representative office in Ethiopia.
12/27/2020
The outcomes of the meeting will underpin the development of a business model and infrastructure for a low-cost retail digital payment scheme for MSMEs within COMESA region.
12/27/2020
“Equity banking subsidiaries will now be in a position to leverage the Group’s strength to extend large corporate loans across all the countries where Equity operates.”
12/24/2020
Equity will leverage the corporate banking history and experience of 112 years by BCDC to strengthen its corporate banking value proposition.
12/23/2020
It also follows months of engagement with MSME customers since the onset of the Covid-19 pandemic where one of the biggest challenges they raised was inability to access markets and sell their products.
12/23/2020
The bank is committed to leveraging technology to promote operational efficiency and to enhance financial inclusion.
12/23/2020
Launched in January 2016 by Shola Akinlade and Ezra Olubi, Paystack is a payments company that helps businesses in Africa get paid by anyone, anywhere in the world.
12/22/2020
Company will partner with fund managers, investment banks
12/22/2020
According to the reported data, the serious delinquency rate for clothing accounts was 34.3%; 32.8% for non-bank personal loans
12/22/2020
In addition, ARO demonstrated a swift and strategic response to the COVID-19 pandemic, not only assisting customers with payment relief initiatives but also contributing extensively to local social relief efforts.
12/21/2020
This recognition serves as an encouragement for us to build on our successes and invest even more in digitally-led measures that will position us as the World’s Most Respected African bank.
12/20/2020
The drop in profitability thins the chances of dividend payouts for shareholders next year.
12/18/2020
According to Mr Akinwuntan, “Nigeria banks have strong capital and their operating synergies have been tremendous for the past five years particularly in the digital banking space."
12/18/2020
The accolade also encompassed Absa’s role in driving financial inclusion across the continent.