03/15/2021
KMRC credit to mortgage lenders hits Sh2.8 billion
The Treasury-backed lender offers banks and saccos cash for onward lending to home buyers.
Retail Banking
03/15/2021
Bad loans take shine off Kenya banking stocks
Until there is some certainty about it, they (investors) will be slow to expand their investments in banking equities.
03/15/2021
S.Africa's Absa holds off on dividend, reports 58% profit drop
Profit slump around middle of forecast range
03/15/2021
Standard Bank aims to win African banking arms race, says CEO
Sim Tshabalala says bank is well positioned and will allocate more capital to building its African platform
03/12/2021
Nigerian Banks to stop “instant completion” for forex transfers online
You can no longer transfer forex online without documentation and subsequent approval of the bank.
03/12/2021
Standard Bank declares dividend despite drop in earnings
Overall banking revenues declined marginally, down 2%.
03/11/2021
Equity signs Sh10bn SMEs loans deal
Chief Investment Officer at FMO Huib-Jan de Ruijter said the facility will be a lifeline for the MSMEs by providing capital to keep businesses running.
03/11/2021
Ecobank partners NEXIM bank, unveils trade opportunities for exporters
Ecobank Nigeria is providing opportunities that support exporter
03/10/2021
Ecobank’s Global Bond Milestone
Ecobank gains access to global capital markets just as Africa's economic recovery from the pandemic is about to begin.
03/09/2021
AfDB allocates $2 mln grant to boost financial inclusion in Africa
The project will potentially benefit 250 million vulnerable customers and 2,000-3,000 financial institutions across Africa
03/09/2021
Nedbank expects earnings to slide 60% as it weathers Covid storm
Its basic earnings per share (Eps) is expected to fall by between 69 and 74 percent, to between 650c and 775c compared with last year’s Eps of 2500c.
03/09/2021
FirstBank boosts cross border payment with FirstGlobal Transfer
“For example, with First Global Transfer, individuals and customers in Sierra-Leone can walk into any FBNBank branch to send money to FirstBank customers in Nigeria as well as FBNBank customers in Gambia, Ghana, DR Congo, Senegal or Guinea.”
03/08/2021
Nigeria: African Development Bank Group provides $400,000 grant for Securities and Exchange Commission of Nigeria to support capital markets development
The funds will go towards strengthening the risk-based supervision framework, regulation of derivatives and green bonds, and build capacity for green finance
03/08/2021
Deputy chief executive of S.Africa's ABSA dies of COVID-19 complications
South Africa is the hardest hit country in terms of infections and deaths across the African continent, with 1.5 million cases and just over 50,000 deaths.
03/08/2021
The African Development Bank to introduce first women beneficiaries of AFAWA Guarantee for Growth program
The AFAWA Guarantee for Growth program targets financial institutions to increase their appetite to lend to women who are known to be better payers
03/07/2021
Stanbic Holdings reports Sh5bn net profit for 2020
Stanbic increased loan provisioning by 64.7 per cent to Sh4.3 billion in the wake of the virus crisis that saw massive layoffs, pay cuts and companies’ declined revenues, hurting borrowers’ ability to repay.
03/04/2021
Ecobank Group’s Josephine Anan-Ankomah talks about importance of banking for women
The firm would most probably have been better run, more conservative in its risk taking and would have avoided massive gambles on products it didn’t understand.
03/04/2021
Ex-Diamond Bank chairman, Seyi Bickersteth is dead
The death has been announced of Seyi Bickersteth, a former chairman of Diamond Bank Board of Directors.
03/04/2021
FirstRand expects faster than expected economic recovery
The Johannesburg-based lender has brought its dividend cover to the bottom end of its long-term range of 1.8 to 2.2 times, according to a statement on Thursday.
03/04/2021
The SARB is looking at new bank cards for South Africa
The SARB said that most of unbanked South Africans have no immediate need for a card that can be used overseas.