04/07/2021
A review of the banks audited financial statements shows that top eight Kenyan banks by market share more than tripled their loan loss provisions to Ksh104.64 billion ($960 million) from Ksh28.68 billion ($263.11 million) in 2019.
04/05/2021
This transaction is the largest Nigerian oil and gas bond ever priced in international markets.
04/04/2021
The situation was further worsened by the outbreak of the COVID-19 pandemic
04/01/2021
Loan loss provisions surged by more than 2.5 times to Sh1.62 billion from Sh734 million in 2019.
03/31/2021
With social media networks becoming the centre of everyday life for almost 25 million Nigerians, SocialPay will ensure that these digital natives can make quick purchases and receive payments from social stores.
03/31/2021
Family Bank Group has posted Kshs. 1.16 billion in 2020 full year net profit, representing a 22.44% increase year on year, mainly driven by interest income.
03/31/2021
Apple Pay has joined Samsung’s digital wallet offering, Samsung Pay, which was launched in South Africa in 2018.
03/31/2021
This announcement follows on from the digital bank securing R1.6-billion from a number of undisclosed global investors
03/31/2021
Our partnership with Ecobank has delivered an outstanding result in a short window time
03/31/2021
DealMakers Africa say the Jubilee-Allianz transaction is the largest announced in East Africa during 2020
03/30/2021
A bigger asset base and efficient management are among the key drivers of a bank’s profitability.
03/29/2021
Aigboje Aig-Imoukhuede will make a number of significant announcements about his plans for the future at the launch of Leaving the Tarmac: Buying a Bank in Africa.
03/26/2021
Banks are playing a key role in economic recovery around the world.
03/26/2021
Total assets of the group nudged up to N10.4 trillion in the year ended from N8.6 trillion in the corresponding year of 2019, representing 20 percent increase.
03/25/2021
Non-interest revenue ascended 14.7 per cent powered by a 43.4 per cent increase in trading income to N52.1 billion.
03/24/2021
Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products.
03/24/2021
The ground-breaking study, released on Tuesday 23 March, is expected to underpin development of a multi-country climate finance initiative in Africa
03/23/2021
“This award comes as a true testimony of our dedication to provide the best financial services to our customers, despite the challenges brought by the pandemic,” said Diane Karusisi, Bank of Kigali CEO.
03/23/2021
Largely due to the sharp increase in provisions for bad debts.
03/23/2021
This includes card/QR payment acceptance, access to credit and various insurance products – helping to grow and develop community-based businesses in a similar way that most formal businesses are able to via the formal financial system.