11/04/2020
Crown Agents Bank extends African payments reach with Paga partnership
The move follows on from Crown Agents Bank’s existing work with Paga in Nigeria, which enables domestic transfers for organisations with a local Nigerian presence.
Retail Banking
11/04/2020
Ecobank Advocates More Collaboration between Fintech, Banks, and Telcos to Spur Economic Growth in Nigeria
According to Dr Aina, businesses and stakeholders in general must appreciation changes in the customers’ behavior, which is the main thing that determines a company’s success.
11/03/2020
Fidelity Bank posts N20.41 billion profit in nine months
Fidelity bank posted a Profit After Tax worth N20.41 billion for the period ended September 2020.
11/03/2020
Kenya’s Equity Bank targets regional role
Suspending dividends has allowed chief executive James Mwangi to build a $100m war chest for cross-border deals
11/02/2020
Access Bank Rwanda introduces Agency Banking
The model allows Access Bank to contract third party retail networks across the country to serve as banking agents offering financial services on their behalf.
11/02/2020
Ecobank restates commitment to AfCFTA
Also speaking, AfCFTA, Mene Wamkele expressed satisfaction that Nigeria is ready to deposit the instrument of ratification of the AfCFTA, noting that he is looking forward to Nigeria’s leadership in AfCFTA.
11/02/2020
Kenyans’ stake in KCB jumps to new high of 65 percent
A total of 40 new institutional investors and 1,416 individual shareholders went for KCB shares during this period even as the existing ones ramped up their stakes.
11/02/2020
The Future of Self-Service
The young customers of today don’t have the time to look for a branch, stand in queues, and speak to banking staff.
10/30/2020
Access Bank eyes nine counties in expansion
Access Bank did not disclose how much it intends to spend on the expansion drive.
10/30/2020
FNB mistakenly blocks company’s online payments for suspected fraud
This was causing severe risk and inconvenience for the business, and MyBroadband contacted FNB to investigate the matter further.
10/29/2020
Zimbabwe: Stanbic Wins Prestigious Banking Award
"Our customers believe in us and we are honoured to be their financial partner of choice, they are the reason why we keep getting such recognition across the continent"
10/29/2020
UBA Cameroon partners with Campost to facilitate withdrawals for its clients
The aim of the switch (managed by Campost) is to facilitate the interoperability of the various services provided by operators using the national electronic communication network. Through the national payment switch, Cameroon plans to increase its financi
10/29/2020
Investors remain wary on Nigeria’s banks
Some are concerned that strong results mask the true state of finances in spite of oil hedges
10/29/2020
Sterling Bank launches ‘Switch’ free money transfer service for Nigerians in diaspora
“Switch provides customers with the added value of asset financing, investment and insurance opportunities at better rates,” he said.
10/29/2020
Access Bank takes strategic steps towards becoming Africa’s gateway to the world
Shareholders will benefit from the economies of scale of a larger banking network
10/29/2020
Digitisation, COVID-19 prompt jobs bloodbath at African Bank
It points out that the bank has furthermore been gradually automating processes across its operations and has implemented the omni-channel digital platform to reduce duplication and increase efficiency.
10/28/2020
Access Bank expands to Mozambique, South Africa
The bank is set to commence operations in Mozambique as Access Bank Mozambique, S.A (“Access Bank Mozambique”).
10/28/2020
African payments for African development (By Murray Gardiner)
African payment solutions are critical to minimising fraud while improving the free flow of funds to boost business and economic activity
10/28/2020
How Bank Zero’s prices stack up against Discovery Bank and TymeBank
TymeBank is the most similar to Bank Zero – focusing on low monthly fees and cashless functionality – while Discovery Bank’s products are aimed at higher-end customers and include rewards programmes and Discovery Vitality integration.
10/28/2020
Biggest Nigerian Bank Starts First Fund for Protest-Hit Firms
About half of the country’s 36 states imposed a curfew last week to halt further looting, arson and destruction to private and public property, which claimed dozens of lives.