12/14/2020
The outlook for South Africa's top 4 banks: ABSA, Nedbank, FirstRand and Standard Bank
Assessing the economic outlook, broker ratings and target prices for these securities, as well as the technical trading view for these shares.
Retail Banking
12/11/2020
Co-operative Bank of Kenya Limited -- Moody's takes ratings actions on 32 banks in Africa following update to country ceilings methodology
Rating Action: Moody's takes ratings actions on 32 banks in Africa following update to country ceilings methodology
12/10/2020
TymeBank and IDEMIA Collaborate Towards Increased Security and Convenience in Customer Card Issuance
As the world leader in Augmented Identity, IDEMIA has a proud track record of providing a trusted environment enabling consumers to perform their daily banking activities.
12/10/2020
African banks' non-performing loans to potentially double, Moody's warns
Rising pressure on African governments caused by the coronavirus pandemic is also weighing on banks, the report added as creditworthiness was "inextricably linked" to the financial strength of the government in the country where the lenders are
12/10/2020
South Africans turn to online services
The Internet has scaled seamlessly during the pandemic, enabling three quarters (75%) of those surveyed in South Africa to continue working and learning, compared with just under half (48%) globally.
12/10/2020
African Banks Perfectly Poised to Benefit from Chat Commerce
Clickatell believes banks, particularly in the emerging markets, can increase their reach by a factor of three if they implement chat
12/09/2020
Access Bank in talks with Atlas Mara to take over BancABC
Access Bank Plc is in talks about a potential acquisition of assets belonging to Atlas Mara Ltd.
12/09/2020
Ensure you do not fall victim to festive season fraud
When drawing money at an ATM, always be alert to your surroundings and do not use the ATM if there are loiterers or suspicious people in the vicinity.
12/09/2020
Virgin Money South Africa is now Spot Money – A new open banking platform
A few months after the app’s launch, Virgin Money released a new version of Spot that was built on blockchain technology.
12/09/2020
Rwanda: Access Bank Rwanda Wins 'Commercial Bank of the Year' At Service Excellence Award 2020
The award spotlights the bank's commitment to meet and exceed customers' expectations, according to officials.
12/09/2020
West African startup partners with Coris Bank International Togo
The strategic partnership will enable the ride-hailing startup’s driver-partners to access performance-based financing and is a step towards large-scale, data-based financing in the informal sector.
12/08/2020
Ecobank Group’s customer deposits rises to N6.69tr in Q3
The nine-month report showed that gross earnings stood at N613.15 billion in 2020
12/08/2020
TymeBank fee changes for 2021
Because the bank does not have an ATM network, it treats till points at retailers as its de facto ATM.
12/08/2020
Six Banks Boost Economy With N1.3 Trillion Credits in 2020
THISDAY checks showed that the six banks credits to customers as of September 2020 stood at N13.958 trillion, up by 10.59 per cent from December 2019, indicating that an additional N1.337 trillion was given out within the nine months period.
12/07/2020
‘Future of banking bright in Nigeria’
The bank has undergone a significant evolution of business culture over the past few years with a view to improving operational efficiency and expanding market share.
12/07/2020
Zenith Bank extends industry leadership to size of balance sheet
Our half year analysis on Zenith Bank Plc envisioned that in the event of the bank taking over the lead on the size of the balance sheet, it will add asset size to its long held industry ruling by profit volume — this has happened.
12/07/2020
Standard Bank simplifies, cuts bank fees
And teases about a new hybrid savings account with no monthly charges ….
12/04/2020
E-commerce will enable young people to gain from AfCFTA but legal hurdles loom
The trading bloc comes into force in January 2021.
12/04/2020
Stanbic hit by Sh275m default from sister firms
“For the year ended December 31, 2019, the group has made provision for doubtful debts relating to long outstanding amounts owed by related parties [of] Sh275.2 million.”
12/04/2020
AfricInvest invests in Fidelity Bank Ghana
AfricInvest, a Pan-African mid-cap-focused private equity firm, has acquired a minority stake in Fidelity Bank Ghana.