04/05/2021
FirstBank Disburses N58bn to 81,000 Female-owned Businesses
“In 2020, we gave out loans of NGN 58 billion to over 81,000 female entrepreneurs and professionals.”
Investment Banking
03/29/2021
StanChart staff costs increase by Sh540m on retrenchment
Those retrenched were offered a one month’s salary in lieu of notice, severance pay at the rate of one-and-a-half months per year of service and pay for accrued leave days at the time of termination.
03/22/2021
Sterling Bank’s customers get 20% holiday discount
“We introduced the discount initiative post-COVID-19 lockdown to stimulate the domestic tourism sector."
03/12/2021
Global Finance Names AfDB As the World’s Best Multilateral Financial Institution
Global Finance awards are a valuable guide.
02/23/2021
United Capital Grows Profit by 61% to N7.9bn, to Pay N4.2bn Dividend
United Capital Plc’s total assets grew by 48 per cent to N224.75 billion in 2020 from N150.46 billion in 2019
02/19/2021
Standard Bank gets more time to buy Stanbic shares
It is targeting to grow its holding to 75 percent and has received regulatory exemption from making a full takeover offer to Stanbic Holdings’ minority investors.
02/19/2021
Standard Bank gets more time to buy Stanbic shares
Standard Bank has been buying the shares in the open market through its investment vehicle Stanbic Africa Holdings Limited.
02/18/2021
Standard Bank scoops award at SME Bank Of the Year Awards 2020
Standard Bank has received global recognition for its efforts in assisting SME clients in SA
02/17/2021
S.A’s Standard Bank eyes higher share in Angolan branch
Standard Bank is targeting a country that is ranked among the six African states
01/29/2021
JPMorgan gives another endorsement on local banks’ prospects
US investment bank says current valuations are attractive relative to regional and emerging market peers
01/21/2021
African Development Bank, European Investment Bank sign Joint Partnership Action Plan to fast-track development in Africa
The Joint Action Plan was developed following an EIB delegation meeting with the African Development Bank in February 2020
01/19/2021
Mauritius and Morocco join African Development Bank (AfDB/AFMISM) Bloomberg® bond index
The African Development Bank administers the ABABI, a family of African bond indices launched in February 2015 and calculated by the independent, global index provider Bloomberg
01/14/2021
Investment banking fees earned in Sub-Saharan Africa hits a six-year low of $523.7 million in 2020
The report stated that the energy and power sector generated the highest investment banking fees for the aforementioned period.
01/11/2021
Sahel region: the African Development Bank pledges to mobilise $6.5 Billion in support of the Great Green Wall Initiative
The Great Green Wall’s plan is to plant an 8,000 km long and 15 km wide mosaic of trees, grasslands, vegetation and plants across the Sahara and Sahel
12/10/2020
World Bank gives $10m loan to I&M
This will ensure small businesses are well equipped to navigate the difficult waters of Covid-19,"said IFC’s resident representative for Rwanda Dan Kasirye.
12/03/2020
Kenyan bank Stanbic disowns research note on diverging shilling rates
The exchange rate has long been a sensitive issue.
12/03/2020
Nedbank announces new fees for 2021
Of the active accounts, only the Savvy Bundle account saw an increase to its monthly handling charge.
12/02/2020
Standard Bank shares fall on poor earnings guidance
Africa’s largest bank by assets said that its personal and business banking (PBB) client relief portfolio in South Africa continued to be under pressure.
11/20/2020
Standard Chartered nine months profit falls by 31 per cent
The bank saw its net interest income decline by 2.7 per cent to Ksh.14.3 billion while non-interest funded income (NFI) fell to Ksh.6.3 billion from Ksh.7 billion last year.
11/20/2020
Standard Bank’s Money Market Select account offers investors flexibility and higher interest rates
Invest from R100,000 with a competitive rate of up to 4.65%