FinTech

06/07/2023

African banks progress towards digitalisation

How strong is the demand for digitalisation of banking services in the continent and how are African banks dealing with it? A new survey paints a picture of gradual growth and progress.

06/06/2023

Bank run scare on CBK plan to issue digital currencies

The Kenyan version of the CBDC, whose introduction has been under debate for the last few years, prompted the CBK to issue a discussion paper in February last year but the feedback points to more threats than opportunities.

05/30/2023

Banks' digital shift roadmap

More than 85 percent of the banks surveyed indicated that these two strategic outlooks inform their digital transformation journeys.

05/29/2023

Big banks strike back with own fintechs

Squad’s performance only shows the extent to which Nigerian banks are going to secure their top share of the market in financial services amid a very motivated fintech ecosystem.

05/17/2023

Big trouble for Telkom

On a normalised basis – excluding once-off costs – the picture is slightly better for the group, but the hit to earnings is still severe, with a reduction between 60% and 80%.

05/10/2023

StanChart sets 6.58 percent rate on its mobile lending

StanChart’s SC Juza platform allows one to borrow from Sh1,000 to Sh100,000 every week. The cost of the short-term credit comprises a processing fee of 5.5 percent and interest rate of 1.08 percent per month.