10/21/2020
TymeBank, UAE-based payments firm team up to target SMEs
Its partnership with SpaceX will provide satellite-powered Internet connectivity on Azure.
Retail Banking
10/20/2020
Capitec ranked as South Africa’s best-performing bank
The upper reaches of the rankings are now dominated by Egyptian banks, as the north African nation has managed to avoid recession – bucking the global trend.
10/20/2020
API economy the next big opportunity for fintechs, banks in Africa
Even if a fintech should have the ear of a big banking client, there are the hurdles of formal agreements, running proofs of concept and addressing concerns about security and licensing.
10/19/2020
The DigitalOnly DafriBank To Revolutionize African Banking Services
With its disruptive technology DafriBank aims to push the boundaries in the African banking community to offer top-class digital banking services that will help many companies uncover the real value of their businesses.
10/16/2020
Standard Bank lending to fossil fuel industries stands at $4 billion
The bank’s climate-related financial exposures report gives the fullest picture yet of its lending to fossil fuel industries.
10/16/2020
BoA named Top Performer CSR 2020
BoA, distinguished for the 7th year in a row, improved its score compared to 2019.
10/16/2020
First Bank CEO appointed into Bretton Woods Committee
First Bank CEO has been honoured with membership of Bretton Woods Committee (BWC).
10/16/2020
Equity ranks position 7 in the list of top 10 banks in Africa
The impressive performance registered during an interest capping period was driven by a 23% growth in loan book to Ksh.366.4 billion from Ksh.297.2 billion in 2018.
10/16/2020
Capitec customers can now buy shares through its banking app
Existing EasyEquities clients can easily sign-in and link their accounts. New clients can follow the registration process and then start investing, Viviers said.
10/15/2020
Banks forecast private credit growth slowing to 6.9 percent
Large banks’ (tier one) had a loan book of Sh2.332 trillion by end of June, equivalent to 80 percent of the entire banking sector’s loan book—meaning they effectively control the formal credit market.
10/15/2020
Africa’s Biggest Bank Is Bulking Up to Fend Off Fintech Rivals
Lender to continue high IT spend to keep up with competitors
10/14/2020
Zimbabwe's debt stifling its economy
This has pushed Zimbabwe's external debt to $4.8 billion.
10/14/2020
Choppies owed banks, suppliers Sh1.2bn on exit
The Botswana owners have also committed to personally pay 72 million Botswana Pula (Sh681 million) if further Kenya debts materialise.
10/14/2020
Banks assist 84% of South Africans who applied for financial assistance
Basa collects data on credit agreements between banks and their customers.
10/14/2020
Equity Bank makes to top 10 best lenders in Africa
The lender was ranked position 52 and 54 in 2018 and last year respectively
10/14/2020
PostBank Unveils Campaign To Boost Digital Banking & Safety Among Customers
COVID-19 is a global pandemic brought about by the coronavirus which has killed over 1 million people and spread to over 30 million people worldwide.
10/13/2020
Family Bank offers private schools Sh3m loan for key utilities
The financing is open to private schools registered by the Ministry of Education with at least three years in operation. The financing allows buy-off and consolidation of existing facilities.
10/12/2020
Union Bank gets $40m IFC facility to boost trade finance in Nigeria
Union Bank also explained that the facility will enable the continued flow of trade credit into the Nigerian market at a time when imports are critical, and the country’s exports can generate a much needed foreign exchange.
10/12/2020
Access Bank leads crusade against fraud, fraudsters
Thanks to online banking, paying for goods and services is much easier than ever before.
10/09/2020
Nigeria’s Ade Ayeyemi is banking on change
Either Ayeyemi is an extraordinarily good diplomat or he genuinely enjoys the company of journalists.