07/27/2020
Banks to lend less to private sector, says KCB
The business environment remains fragile, evidenced by the gross non-performing loans ratio.
Retail Banking
07/27/2020
Stanbic Bank scoops award at Euromoney event
The award makes it their second win with the Global Institution.
07/27/2020
Somalia: African Development Bank grants of $25 million will bolster budget for COVID-19 responses
The funding comes under the umbrella of the Bank’s COVID-19 Response Facility
07/27/2020
FBNBank Ghana scaling up agent banking
The Managing Director of FBNBank Ghana, Victor Yaw Asante announced that its network of agents will present a convenient and comfortable alternative for customers that require simple and easy to use digital channels.
07/27/2020
Standard Chartered Bank Explains Support to Fight against COVID-19
The phase 2 will see the donation of $25 million supporting economic recovery and protecting livelihoods. It is intended to address the impacts which go far beyond the need for emergency relief.
07/24/2020
Covid-19 spurs domestic bank M&A in Africa
The coronavirus pandemic is intensifying the case for domestic bank M&A in Africa, but cross-border deals will be challenging to execute.
07/24/2020
Orient Bank sale will ensure growth – Management
I&M Holdings is part of I&M group which comprises of banking entities in Kenya, Tanzania, Mauritius, and Rwanda.
07/23/2020
Equity Bank gets Ksh 5b IFC loan to support SMEs
“IFC’s loan, part of our business continuity management plan, will help Equity Bank extend much-needed support to our clients, particularly to SMEs in sectors hit hard by COVID-19.“
07/23/2020
Banks shun seized asset auctions on low bid prices
Sluggish economic activity, which has worsened in the wake of Covid-19, has created a growing pool of distressed borrowers whose assets are being seized by newly aggressive lenders.
07/23/2020
A Cashless Economy: Forms And Major Benefits
This is good for the economy, as it will improve productivity and facilitate a reduction in some of the longstanding inequities of a geographical nature within the population.
07/23/2020
South Africa: African Development Bank approves first ever crisis response budget support of R5 billion to fight COVID-19
South Africa confirmed its first case of COVID-19 on 5 March 2020 and is currently the most affected in Africa, and among the top five in the world in terms of confirmed cases
07/23/2020
First Ever Crisis Response Budget Support Of R5 Billion To South Africa Approved By African Development Bank To Fight COVID-19
The operation is designed as a Crisis Response Budget Support Operation prepared following a request from the government of South Africa.
07/23/2020
Euromoney Awards for Excellence: Best Bank in Mauritius
Seven in a row for Mauritius Commercial Bank (MCB)
07/22/2020
Co-op to pump more capital into Jamii Bora after buyout
Their concerns follow Jamii Bora’s multi-year losses that have eroded its capital base, prompting it to search for a rescue buyer.
07/21/2020
Nigerian lender Access finalises Transnational buyout in Sh1.4bn deal
Access Bank is listed on Nigerian Stock Exchange since 1998 and is the largest lender in West African country with assets worth Sh1.17 trillion.
07/21/2020
Nigeria: Former Diamond Bank CEO introduces new digital banking platform
Sparkle, a smartphone enabled platform, offers many traditional banking products – providing loans, enabling savings, shopping transactions, paying bills, buying airtime, and sending money to third parties.
07/20/2020
Ghanaian banks rated ‘above average’ and score better than those in the UK, US News Ghana
The bank quality rating system on which the database is anchored uses a heuristic methodology to analyse the signals that banks are sending out in their annual reports
07/20/2020
South Africa’s banking sector is dominated by 5 names – who control almost 90% of all assets
Total banking sector assets grew by 16.36% year on year, to R6.6 trillion at the end of March 2020 (March 2019: R5.7 trillion).
07/20/2020
CEO of Ghana Bankers Association, Daniel Ato Kwamina Mensah is dead
The Ghana Bankers Association recently announced that he was set to retire this year after years of service with the Association.
07/20/2020
Co-op Bank acquisition triggers Jamii Bora row
Mr Kabiru responded to the shareholders on June 30 saying that Jamii Bora was not obliged to provide most of the information requested.