10/08/2019
African Development Bank and partners launch pilot Cities Diagnostics tool in five cities
The tool includes key environmental and urban sustainability indicators as well as disaster risk and vulnerability, and urban footprint growth
Retail Banking
10/08/2019
The biggest banking scams in South Africa
Clients are called and cohered into divulging sensitive information pertaining to their banking profile, bank cards or passwords which are in turn used to commit fraud against the clients’ accounts or access their banking profiles.
10/08/2019
Two international firms expand their global footprints
South Africa and Kenya are both sizable economies, but they’re also gateways into other sub-Saharan markets.
10/07/2019
Mobile-Based Lending Is Huge in Kenya: But There’s a Downside Too
It is no surprise, therefore, that technology and unregulated lending have developed together so strongly in Kenya.
10/07/2019
KCB sees drop in NBK- led dud loans next year
Bad loans at NBK have grown from Sh2.2 billion in 2012 to Sh32.4 billion by the June this year.
10/07/2019
Kenyans with Sh100,000 in bank fall to 13-year low
The drop comes in a period when corporate Kenya has witnessed reduced profitability that has ushered in job cuts
10/04/2019
Mobile-based lending is huge in Kenya: but there’s a downside too
These lending services have been made possible by the ballooning financial technology (fintech) industry.
10/04/2019
Nigeria: Improving the Card Payment Space
Stakeholders in the card payment space have argued that despite the increased number of online payment gateways in Nigeria, market regulators have not made impressive efforts to mitigate the challenges caused by technology disruptions.
10/04/2019
Union Bank Secures $200m to Fund SMEs and Women Initiatives
Union Bank has been consistent in providing innovative services where SMEs can access up to $20,000 per quarter for importation without opening Letters of Credit or Bills for Collection under the Form Q scheme.
10/02/2019
Banks grapple with falling net interest income
Specifically, Zenith Bank’s H1’19 net interest income fell by 7.43 per cent to N142.52 billion from N153.96 billion in the same period of last year.
10/01/2019
Stanbic Bank is CIMG Bank of the Year 2018
Commenting on the award, Chief Executive of Stanbic Bank Ghana, Alhassan Andani, said to be recognized as bank of the year in a year that was particularly turbulent for the banking sector is a huge endorsement.
10/01/2019
Standard Bank scoops 9 awards at Sibos conference
Group Head of Transactional Products and Services for Standard Bank Group Hasan Khan said they were pleased to have received these awards which served as recognition of the lender’s Africa-focused strategy, and bears testament to their role in conti
09/30/2019
Côte d'Ivoire and Kenya named rising stars of global trade
African economies come first and third in the Standard Chartered Trade20 Index, which identifies the markets with the greatest potential for future trade growth
09/30/2019
GTBank announces close period ahead of Q3 2019 results
A close period is a period before the release of a company’s result or financial statement when of course, those with sensitive information are not allowed to trade on the stock.
09/30/2019
Faulu plans Sh113m branch expansion
“Such partnerships facilitate scalable business models while leveraging economies of scale in our operations.” said managing director Apollo Njoroge.
09/29/2019
Afrexim Bank to open East Africa branch in October
The agreement also guarantees Afrexim and its senior officials diplomatic immunity in dealings in Uganda.
09/29/2019
CBK announces merger of CBA and NIC banks
CBA has been operational for over 50 years and is wholly owned by a group of institutional and individual investors with extensive business interests in Kenya and East Africa.
09/27/2019
African Development Bank to host first West Africa Fertilizer Financing Forum
The Forum, “Fostering Fertilizer Future” will discuss the financing needs of the fertilizer value chain and appropriate financing products
09/27/2019
First Bank targets 500,000 agents to boost banking
We have a very ambious plan to appoint about 500,000 agents across the nook and cranny of our country
09/26/2019
Capitec is adding 200,000 customers each month
Dividends per share increased by 20% to 755 cents per share, from 630 cents per share in the prior corresponding period, the bank said.