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Retail Banking

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.

07/20/2020

Heritage Bank upgrades HB ‘Padie’ Mobile App for easy access to banking services

HB ‘Padie’ 2.0 combines digital transactions and community lifestyle payments that empower customers with the power to build their world and perform digital transactions how they want.

07/20/2020

Nigerian banks to limit debit card spending abroad to ease FX risk

Other lenders — Ecobank and Fidelity Bank — have also lowered withdrawal limits for individuals while abroad.

07/20/2020

FNB will no longer email bank statements – Here is what other banks are doing

As part of our ongoing measures, FNB will minimise the distribution of monthly statements via post and email.

07/17/2020

AfDB to provide $400 million of $16 billion in largest private investment in Africa

When the project is completed total expects Mozambique to earn up to $50 billion in Natural gas

07/16/2020

Ecobank Group Named Africa's Best Bank for Corporate Responsibility by Euromoney

Ecobank's Corporate Responsibility primarily concentrates on the three key areas of health, education and financial inclusion.

07/16/2020

Euromoney Awards for Excellence 2020 Africa winners revealed

Equity Bank takes the region's best bank accolade in this year's Euromoney Awards for Excellence.

07/15/2020

Ecobank Group named Africa’s Best Bank for Corporate Responsibility by Euromoney

Euromoney recognises Ecobank’s focus on sustainability and partnerships and its core capabilities in delivering positive social and environmental outcomes across Africa

07/15/2020

Nedbank: Banking sector has supported this economy, we don't need more intervention

Some of the interventions it proposed included ensuring increased competition in the banking sector and accelerating the establishment of a State Bank.

07/15/2020

Absa regional operations’ data analytics team wins at Retail Banking International Awards

Customer360 tackles the issue of data availability in banking, especially in emerging markets, where many of the continent’s citizens are unbanked.

07/15/2020

South African banks mull how to avoid debt defaults when pandemic relief ends

In point of fact, over the recent months, the S. African lenders had supported their customers with pandemic

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