04/01/2018
Four banks generate N49 billion from maintenance charges in 2017
The four banks are Zenith Bank Plc, Guaranty Trust Bank Plc, Access Bank Plc and United Bank for Africa Plc.
Retail Banking
03/30/2018
Mauritius bank acquires Kenya’s Chase Bank
The move to dispose the bank to SBM marked a milestone both for CBK, in ensuring that a bank staring death in the face was resuscitated, and for KCB, for being the first bank in Kenya to successfully rehabilitate a troubled financial institution.
03/28/2018
Gulf African bank introduces paperless banking system
Gulf African Bank has introduced a paperless banking technology that will keep paper out of the transaction equation as the bank seeks to fully automate its branches.
03/27/2018
Capitec growth steers it closer to 10 million customer mark
“The simplicity of our product, process and service experience has stood the test of time.”
03/22/2018
Steward Bank selects NetGuardians to strengthen cyber-fraud defences
NetGuardians’ financial-crime solution allows Steward Bank to continuously monitor in real time all transactions across all its channels, including ebanking, and mbanking.
03/21/2018
Uganda: Bank of India Could Exit Ugandan Market
The Asian lender has a market share of less than four per cent.
03/20/2018
Diamond Bank targets 1m new accounts
Diamond Bank, in partnership with Women’s World Banking with support from Financial Sector Deepening Africa (FSD Africa) funded by United Kingdom government, worked with Gamsole, Commonwealth (formerly D2D Fund) and Microsoft to open the new window
03/20/2018
Nedbank seeks to fund private sector
The financial institution, formerly MBCA Bank, seeks to become one of the top tier banks in the country and this will be driven by its quest to fund the private sector and the emerging small to medium enterprises sector.
03/19/2018
United Bank for Africa and Nexttel partner to launch mobile money service in Cameroon
United Bank for Africa and Nexttel partner to launch mobile money service in Cameroon Monday 19 March 2018 | 10:49 CET | News The United Bank for Africa (UBA) has partnered with Viettel's subsidiary in Cameroon, Nexttel, to launch mobile money servic
03/19/2018
There’s no such things as a guaranteed quick investment
At the point where there are more existing investors than new investors, the scheme collapses and all monies invested, are lost.
03/12/2018
South African lender set to dominate Nigerian banking sector
The planned entry which was made public last week by Barclays Africa group has been described by industry watchers as a welcome development.
03/08/2018
Kenya: HF Signs Sh1.5 Billion Credit Facility With Arab Bank
The Arab Bank for Economic Development in Africa Director General Sidi Ould says the new credit line, which is as part of the firm's program for financing private sector operations.
03/08/2018
BoG dismisses uniBank takeover of adb
The Central Bank approved the sale of the two banks after they were found to be financially distressed, but it has denied authorising the takeover of adb.
03/08/2018
Standard Bank’s earnings growth puts it in first place among big four
Standard Bank grew its total income by 5.2% to R128bn and its attributable profit by 18% to R26bn.
03/06/2018
National Bank Kenya Considering Branch Closures to Cut Costs
Banks have closed at least 39 branches and cut 1,620 jobs since the caps were announced in August 2016
03/02/2018
Barclays Africa lifts profit, looks to Nigeria for growth
Reports profit up 3.9 pct and net interest income up 1 pct
02/26/2018
Access Bank wins Euromoney’s award
The Award is given to honour firms that have proven to be leading providers of exceptional commercial banking services and have also shown outstanding contribution to the banking sector.
02/22/2018
Access Bank Ghana Ranks as 2017 Most Influential Bank on Social Media
Following keenly is debutant, Beige Bank whose accounts are mainly reserved for banking purposes and maintains the highest number of following by a bank across Social Media in Ghana.
02/20/2018
Capitec CEO says bank `back to normal' after Viceroy target
It went from a small unsecured lender in the Stellenbosch winelands into the country’s second-biggest retail bank.
02/16/2018
Stanbic Bank targets firms with e-Biller
The system will process invoices and generate payment instructions for firms, working as an efficient alternative for billing, reconciliation, and payment.