03/30/2015
FirstBank Named Best Retail Bank In Nigeria
First Bank of Nigeria Limited has been named “The Best Retail Bank in Nigeria” at the just concluded Asian Banker International Excellence in Retail Financial Services Awards in Singapore.
Retail Banking
03/30/2015
Trailblazers in banking far ahead of rivals
THE financial services industry has a reputation for innovation. Along with Morocco and Egypt, SA has set a benchmark for Africa.
03/27/2015
Barclays Africa Group Plans To Acquire Unity Bank Of Nigeria
Barclays Africa Group Limited has expressed an interest in acquiring Unity Bank PLC
03/26/2015
Republic Bank submits offer to HFC Bank
Republic Bank Limited says it has received the approval of the Securities and Exchange Commission to its Offer Document to HFC Bank
03/26/2015
Capitec looks set to rival big four banks
Capitec’s incredible share price growth dwarfs that of the other banks.
03/26/2015
National Bank of Canada Purchases an Equity Stake in the African Financial Group NSIA
West and Central Africa remain under-served in terms of financial services and have strong growth potential, with a population of more than 490 million inhabitants.
03/25/2015
Nigeria’s Skye Bank to Raise Up to $500 Million for Liquidity
Nigeria’s Skye Bank Plc, a lender deemed systemically important by the West African country’s regulator, will sell as much 100 billion naira ($500 million) of debt to improve its liquidity.
03/24/2015
Jonathan Launches Development Bank of Nigeria
He stressed that existing developmental institutions in the country included the Bank of Industry
03/20/2015
SA banks urged to lend responsibly
The chairperson of the Portfolio Committee on Trade and Industry, Joan Fubbs, says the banking sector must lend money in a responsible way that will not contribute to consumers drowning in debt
03/20/2015
SocGen to buy majority stake in Mauritius Commercial Bank Mozambique
French bank Societe Generale said on Thursday it had agreed to buy a stake in Mauritius Commercial Bank Mozambique (MCBM) as part of its strategy to tap strong growth in Africa
03/20/2015
Our operations are still solid – HFC Bank
The development resulted in its share price losing some value
03/19/2015
Societe Generale becomes shareholder in MCB Mozambique
Mauritius Commercial Bank Group and Société Générale signed an agreement on 18 March for Société Générale to become a shareholder in the Group’s Mozambique branch
03/17/2015
Kenya Commercial Bank Targets 30% Gain in Mobile Transactions
The bank on March 10 began a partnership with Safaricom Ltd., East Africa’s biggest mobile network operator, to offer paperless banking accounts, known as KCB-Mpesa.
03/17/2015
Cameroonian group Afriland First Bank enters insurance market in Cote d’Ivoire
The goal is to replicate what it has done in Cameroon
03/16/2015
Nigerian banks: Resilient despite economic meltdown
“Nigerian banks are robust and strong enough to take losses”
03/16/2015
UAE banks branch out abroad as home market gets crowded
UAE banks may have been posting double-digit growth in net profits, but they are on the prowl for assets outside their home turf to diversify from the competitive home market
03/15/2015
Chanakira’s Botswana bank insolvent
Nigel Chanakira’s Kingdom Bank Africa Limited is technically insolvent, with liabilities of $19 million against assets worth $5,2 million, a report by the bank’s temporary manager has shown.
03/13/2015
Why Customer Base Expansion Isn’t Standard Bank’s 2015 Target
Competition in South Africa is fierce.
03/11/2015
Indian expansion approval for Africa’s largest banking group
Africa’s largest banking group by market value, said it will expand in India after receiving regulatory approvals
03/10/2015
FirstRand eyes India expansion as law changes for bank investors
FirstRand is considering converting from a branch to a subsidiary license