02/07/2014
As Nigeria continues to chart the economic growth course, International financial affairs publication The Banker has named three Nigerian banks on its latest Brand Finance Banking 500 ranking.
02/06/2014
SA's unsecured lender African Bank warned of a sharp fall in first-half profits on Wednesday, hit by rising bad loans as debt-laden consumers struggle to meet their payments.
02/06/2014
Ecobank Transnational Incorporated has been declared the most valuable brand in Africa – outside South Africa
02/06/2014
The financial services provider hopes to restart its expansion plans into the African continent and says this time Kenya could be the place to begin.
02/06/2014
South African lender FirstRand invested $400 million in Ghana last year, and is re-evaluating the business case for opening operations in Kenya, its chief executive said.
02/05/2014
Nigeria's Guaranty Trust Bank will open its outlets over the weekend and even deliver cash at home for Kenyan depositors
02/05/2014
Barclays Plc’s South African unit said full-year earnings will probably increase as much as 20 percent after the group expanded into the rest of the continent.
01/31/2014
African Bank Investments Ltd., South Africa’s largest provider of unsecured loans, said it’s in partnership talks for its Ellerine Holdings Ltd. furniture unit as part of a three-year turnaround plan for the bank.
01/30/2014
Zimbabwe adds four Asian currencies
Trade remains anchored in US dollar and the South African rand
01/29/2014
Ghana: Shortage of dollars hits commercial banks
The situation has also affected most businesses that need the dollars for their transaction.
01/27/2014
Diamond Bank plc has entered into an agreement with the African Guarantee Fund to support the bank’s lending to Micro Small and Medium Scale Enterprises in West Africa to the tune of $25 million.
01/23/2014
This means that GT Bank will have a good percentage of the US$338 million Fina Bank’s assets and operations in Kenya, Rwanda and Uganda, but it is also expected that GT bank will not change with the current management of Fina.
01/20/2014
Standard Chartered opens corporate bank in Angola
Standard Chartered Bank Angola, which was awarded a licence to operate in 2013 as a corporate and retail bank in Angola
01/17/2014
Swiss-based bank holding company to create subsidiary in Benin
It will consolidate its presence on the West African market.
01/16/2014
The scope for banks to expand into South Sudan could be huge as there is no banking at all in most rural areas of the country of 11 million people.
01/15/2014
The major financial players of Angola’s oil-led economy are attempting to diversify the nation’s business and benefit the community, an effort best characterised by Banco Angolano de Investimentos
01/13/2014
Johannesburg-based lender, Nedbank Group will leverage on a 2008 alliance with pan-African banking group, Ecobank Transnational Inc. to explore investment opportunities in East Africa’s banking sector.
01/13/2014
Six Banks Maintain Market Dominance
The market share of the Nigerian banking industry remained largely dominated by six banks as at the end of June 2013, a report has revealed.
01/12/2014
Competition Authority of Kenya will before the end of this month hire a consultant to conduct a market inquiry into the banking sector.
01/09/2014
She advised the business community to develop the culture of transacting business with cheques and reduce the usage of large cash