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
01/09/2014
Overexposure and bad management practices are responsible for the dire straits in which Merchant Bank Ghana finds itself, the Majority group in Parliament has said
01/09/2014
Advans Ghana Savings and Loans Limited has revealed plans to expand its clientele base this year in order to strengthen its position within the financial sector.
01/07/2014
Zenith Bank closes 2013 as most capitalised banking stock
Market operators said the emergence of Zenith Bank as the number one stock was expected given the high patronage the equity enjoyed due to its impressive financial performance that attracted international recognition.
01/06/2014
In Africa, small women-owned business owners find it easier to obtain loans than their male counterparts.
01/06/2014
KCB Bank Rwanda Ltd. plans to focus this year on restructuring bad debts to almost halve the default rate in line with a regulatory requirement, said George Odhiambo, the head of retail banking.
01/06/2014
First Bank, Nigeria's premier bank, said it had successfully re-certified its processes to the latest International Organisation for Standardization Information Security Management Systems.
01/06/2014
Access Bank is Nigeria’s fourth largest bank in terms of assets, according to its website. It held total assets of 1.745 trillion Nigerian naira ($10.99 billion) at the end of 2012.