09/16/2014
Qatar National Bank has acquired a further 11 percent stake in Ecobank Transnational Incorporated in a deal worth $283 million, making it the pan-African lender's largest shareholder.
09/16/2014
The Board Chairman of FirstRand Bank of South-Africa, Laurie Dippenaar, has said that the business case to acquire Merchant Bank Ghana last year was not a good one, as the assessment of returns on the transaction fell short of the bank’s expectation
09/15/2014
The frenetic move for new investors, according to sources, will not only free the affected banks from AMCON, but will also generate working capital for banks in view of the emerging financial requirements of industry players.
09/15/2014
We are there to support [African Bank] and make sure there is a resolution process which is well managed
09/14/2014
The Ghana Commercial Bank Limited GCB has launch a new brand identity of the bank which marks beginning of the next generation GCB with a new image of a dynamic force in the banking industry in Ghana.
09/11/2014
Nigeria, Egypt and Ethiopia offer some of the best opportunities for retailers looking to invest in Africa
09/11/2014
MetropolitanRepublic has issued a statement announcing the closure of its Cape Town office.
09/10/2014
Nedbank Group Ltd., the South African lender controlled by Old Mutual Plc, said it remains committed to its partnership with Ecobank Transnational Inc., even after the Togo-based firm sold a stake to a Qatari bank.
09/10/2014
As rising interest rates and tight liquidity conditions push Nigerian banks to the international debt market, Obinna Chima examines the risk the trend portends for the system
09/10/2014
Diamond Bank Plc has opened a flagship centre to cater for the needs of its retail customers.
09/09/2014
FirstRand Ltd., Africa’s biggest bank by market value, is setting aside 10 billion rand for expansion across the continent as profit increases from regions outside its home market of South Africa.
09/08/2014
Ecobank Nigeria has sealed a deal for a $20 million credit line from the Brazilian Development Bank.
09/08/2014
Diners Club is heading into the fast-growing economies of Nigeria, Mozambique and Angola,
09/07/2014
The first quarter of 2015 has been set as the deadline for the switch to Basel II. Dr John Mangudya, RBZ Governor, indicated this in his recent maiden policy statement.
09/07/2014
Acheampong added the mergers would help banks to grow, integrate and expand their business.
09/07/2014
Barclays Bank of Kenya has revamped its Busia branch into an ultra-modern facility, in a move aimed at supporting seamless cross-border transactions.
09/05/2014
This deal is much much bigger than a Qatar bank taking a stake in Ecobank
09/04/2014
Nedbank has till November 25 to decide whether to exercise an option to convert its loan to Ecobank in 2011
09/03/2014
Ghana Bank Buys German Financial Firm
After the merger Fidelity will have a branch network of 80, 96 ATMs, 300 agencies and more than 700,000 customers across the country
09/02/2014
The Old Mutual-owned personal financial management service will no longer charge a monthly subscription fee.