09/05/2023
South Africa’s middle class is getting crushed
Across most credit metrics, the number of defaults and overdue balances continued to increase against the backdrop.
Retail Banking
09/05/2023
M-Pesa Brings Banking Innovation to Mobile with Standing Orders
Details like the launch date and setup process are still unclear.
09/04/2023
How much big South African banks make from fees
MyBroadband recently analysed the fees charged by South Africa’s major traditional and digital banks.
09/04/2023
FG Targets Domiciliary Accounts in Zenith, Access Bank, UBA, Others And Nigerians With Funds Abroad
Vanguard reports that Edun said there is a substantial source of Forex in Nigeria via domiciliary accounts and foreign accounts owned by Nigerians.
09/01/2023
Top 10 Best Banks For Business Accounts In Nigeria
This article explores the 10 best banks for business accounts in Nigeria based on factors like fees and charges, variety of account types, business services and overall customer satisfaction.
09/01/2023
Kenya banks’ lending to parent firms abroad up 61pc
Banks with common majority shareholders often collaborate and may lend to as well as borrow from one another.
09/01/2023
KMRC taps Sh3bn AfDB, World Bank loans
This is part of the access to the 309-million-euro credit lines offered by the two financiers in 2020.
08/31/2023
Absa to offer high-value loans on mobile platform
The platform currently offers mobile loans of up to Sh150,000 with a 30-day repayment period.
08/31/2023
South Africans can’t live without their credit cards – but there’s trouble on the way
Personal loans also moderated slightly from 7.3% in June to 6.4% in July.
08/30/2023
Banks half-year profits defy tough times to hit Sh156bn
The half-year earnings, which are higher than the Sh112.8 billion that was booked in the 2020 full-year, mark a monthly average of Sh26 billion, helped by increased interest and non-interest income.
08/30/2023
ABSA Records Sh8.3bn After Tax Profit In Half Year Financial Report
In its financial report for the period January 1 to June 30, Absa says its Customer deposits increased by 18 percent in the six months to Sh333 billion
08/30/2023
South Africa’s new payment system is now on TymeBank – and it’s free
PayShap is also automatically enabled for all TymeBank customers, and there is no need to register a ‘ShapID’ using a cellphone number.
08/30/2023
‘Our Focus Is To Revolutionize African Banking For Next Generation”- CEO OjirehPrime
Noteworthy is OjirehPrime’s unwavering dedication to delivering an unmatched banking experience, complemented by top-tier customer service and a commitment to fee-free banking.
08/29/2023
Fidelity Bank records highest earnings per share on the NGX for H1 2023
A higher EPS indicates greater value because investors will pay more for a company’s shares if they think the company has higher profits relative to its share price.
08/25/2023
Gulf Africa Bank launches latest branch in Eastleigh
The branch is equipped with digital infrastructure such as the cash Deposit machine that allows customers to bank cash without the help of a teller.
08/24/2023
KCB profit falls to Sh15bn on higher costs
Net profit retreated to Sh15.5 billion from Sh19.5 billion posted in the preceding similar period as the ramp-up in provisions overshadowed earnings from the mainstay business
08/23/2023
Access Bank Ghana Records Impressive First-Half Performance
Additionally, the bank's total assets saw substantial growth, from GH¢ 8,602 million to GH¢10,369 million over the same period.
08/21/2023
Banks oppose plan to raise large cash reporting threshold to Sh2.1m
Retain the cash limits at $10,000 or equivalent in other currencies as opposed to the $15,000 or equivalent in other currencies
08/18/2023
South Africa's Standard Bank posts 34% jump in interim profit
The lender posted a headline earnings per share of 12.8 rand for the six months ended June 30, up from 9.55 rand a year earlier
08/17/2023
South Africa's top online retailer braces for battle with Amazon
Takealot launches 1-hour delivery as Amazon entry expected