10/06/2022
World Bank downgrades Kenya's growth to 5 percent
The bank said noted the slowdown in economic activity reflects weak private consumption associated with a contractionary monetary policy on the back of high inflation.
Retail Banking
10/06/2022
Stanbic, dfcu appears among the top 20 banks in East Africa
The annual survey ranks Africa’s banks according to their Tier 1 capital.
10/04/2022
Shift as businesses turn to South Africa’s major retailers for loans and financing
An affordable financing product with an all-inclusive interest rate and no additional fees
10/04/2022
Afreximbank launches Afreximbank Trade Payment Services
AfPAY, which has been in a pilot phase for over a year, currently facilitates over half a billion dollars in monthly payments across African member states.
10/04/2022
UBA Foundation Receives Leadership Award In Corporate Social Responsibility
It is fundamental for people and organisations to give back.
09/30/2022
eBucks boost for FNB customers
FNB is also providing qualifying customers unlimited complimentary access to SLOW Airport Lounges, the ability to earn 10% back in eBucks with QuickBus, which is available on the FNB App for booking bus trips with major bus operators.
09/30/2022
3 big changes Capitec customers can expect in the coming months
“We build our bank around our client’s needs at an affordable cost – not around how other banks are doing business,”
09/29/2022
Egyptian Banking Institute expands training programmes in Egypt, Africa during FY2022
In continuation of the EBI’s role in supporting the development of human capital in the African banking sector
09/29/2022
Capitec reports surge in customers, hikes dividend on strong growth
Lending income grew by 13% to R8.0 billion, net credit life insurance and funeral plan income grew by 64% to R1.5 billion, and net transaction income (including net foreign currency income) grew by 8% to R5.6 billion, the bank said.
09/29/2022
One of the USA’s biggest retail brands is coming to South Africa
Circle K vice president Pat Fitzpatrick said that South Africa presents Circle K with “compelling opportunities for growth” as the brand continues to expand in global markets.
09/29/2022
ProvidusBank, Mastercard, Interswitch, Thales Launch Contactless Tap-to-Pay Transactions via Smart Devices in Nigeria
All Mastercard transactions are made with industry-standard EMV-level security and are protected using standards-based payment tokens.
09/28/2022
Equity has emerged as the Best Bank in COVID-19 Response and SME Financing at the 2021 SFI Catalyst Awards
Additionally, the Bank restructured loans and offered loan repayment moratoriums to its customers enabling them to restructure, retool and repurpose.
09/28/2022
East Africa’s Top Banks in 2022
Ethiopian banks have improved their performance in our annual survey of Africa's Top Banks, but the East African banking sector shows signs of weakness.
09/28/2022
Absa Group projects ¢12 to a dollar end-year rate
Ghana commenced formal talks with the International Monetary Fund on Monday, September 26, 2022.
09/27/2022
Absa Bank Kenya taps Huawei for digital transformation
The tie-up will see Huawei support the creation of a platform to support the bank’s digital transformation.
09/26/2022
Bank costs fall on digitisation and higher interest income
Lenders have been leveraging on digitisation to cut overheads, and at the same time increase their non-funded income through the fees that use of these alternative banking channels generate.
09/26/2022
Herbert Wigwe: Steering Access Corporation’s Sustainable Growth
Its profit before tax rose marginally by 0.42 per cent to N97.791 billion from N97.379 billion reported in 2021.
09/23/2022
Co-Op Bank Tops In The 2021 Sustainable Finance Initiative Awards
Co-operative Bank also led in the category of the Most Innovative Bank
09/23/2022
KCB shareholders have approved the acquisition of Trust Merchant Bank SA in DRC
With an insurance subsidiary called Affrissur SA, the transaction will provide a good platform for KCB to diversify its offerings in the region.
09/22/2022
UBA to begin cross-border transactions with PAPSS in Q4
The six countries selected for the first phase of documentation and pilots are: Nigeria, Ghana, Sierra Leone, Guinea, Liberia and Gambia.