09/22/2022
First Bank to suspend int’l transactions on naira cards Sep 30
The development comes on the back of foreign exchange scarcity — affecting key sectors — which the country is currently battling.
Retail Banking
09/21/2022
We've helped build Kenya's payments ecosystem
Now, the firm is looking to strengthen its market position in Kenya’s payments ecosystem with setting up a domestic switch later this year.
09/20/2022
South Africa’s biggest banks are changing course – but economists are worried
Underpinned by strong transactional activity and revenue growth across product lines, industry sectors and banking franchises, combined headline earnings grew 19% (R48.3 billion) when compared to the year before, said PwC.
09/19/2022
Battle of the banks 2022: Capitec vs Standard Bank vs FNB vs Absa vs Nedbank
Referred to as the ‘big five’, these firms go beyond retail offerings
09/19/2022
MPR Hike: 13 Banks Generates N2.04trn Interest from Customers Loans, Securities investment
The MPR was moved to 14 per cent in July 2022.
09/19/2022
We’ll Expand Services Beyond Africa To Increase Capital Inflow Into Nigeria — UBA
He emphasised the digital strategy of the Exchange and its commitment to leveraging technology to drive retail participation and increase liquidity in the market.
09/16/2022
Banking transactions show slow recovery in SA
Economic growth in the third and fourth quarters of the year will fall below 1%, according to central bank forecasts.
09/16/2022
UBA: We’ll continue to expand services beyond Africa, increase capital inflow into Nigeria
The bank has a future and we will continue to ensure that the shares of UBA continue to grow.
09/16/2022
UBA Eyes Increased Strategic Investment Across Africa
The new group managing director of UBA, Oliver Alawuba stated this at the Bank closing gong ceremony on the floor of the Nigerian Exchange (NGX) Limited.
09/15/2022
Banking Transactions Show Slow Recovery in South Africa
Transactions index fell for a third straight month in August
09/15/2022
Africa’s payments startups are about to face competition from a Brazilian unicorn
“Flutterwave provides technology, infrastructure, and services to enable global businesses, payment service providers and Pan-African banks to accept and process payments on any channel (Web, Mobile, ATM & POS)”
09/14/2022
Orange and Cellulant expand money transfer options for Botswana bank customers
The sender does not need to have an Orange Money account; they are only required to have a registered Orange SIM card.
09/13/2022
Banks in South Africa are hiring for these tech jobs right now
He said that more products have called for a larger pool of tech and data experts.
09/09/2022
UBA Delivers N70 Billion Profit In H1 2022, Up By 16%
The interest expenses was valued at N79.9 billion in the first half of 2022 from the N74.6 billion in the first half of 2021 as the banks recorded more deposits from customers during the period while the net interest income stood at N177.46 billion.
09/08/2022
“Africa has a Fever” – Former United Nations (UN) Secretary General Ban Ki-moon
He said Africa was resolute about its economic advancement and would not stop. “Adaptation in Africa is like climbing a mountain.
09/08/2022
Ecobank Group’s RapidCollect™ Enables Businesses to Collect Their Payments Across Africa with Only One Account
It provides a fast, innovative, secure, and reliable solution for our customers which leverages the collective scale and strength of our 33-country pan-African network.
09/07/2022
Banks take gradual steps to risk-based lending
Some lenders charged as high as 16.4 percent for business loans in June, and 16.8 percent for overdrafts, while the rates on personal loans rose by up to 2.4 percentage points to 14.3 percent.
09/07/2022
Discovery Bank cheers customer growth – but still delivers R990 million loss
Discovery Bank, however, recorded an operating loss for the financial year of R990 million, although it was 10% lower than the previous financial year.
09/06/2022
African Bank launches new loyalty programme for customers
The group has partnered with Loylogic, a loyalty and engagement solutions specialist, and loyalty marketing business, Pinnacle Rewards
09/06/2022
HSBC names new team of dealmakers for private markets drive
A slump in equity capital markets deals in 2022 has made private markets teams more integral to banks