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.
Retail Banking
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.
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.
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.