05/31/2022
The International Banker 2022 Middle East & Africa Awards Winners
The South African Reserve Bank raised its benchmark repo rate by 25 basis points in March to 4.25 percent, the third straight rate hike, due to increased inflation risks.
Retail Banking
05/30/2022
Bank accounts reveal Kenya’s pay inequality
The devolved system of government, which took off in 2013, raised hopes of addressing the economic imbalance
05/30/2022
First Bank Reiterates Commitment To Creating Wealth For The Unbanked
For over 128 years of First bank’s continuous unbroken operations, many more economic cycles, and industry transformations whilst reinventing itself many more times than any financial institution on the continent. https://tribuneonlineng.com/first
05/27/2022
African Bank pursues SME market with purchase of Grindrod Bank
Purchase of all of Grindrod for R1.5bn is intended to speed up entry into business banking market
05/26/2022
African Bank profit well up as it moves to improve retail and business banking
Improved profitability was also due to increased income earned on loan disbursements, which were up by 89 percent to R6.35bn.
05/26/2022
Absa Kenya's profit hits KSh 3b in first quarter of 2022
Absa Bank Kenya revenue grew by 12% to KSh 9.9 billion driven by the net interest which increased by 15% to KSh 6.9 billion
05/26/2022
‘Banks can’t achieve 95% financial inclusion goal without secure technology’
The main goal of the NFIS is to ensure that 80 per cent of Nigerian adults are financially included by 2020.
05/25/2022
African Bank reports return to profit
African Bank said it expanded its retail banking offering, with MyWORLD providing a wider range of products and value-added services for customers.
05/24/2022
Stanbic IBTC Bank to Splash N156m on Customers
The bank’s aim is to maintain this throughout the 12-month promo time by which a total of 840 customers would have been rewarded with N100,000 during the monthly draws.
05/20/2022
Global lenders want a piece of East Africa’s retail banking market
Local banks are becoming more competitive regionally with platforms that appeal to East Africans
05/19/2022
Access Bank Emerges Best Performing Stock, Awosika Chairman of the Year
Access Bank was named the best stock in the ‘Financial Services -Banking’ category for its exemplary performance and creating value on the NGX compared to other quoted banks in the past year.
05/19/2022
Heritage Bank uses technology to deepen financial inclusion
No doubt, financial inclusion has assumed a greater level of importance due to its perceived relevance as a catalyst for inclusive economic growth.
05/18/2022
Access Holdings Plc disowns online investment platform, Access Capital Daily Investment
Access Capital Investment is alleged to be a Ponzi scheme offering a 100% ROI.
05/18/2022
Nedbank rolling out ‘new concept’ design to all branches in South Africa
The branches offer self-service card dispensing kiosks that instantly issue clients with their new Nedbank card.
05/18/2022
StanChart Kenya Q1 2022 pretax profit up 16%
The lender, which is controlled by Standard Chartered Plc, said in a statement late on Tuesday its net interest income rose 7% to 4.92 billion shillings, while loan impairments fell 121% to 86 million shillings.
05/17/2022
SA banks caught up in financial shenanigans in Namibia
Wells Fargo's reputation was tarnished, and the company has had to rebuild its reputation and its brand.
05/15/2022
Co-op Bank injects $3.2m into South Sudan unit
The use of the software was discontinued when Co-op adopted a uniform core banking platform, which is now being implemented.
05/13/2022
Access Bank moves to dominate agency banking
Access Bank agency banking ‘Access Closa ’ recently hit a milestone of having 100,000 agents currently spread across Nigeria as the bank further plans to increase its footprint by having a minimum of 50 agents in each of the 774 LGAs across th
05/12/2022
Kenyan banks macroeconomic profile weak
Cites high credit risk, low wealth levels, weak institutions and high financing needs.
05/11/2022
Listed Ugandan banks have been instructed to withhold $4.5 billion worth of dividend payouts
Last month, many bank shareholders were disappointed when the apex bank issued a circular informing the banks not to pay dividends for the financial year ended December 31st, 2021.