12/28/2020
Uganda: Equity Makes History, Hits Trillion-Shilling Balance Sheet
The Group has banking subsidiaries in Kenya, Rwanda, Uganda, South Sudan, Tanzania, and DRC and a representative office in Ethiopia.
Retail Banking
12/27/2020
CBC charting an integrated digital common payment policy for MSMEs within COMESA
The outcomes of the meeting will underpin the development of a business model and infrastructure for a low-cost retail digital payment scheme for MSMEs within COMESA region.
12/27/2020
Equity assets hit Sh1 trillion mark
“Equity banking subsidiaries will now be in a position to leverage the Group’s strength to extend large corporate loans across all the countries where Equity operates.”
12/24/2020
Equity Group crosses Sh1 trillion mark in value
Equity will leverage the corporate banking history and experience of 112 years by BCDC to strengthen its corporate banking value proposition.
12/23/2020
Ecobank Group taps into Africa’s leading Fintechs to launch an eCommerce solution for SME businesses
It also follows months of engagement with MSME customers since the onset of the Covid-19 pandemic where one of the biggest challenges they raised was inability to access markets and sell their products.
12/23/2020
Microfin Rural Bank targets aggressive digitisation for growth
The bank is committed to leveraging technology to promote operational efficiency and to enhance financial inclusion.
12/23/2020
The top 5 Nigerian startup sector developments of 2020
Launched in January 2016 by Shola Akinlade and Ezra Olubi, Paystack is a payments company that helps businesses in Africa get paid by anyone, anywhere in the world.
12/22/2020
Kenya’s Mobile-Banking Pioneer to Expand into Money Management
Company will partner with fund managers, investment banks
12/22/2020
Consumers, retailers face a tough 2021 as personal debt spirals
According to the reported data, the serious delinquency rate for clothing accounts was 34.3%; 32.8% for non-bank personal loans
12/22/2020
Absa named best retail bank in Africa
In addition, ARO demonstrated a swift and strategic response to the COVID-19 pandemic, not only assisting customers with payment relief initiatives but also contributing extensively to local social relief efforts.
12/21/2020
Access Bank named Nigeria’s safest bank
This recognition serves as an encouragement for us to build on our successes and invest even more in digitally-led measures that will position us as the World’s Most Respected African bank.
12/20/2020
Banks’ ten-month profit falls Sh41bn on Covid shocks
The drop in profitability thins the chances of dividend payouts for shareholders next year.
12/18/2020
Banks are pivotal to success of AfCFTA
According to Mr Akinwuntan, “Nigeria banks have strong capital and their operating synergies have been tremendous for the past five years particularly in the digital banking space."
12/18/2020
Absa named best retail bank in Africa
The accolade also encompassed Absa’s role in driving financial inclusion across the continent.
12/18/2020
Africa’s banks reacted well to Covid-19 — long may it continue
A fast-tracked move to digitalisation, and understanding that banks and their customers' behaviours are irrevisibly changed, means there is no time for banking to drop the ball now
12/18/2020
Sahel Group of Five - African Development Bank Approves Program to Expand Solar Energy Generation Under Desert-to-Power Scheme
The approval follows the fourth Africa Energy Market Place (AEMP) event held by the Bank.
12/18/2020
Access Bank Nigeria Plc spent N9.34 billion on CSR in 2019
The sum of N9.34billion was spent by Access Bank on Corporate Social Responsibility in 2029, according to the bank’s report.
12/17/2020
Co-op Bank ventures into global money transfer deal
The deal will see Co-op Bank customers send money to a foreign bank account or mobile number.
12/17/2020
Here’s how much the average South African owes on their credit card
Serious-level delinquencies – accounts three or more payments past due – increased across all major consumer credit categories as consumers continued to experience financial stress.
12/17/2020
Absa Group and its CEO Win Big at the Global Brands Magazine Awards 2020
The Global Brand Awards is an annual event held by Global Brands Magazine