10/28/2020
Biggest Nigerian Bank Starts First Fund for Protest-Hit Firms
About half of the country’s 36 states imposed a curfew last week to halt further looting, arson and destruction to private and public property, which claimed dozens of lives.
Retail Banking
10/27/2020
Stanbic IBTC Records N183bn Earnings, N66bn Profit in Nine Months
Net impairment charges jumped to N6.998 billion as against a write back of N90 million in the corresponding period 2019.
10/26/2020
Top Ten Best Banks in Kenya
Its latest feature is the KCB Mpesa which enables you to get a loan if you are a registered Safaricom user.
10/26/2020
Banks in H1 2020: Deconstructing Banks' H1 2020 Individual Performances - Access Bank
Access bank had an upward trend in its gross earnings, H1 2019 shows a significant growth in gross earnings after the merger with Diamond bank.
10/23/2020
Standard Bank, Mastercard, Google to help SMEs open their digital doors in South Africa
Taking skill levels and resource constraints into account, the platform has been designed in such a way that users can set it up and start accepting payments in a matter of minutes.
10/23/2020
Nedbank on South Africa’s actual job losses – and how long it will take to recover
“Our employment model is largely based on our view of GDP growth – and because GDP declined significantly (-51% q-o-q) in the second quarter, this exaggerated the extent of job losses in our model.
10/22/2020
DIB Bank Kenya Awarded Best Islamic Bank in Kenya
DIB Bank Kenya’s parent company Dubai Islamic Bank also walked away with five awards including the coveted title of the Best Overall Islamic Bank globally.
10/22/2020
Standard Bank: Customers coming off the ‘support’Economy showing signs of recovery.
It also said there were some signs of an economic recovery.
10/21/2020
Kenyan banks in big trouble over locust, Covid-19 shocks
Debt relief measures granted to distressed borrowers to mitigate the effects of the Covid-19 pandemic and the subdued loan growth are also expected to dampen profitability.
10/21/2020
Egypt Looks South
While the global economy slows, Egyptian banks aim to expand their foothold in Africa and boost intraregional trade.
10/21/2020
TymeBank, UAE-based payments firm team up to target SMEs
Its partnership with SpaceX will provide satellite-powered Internet connectivity on Azure.
10/20/2020
Capitec ranked as South Africa’s best-performing bank
The upper reaches of the rankings are now dominated by Egyptian banks, as the north African nation has managed to avoid recession – bucking the global trend.
10/20/2020
API economy the next big opportunity for fintechs, banks in Africa
Even if a fintech should have the ear of a big banking client, there are the hurdles of formal agreements, running proofs of concept and addressing concerns about security and licensing.
10/19/2020
The DigitalOnly DafriBank To Revolutionize African Banking Services
With its disruptive technology DafriBank aims to push the boundaries in the African banking community to offer top-class digital banking services that will help many companies uncover the real value of their businesses.
10/16/2020
Standard Bank lending to fossil fuel industries stands at $4 billion
The bank’s climate-related financial exposures report gives the fullest picture yet of its lending to fossil fuel industries.
10/16/2020
BoA named Top Performer CSR 2020
BoA, distinguished for the 7th year in a row, improved its score compared to 2019.
10/16/2020
First Bank CEO appointed into Bretton Woods Committee
First Bank CEO has been honoured with membership of Bretton Woods Committee (BWC).
10/16/2020
Equity ranks position 7 in the list of top 10 banks in Africa
The impressive performance registered during an interest capping period was driven by a 23% growth in loan book to Ksh.366.4 billion from Ksh.297.2 billion in 2018.
10/16/2020
Capitec customers can now buy shares through its banking app
Existing EasyEquities clients can easily sign-in and link their accounts. New clients can follow the registration process and then start investing, Viviers said.
10/15/2020
Banks forecast private credit growth slowing to 6.9 percent
Large banks’ (tier one) had a loan book of Sh2.332 trillion by end of June, equivalent to 80 percent of the entire banking sector’s loan book—meaning they effectively control the formal credit market.