07/11/2019
HSBC launches issuer services in the UAE and Egypt
In a statement, HSBC said that the addition of UAE and Egypt to the HSBC network brings the number of countries the business operates to 15.
Investment Banking
07/11/2019
Barclays seeks to calm layoff fears
The announcement is likely to offer little relief to its employees as firms routinely face redundancy after mergers, buyouts or divestitures, since the whole point of the process is to achieve efficiency through cost cutting.
07/09/2019
Standard Chartered launches digital banks and social banking solution in Africa
“The growing population of Africa is demanding faster and more convenient banking and it has been very rewarding to witness increased acceptance and growing demand for our digital products across the continent.
07/08/2019
2019 has been 'a pretty good year', says StanChart MENA CEO
Sunil Kaushal says Standard Chartered has seen very strong growth this year
07/08/2019
Kenyan banks weighed down by unprofitable stockbroking firms
NIC Bank bought 55 per cent stake in Solid Investment Securities and renamed it NIC Capital in 2008 and Co-op Bank
07/05/2019
Barclays seeks to sell three closed branches at Sh65m
The bank says its digital channel capabilities were enhanced during the year leading to 70 per cent of transactions being processed outside the branch, up from 65 per cent the previous year
07/04/2019
Botswana, Zambia and Zimbabwe Saw the Apparition of Standard Chartered Digital Banks
The first digital bank of its kind in Botswana and Zambia offers an end-to-end digital account opening experience that was developed following customer feedback to provide an appropriate platform to meet all their banking needs.
07/04/2019
Standard Bank and Citi have highest earnings from investment banking fees
Of the $227m earned by investment banks in the first half of 2019, Standard Bank topped the tables with a 14% market share
07/04/2019
Reserve Bank could sell its stake in African Bank in two years
The Reserve Bank owns 50% of African Bank, the Public Investment Corporation (PIC) owns 25% and a consortium of private banks own the remaining 25%.
06/27/2019
Barclays Ghana to intensify trade finance offering to businesses as it transitions to Absa
Trade Agreement and examined trends in Ghana’s foreign exchange market. It also provided a platform for an interaction among industry players in international trade
06/26/2019
Absa Group emerges the best investment bank in Africa
The parent company of Barclays Bank Ghana, Absa Group Limited has been named the best investment bank in Africa.
06/19/2019
ABSA Named Africa’s Best Investment Bank
“This award recognizes the success of our parent company - Absa Group’s efforts to contribute to the transformation of Africa’s financial sector, as well as deepening the relationships we continue to build with our clients,” said M
06/12/2019
European Investment Bank launches effort to help Kenya’s smallholders
Under the new financing program, agricultural companies across Kenya will be able to access loans with maturities of up to seven years, longer than commonly available in the market.
06/10/2019
Barclays Ghana SME clinics benefit over 300 small businesses
Participating clients were extensively engaged by experts from the bank and an external resource person from the Ghana Freight Forwarders Executive Committee.
06/06/2019
Barclays sounds the alarm on banking overregulation
Banks have witnessed heightened scrutiny, backed by new regulations under the reign of Central Bank of Kenya Governor Patrick Njoroge.
06/05/2019
Rwanda’s BK Group becomes billion-dollar company
Total assets increased by 20.2 per cent compared with the same time last year growing to Rwf907.8 billion ($1 billion), making it Rwanda’s first billion-dollar company.
06/05/2019
Absa puts climate change on the agenda
Absa chair Wendy Lucas-Bull announces the group’s intention to begin investing substantial resources in understanding climate change
06/04/2019
Barclays ‘spent Sh479m to lay off workers in 2018’
From having 6,900 employees in 2007, Barclays’ headcount has been falling over the years as digitisation programmes and search for increased efficiency took shape in a sector defined by cut-throat competition.
05/23/2019
GCB to start investment banking
GCB has cut 300 of the 850 staff it took over in August 2017 from now-defunct UT Bank Ltd. and Capital Bank Ltd. and another 120 will leave this year, the MD said. The lender has 2,300 staff and 180 branches.
05/17/2019
Barclays “Ultimate Account” Adjudged Best In West Africa
“The Barclays Ultimate Account enables its customers to pay a monthly bundled fee to cover all account transactions.