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Bank & Finance

Mar 19, 2016
MoneyGram and Guaranty Trust Bank (GT Bank), one of the leading retail banks in Nigeria, announced the launch of MoneyGram's receive services across the GT Bank network. This service will…
Mar 18, 2016
The value of funds transacted through mobile phones in Kenya stood at Sh2.8 trillion in 2015 over increased penetration by mobile agents. The value of funds transacted through mobile phones…
Mar 16, 2016
Zimbabwe on Tuesday marked 16 months in deflation after annual inflation for February closed at -2.22 percent. The inflation rate was 0.03 percent down from -2.19 percent in January, pushed…
Mar 14, 2016
The cedi is expected to remain flat this week on an expected central bank dollar sale, while the Zambian kwacha is expected to marginally firm, supported by dollar inflows from…
Mar 12, 2016
World Bank has announced that it will release MK3billion ($4million) to fund Community Savings and Investment Promotion (Comsip) in Malawi for the next two years from 2016 to 2018. The…
Mar 10, 2016
Compuscan Credit Reference Bureau Namibia – headquartered in Stellenbosch, South Africa – has officially announced that its credit bureau licence has been approved by the Bank of Namibia, the country’s…
Mar 09, 2016
Cash is still the preferred form of payment for money transfers and transactions in Ghana and other African countries, despite the advancements in technology and mobile money, a new report…
Mar 09, 2016
The world of the wealthy is changing: women are becoming more active in managing family wealth, children are encouraged to get involved in family businesses at an earlier age, and…
Mar 07, 2016
Credit ratings agency Fitch downgraded South Africa's Barclays Africa Group, citing a lower likelihood of support from the bank's British parent as it sells down its stake. Barclays plc said…
Mar 01, 2016
Global banking group Barclays has announced that it will be selling down its stake in Barclays Africa Group Limited – trading as Absa in South Africa – in its financial…
Feb 29, 2016
Absa bank on Monday responded to reports of its imminent sale by Barclays bank, which owns 62.3% stake in the African group. The Financial Times reported on Friday that Barclays…
Feb 29, 2016
Does this mean if you own an account with one of Africa’s largest banks Barclays, then perhaps it is time to slowly withdraw your funds and transfer your savings to…
Feb 27, 2016
The African Development Bank Group (AfDB) will support Tanzania's economic transformation to inclusive and green growth with an indicative concessional resource assistance package estimated at over US $1.1 billion over…
Feb 25, 2016
Global ratings agency Moody’s has given Kenyan lenders a clean bill of financial health, just after two banks went under receivership. The study which assessed the overall stability of Kenya’s…

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