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Bank & Finance

Aug 24, 2016
SWIFT data shows that Renminbi (RMB) usage in payments in South Africa increased by 65% over the last 12 months and by 112% in the last two years, moving the…
Aug 23, 2016
The planned October introduction of a token currency in Zimbabwe, called bond notes, has stoked fears of the return of a much-loathed local currency by stealth. Zimbabweans have nightmarish memories…
Aug 19, 2016
Mobile-based bank account KCB M-Pesa has disbursed a total of Sh10.3 billion ($102 Million) in loans to its customers since March last year, indicating a growing appetite for short-term loans.…
Aug 16, 2016
A hybrid facility, blending a basket of local and hard currency with a bank hedge, provides an alternative to managing currency volatility and liquidity risk in African commercial property transactions.…
Aug 14, 2016
The Bank of Ghana (BOG) has expressed discomfort over continued poor handling of the cedi notes – the local currency, something Dr. Johnson Asiama, the Second Deputy Governor, says is…
Aug 13, 2016
Anglo-South African financial services firm Old Mutual and Nigeria’s sovereign wealth fund has signed agreements to set up two funds to invest in real estate and agriculture in Africa’s most…
Aug 11, 2016
MasterCard through eTransact has introduced a new banking solution dubbed MasterPass, aimed at driving financial inclusion in the country. The solution, which allows customers to buy goods and services and…
Aug 09, 2016
Airtel has announced the return of its Airtel Money Card, enabling cardholders the convenience of shopping, online payments and easy access to funds 24 hours a day. The Airtel Money…
Aug 07, 2016
The Central Bank of Nigeria (CBN), has advised Nigerians at home and in the Diaspora to beware of the activities of some unlicensed International Money Transfer Operators (IMTOs) in Nigeria.…
Aug 05, 2016
Ghana scrapped plans to sell its fourth Eurobond in as many years, balking at the price investors demanded amid concern that the West African nation may relax its commitment to…
Aug 02, 2016
Barclays is expected to sell more of its stake in its African subsidiary in the coming weeks to take its holding in the business to less than 50% and strengthen…
Jul 25, 2016
Standard Bank – trading as Stanbic Bank – has been formally awarded a banking license in Côte d’Ivoire. The Group opened a Representative Office in December 2013, signalling a drive…
Jul 24, 2016
United Bank Africa (UBA) and MasterCard have announced a partnership which will see UBA act as the issuer for MasterCard in 18 new markets in Africa. United Bank for Africa…
Jul 22, 2016
Multinational companies moving into Africa are looking for supply chain efficiencies that provide market leading solutions which can optimise balance sheets and the use of working capital, says Standard Bank.…
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