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Bank & Finance

Jun 30, 2016
Investigators have reportedly discovered that a Standard Bank South Africa computer system was hacked in a R300m ATM fraud hit in Japan. Investigators have reportedly discovered that a Standard Bank…
Jun 23, 2016
Africa Finance Corporation (AFC) announced its acceptance of a US$150 million 15 year loan facility from KfW [Development Bank] (KfW). The funds will be used to refinance projects across the…
Jun 22, 2016
The Ghana Interbank Payment and Settlement Systems (GHIPSS) has introduced an instant payment system called “the Instant Pay” to quicken the payment of a third party through the banking system.…
Jun 17, 2016
Ghana’s consumer purchasing power is one of the lowest in Sub Saharan Africa. This is according to the managing director of Nielsen West Africa, Lampe Omoyele. According to Mr. Omoyele,…
Jun 15, 2016
Charges for electronic payments have been cut after an agreement between the Reserve Bank of Zimbabwe, banks and providers of payment platforms, the central bank announced. RBZ announced it had…
Jun 15, 2016
The World Bank’s 2016 global growth forecast indicates that growth in Sub-Saharan Africa has slowed again in 2016 to 2.5 per cent, down from an estimated 3.0 percent in 2015.…
Jun 14, 2016
The regulators are asking questions regarding deposits and bank accounts Gupta family businesses hold at Bank of Baroda. South African regulators are seeking details from India’s Bank of Baroda of…
Jun 10, 2016
President Robert Mugabe says the cash crisis is “temporary” and that government will press on with the introduction of bond notes, which he called a “surrogate currency,” despite opposition from…
Jun 09, 2016
FairFX, a UK-based, multi-currency payments service, announced that it has expanded its international payments service into the domestic South African market via a tripartite agreement with Morgan West Ltd and…
Jun 07, 2016
Zimbabwean banks have called for the adoption of the South African rand as the main currency of exchange arguing that use of the United States dollar was no longer sustainable.…
Jun 02, 2016
Standard Chartered Bank is bringing its newest mobile and online banking platform to 1 million clients across 8 African markets, the most extensive digital roll-out of its kind in Africa…
Jun 01, 2016
Commercial banks have set in motion plans to set up a mobile money transfer platform, taking the battle for the fast-growing transaction revenues to the doorsteps of telecoms operator Safaricom’s…
May 31, 2016
As part of our W10 wealth report, we examined the impact of population growth on wealth. 1,000 years ago there were approximately 80 million people in the world, whilst now…
May 30, 2016
Namibia finance minister Calle Schlettwein called on African leaders to find their own solutions and resources to finance developmental projects. Schlettwein was addressing African leaders at the African leader’s Round…

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