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Bank & Finance

Jul 08, 2016
Fairfax Financial Holdings Ltd. said it has acquired the South African and Botswana operations of Zurich Insurance Group Ltd.'s Zurich Insurance Co. South Africa Ltd. The terms of the transaction…
Jul 08, 2016
Ghana is among Africa’s largest untapped Islamic finance markets. Despite the growing potential of Islamic finance and its impressive growth in other parts of the world such as the Middle…
Jul 07, 2016
It is too close to call whether Ghana's President John Mahama will win re-election in November, but on one score success is starting to look attainable: the government is on…
Jul 05, 2016
The Central Bank of Nigeria (CBN) has taken over the operations of the Skye Bank due to the bank’s failure to meet its minimum thresholds in critical prudential and adequacy…
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.…

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