Bank & Finance

Oct 23, 2017
THE Nigerian Government has taken steps to take over bank accounts without Bank Verification Number (BVN) as a Federal High Court sitting in Abuja has frozen all such accounts by…
Oct 19, 2017
Africa Finance Corporation (AFC) has this month become the 30th member of the Master Cooperation Agreement (MCA) at the World Bank's Annual Meetings in Washington DC. Created by the International…
Oct 14, 2017
Malawi-based First Merchant Bank ( FMB) has received regulatory approvals to acquire an effective 42,7 percent shareholding in Barclays Bank Zimbabwe, completing its takeover of the bank. FMB holds considerable…
Oct 03, 2017
Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross border level – and potentially huge gains…
Sep 29, 2017
Zimbabwe on Thursday gazetted a new law criminalising unlicensed currency trading in an attempt stem out a thriving parallel market for bank notes in the country. The southern African nation…
Sep 18, 2017
It has been three years since the Central Bank of Nigeria introduced the Cashless Nigeria Policy. Its aim was to encourage the use of electronic systems for all monetary transactions.…
Sep 08, 2017
Capitec passed Nedbank as South Africa’s fourth-largest lender by value to extend a market-beating rally that has made it the country’s best performing stock. The shares of Capitec rose 2%…
Sep 06, 2017
Ecobank Ghana has disengaged 181 outsourced staff as it continues to expand on its digital agenda which seeks to place banking in the hands of its clients. With effect from…
Sep 01, 2017
GNA-Stanbic Bank Ghana has launched its latest Education Offering to present fast easy financial management solution for educational institutions as well as convenience to customers and students in the way…
Aug 28, 2017
African Rainbow Capital (ARC), the financial-services firm started by billionaire Patrice Motsepe, is close to getting the banking licence it needs to challenge the dominance of South Africa’s biggest lenders,…
Aug 14, 2017
Financial services provider, Alexander Forbes East Africa, has changed its corporate identity to Zamara following ownership changes that have seen Alexander Forbes Group of South Africa lose the majority stake…
Aug 12, 2017
Uganda's central bank left its key lending rate unchanged at 10 percent on Friday, saying economic activity was picking up. Bank of Uganda Governor Emmanuel Tumusiime-Mutebile said the economy had…
Aug 10, 2017
South Africa's Jacob Zuma, will preside over the launch of the African Regional Centre of the New Development Bank (NDB) on 17 August 2017. The President will be joined by…
Aug 09, 2017
The view that South Africa should look towards the International Monetary Fund (IMF) to be rescued from the unfolding economic meltdown seems to be growing by the day. It has…

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