Bank & Finance

Mar 30, 2017
Zenith Bank Ghana posted a pre-tax profit of GH¢202.6 million in 2016, the highest on record for the Bank. It also represents an increase of 76% over 2015 pre-tax income…
Mar 29, 2017
Stanbic Bank Uganda's 2016 pretax profit rose 24.9 percent, helped by business diversification that spurred a increase in non-interest revenue, the east African nation's largest lender by assets said on…
Mar 27, 2017
Kuwait has signed a $20 million loan agreement with Zimbabwe to finance the development of irrigation infrastructure at Zhove Dam in Matabeleland South. The loan has an interest rate of…
Mar 21, 2017
Ecobank Ghana has unveiled a new service dubbed ‘Masterpass QR’ in partnership with MasterCard to undertake secure digital payment via the mobile phone. The Ecobank's Masterpass QR seeks to integrate…
Mar 17, 2017
The Chairman of United Bank for Africa (UBA), Tony O. Elemelu, has said that the only way Africa can develop is for its governments to create the right economic environment…
Mar 14, 2017
Zimbabwe’s mining companies say local banks are delaying processing of foreign payments by three months as the country battles a shortage of dollars, which could threaten production. Mining accounts for…
Mar 14, 2017
In its maiden edition marking International Women’s Day and coinciding with the 2nd year anniversary of Access Bank’s award winning “W” initiative, the National Women Summit has been applauded by…
Mar 10, 2017
The growth in ultra-wealthy populations in Africa will outpace that of Europe and North America over the next decade, according to the 2017 edition of The Wealth Report launched in…
Mar 09, 2017
Safaricom Ltd, East Africa’s biggest mobile-phone company, would have to reconsider future investment in Kenya if proposals to break up the company are implemented, the head of mobile money at…
Mar 07, 2017
The world’s leading legal tender bullion gold coin, the Krugerrand, this year celebrates its 50th anniversary, marking a critical milestone in South Africa’s beneficiation of its precious metals since gold…
Feb 27, 2017
South Africa's central bank wants commercial lenders involved in the rand currency rigging scandal to be held accountable, deputy governor Daniel Mminele said on Friday. South Africa's Competition Commission said…
Feb 23, 2017
Barclays Africa Group apologised for its role in a rand-fixing affair involving more than a dozen banks, saying that it tipped off regulators about the practice after suspending two of…
Feb 22, 2017
Citigroup Inc. agreed to pay a penalty of almost 70 million rand ($5.4 million) to settle a South African antitrust investigation that said it participated in an alleged cartel to…
Feb 15, 2017
Far more conservative and far less leveraged than their global counterparts, South African banks may yet face massive fines from the country’s competition authorities for allegedly manipulating foreign exchange trades.…

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