South Africa’s Absa eyes China as part of Asia expansion
The lender is seeking to create a diverse portfolio across businesses and countries...
Tag : African banking
Equity to get Sh13 bn discount on Atlas Mara acquisition in Africa
It will acquire four banks in Rwanda, Zambia, Tanzania and Mozambique...
Standard Bank targets micro-merchants, invests in fintech
Standard Bank buys stake in local fintech firm Nomanini, which connects informal merchants with distributors via an e-wallet...
Al Baraka Bank Egypt records EGP538mn net profit for H1 2019
The bank’s total investments and financing in the same period reached EGP46.5 billion, with a growth rate of 12%...
Access Bank deepens financial inclusion with agency banking
The decision will enable branches to focus on complex customer obligations...
African payment gateway fintech Innovate forays into Dubai
According to Innovate I Pay, the increasing number of African expatriates in UAE was a crucial deciding factor...
Nigeria enacts new banking debtor asset surveillance law
The new bill gives the authorities the power to place bank accounts of a debtor under surveillance and to seize devices...
South Africa central bank: Africapacity eyeing VBS for R2 bn
Africapacity made its intent known although it is yet to formally apply for a banking licence...
Standard Bank on target to raise stake in Kenya’s Stanbic to 75%
The South African bank has increased its stake in Stanbic to 69.1% by December 2018...
Barclays Kenya warns regulatory changes might increase banking costs
Banks in Kenya are subject to scrutiny due to new regulations under the rule of Central Bank Governor Patrick Njoroge...