BrokerageFeaturedGoldman’s workforce expansion in China is part of five-year strategy planBharath KumarJanuary 14, 2020March 18, 2020 by Bharath KumarJanuary 14, 2020March 18, 2020 The headcount will increase by 600 employees in Goldman Sach’s mainland operations... Read more
BankingEgypt’s overdue banking act forwarded to legislatureBharath KumarJanuary 8, 2020 by Bharath KumarJanuary 8, 2020 The much-awaited banking law monitors digital payments and financial technologies... Read more
BankingTokio Marine pumps in US$370 million into joint venture in BrazilBharath KumarJanuary 8, 2020 by Bharath KumarJanuary 8, 2020 Tokio Marine will control 50.01 percent of the Brazilian joint venture... Read more
Business LeadersOliver Alawuba named as the new CEO of UBA AfricaBharath KumarJanuary 7, 2020January 8, 2020 by Bharath KumarJanuary 7, 2020January 8, 2020 UBA Africa now serves over 19 million customers across the continent... Read more
BankingNCBA Bank demands acceleration of Kenyan banking consolidationBharath KumarJanuary 6, 2020 by Bharath KumarJanuary 6, 2020 The bank’s push to increase minimum capital is targeted at driving takeovers in the country... Read more
BankingUnited Gulf buys Burgan Bank’s 51.8% stake in Bank of BaghdadBharath KumarJanuary 6, 2020 by Bharath KumarJanuary 6, 2020 The deal is anticipated to reduce non-performing loans by nearly KWD 34 million... Read more
TelecomVodafone to turn M-Pesa into a bank to target Africa’s unbankedPritam BordoloiDecember 18, 2019 by Pritam BordoloiDecember 18, 2019 Currently, M-Pesa accounts for 3.5% of Vodacom’s revenue... Read more
BankingBank Audi to increase SME loan portfolio to EGP 5 bn by 2019 endInternational Finance DeskDecember 16, 2019 by International Finance DeskDecember 16, 2019 Central Bank of Egypt expects banks to increase SME loans on their portfolios by 20 percent by 2020... Read more
FintechAlibaba-backed WeLab secures $156 mn funding to invest in R&DPritam BordoloiDecember 13, 2019 by Pritam BordoloiDecember 13, 2019 The fintech startup has received the funding from Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank... Read more
BankingVietnam’s MSB focused on exceptional customer experiencesInternational Finance DeskDecember 12, 2019 by International Finance DeskDecember 12, 2019 Its efforts to deliver quality products coupled with exceptional customer engagement has led to ground breaking milestones... Read more