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Societe Generale and Absa Accompany Chinese Clients in their African Development

Societe Generale, a leading European bank with operations in 19 African countries, and Absa Group Limited (“Absa”), a leading financial services group in Africa with presence in 12 countries, announced Read More →

SWIFT: Corruption, Cybercrime and Compliance – Managing the Risks

Written by Alois Maluvu, Financial Crime Compliance expert, SWIFT Managing risk in financial institutions has never been more complex. As cyber-attacks continue to evolve and increase in frequency and sophistication, cyber security Read More →

Online Banking Fraud Keeps Banking Ombudsman On Its Toes Two Years Running

The Ombudsman for Banking Services (OBS) has released its Annual Report highlighting some interesting statistics for its operations for 2018. Key highlights for the year are:

Apis and Crossfin-led Consortium Announces the Acquisition of Sureswipe

  • A consortium led by Apis Growth Fund I, a private equity fund managed by Apis Partners LLP, and Crossfin Technology Holdings, a fintech investment company announced today the acquisition Read More →

Zenith Bank Appoints Ebenezer Onyeagwu as the New Chief Executive Officer

Zenith Bank Plc. has announced the appointment of Mr. Ebenezer Onyeagwu as the Group Managing Director/CEO of the bank effective June 1, 2019, subject to the Central Bank of Nigeria Read More →

Absa PMI rose to 47.2 index points in April

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose by 2.2 points to reach 47.2 index points in April. This was the first increase after three months of declines in Read More →

Allied Wallet Africa will Introduce the Region to a New Level of Economical Growth

Allied Wallet Africa will introduce the region to a new level of economical growth

Allied Wallet, a globally leading provider of mainstream online payment processing, and its CEO Andy Read More →

MCB Group Limited Announces its Unaudited Results for the Nine Months Ended 31 March 2019

MCB Group Limited has announced its unaudited results for the nine months ended 31 March 2019. Commenting on the results, Pierre Guy Noël (Chief Executive - MCB Group Ltd) said: ‘‘The Group Read More →

SARB Announces the Adjustment of Interchange Rates for Transactions Emanating from ATMs

The purpose of this communiqué is to announce the adjusted interchange rates for automated teller machines (ATMs). The South African Reserve Bank (SARB) annually reviews interchange rates for transactions emanating from Read More →

African Bank Launches its Transactional Banking Offering called MyWORLD

African Bank has officially launched its transactional banking offering called MyWORLD, to South Africans. The introduction of MyWORLD has elevated African Bank to a digital retail bank, offering a variety of Read More →

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