Standard Bank and Woolworths Partner to Successfully Complete R600-million Sustainability Funding Deal

Posted on by Staff Reporter | 7427 Views | 14 min read

Standard Bank has partnered with Woolworths Holdings Limited to successfully conclude the first sustainability-linked working capital facility in South Africa to the value of R600 million. This partnership is testament to Woolworths’ commitment to achieving bold sustainability targets and realising its vision to be one of the world’s most responsible retailers. This working capital’s facility

It’s a Record Performance for Equity Group

Posted on by Staff Reporter | 8004 Views | 57 min read

29% growth in Balance Sheet to Kshs 1.305 trillion from Kshs 1.015 trilliom 29% growth in customer deposits to Kshs 959 billion from Kshs 740.8 billion Emerges the largest bank in Kenya and in the region by all key parameters: balance sheet, profitability, market capitalisation and customer base Improvement in NPLs from 11% to 8.3%

Update on the South African Reserve Bank’s Disposal of its 50% Shareholding in African Bank Holdings Limited

Posted on by Staff Reporter | 7609 Views | 5 min read

On 1 June 2021 the South African Reserve Bank (SARB) announced its process to dispose of its 50% shareholding in African Bank Holdings Limited (ABHL), given the potential conflict as the regulator, the significant shareholder, and the lender of last resort to African Bank Limited. The SARB appointed a set of transaction advisers and proceeded

Visa, Bantu Collaborate to Foster Financial Inclusion in Africa, Other Economies

Posted on by Staff Reporter | 40594 Views | 15 min read

Visa, the world leader in digital payments, is collaborating with the Bantu Blockchain Foundation (Bantu), custodians of the Bantu Blockchain Network infrastructure, to connect its digital asset-linked Visa cards to the Bantu Network Token (XBN), a utility token developed by Bantu to facilitate fast and secure transactions on the Bantu blockchain. This integration is expected to directly

Stanbic IBTC Introduces Flex Border to Ease Cross-Border Transactions

Posted on by Staff Reporter | 9425 Views | 7 min read

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has announced the introduction of the Stanbic IBTC Flex Border, a newly added feature on its digital platforms aimed at simplifying customers’ experience with international payments and cross-border transactions. The Flex Border feature will enable Stanbic IBTC domiciliary account holders make direct international fund

Flutterwave is Now Live in Tanzania

Posted on by Staff Reporter | 9919 Views | 11 min read

A few weeks ago during our Flutterwave 3.0 event, we promised to deepen our presence in markets across the African continent. We’re excited to be bringing our products to the great businesses and individuals in Tanzania after the Bank of Tanzania approved our license as a payment services provider. Our products and services will look

Ecobank’s Leadership in Treasury and Cash Management across Africa recognised at the Global Finance Awards

Posted on by Staff Reporter | 21797 Views | 5 min read

The Awards Ceremony is scheduled to take place during the annual Sibos conference in Amsterdam, Netherlands in October 2022 Ecobank (www.Ecobank.com), the leading Pan-African Banking Group, has won five prestigious awards at the Global Finance Treasury & Cash Management Awards 2022, including Africa’s Best Bank for Cash Management and Africa’s Best Provider of Short-Term Investments/Money

Network International and TerraPay Complete First Live African Mobile Wallet Transaction at Expo 2020 Dubai

Posted on by Staff Reporter | 16437 Views | 15 min read

Mobile wallet penetration in the UAE to receive a boost Visitors from Africa will soon be able to make payments in the UAE seamlessly through their mobile wallets Mobile wallets continue to rise at the POS, jumping 55% YoY in 2021 across the Middle East and Africa* Dubai: Network International (Network), the leading enabler of

BIS Innovation Hub and Central Banks Of Australia, Malaysia, Singapore and South Africa Develop Experimental Multi-CBDC Platform for International Settlements

Posted on by Staff Reporter | 9614 Views | 10 min read

Project Dunbar developed two prototypes for a shared platform that could enable international settlements using digital currencies issued by multiple central banks. The platform was designed to facilitate direct cross-border transactions between financial institutions in different currencies, with the potential to cut costs and increase speed. The project identified challenges of implementing a multi-CBDC platform

CR2 Market Insight: Why Digital Onboarding is Imperative for Banking Today

Posted on by Staff Reporter | 5577 Views | 5 min read

Download the full report here In today’s economic climate, it is critical for banks and other financial institutions to retain their current customers while also attracting new ones. As a result, banks are attempting to create an easy, tailored, and frictionless end-to-end digital buying and contracting experience. Having the capability to digitally onboard customers simplifies