Absa is celebrating successful businesswomen during the month of October. Hosted by Absa Business Banking, the Women in Business Series recognises the achievements of some of South Africa’s top women entrepreneurs at events across all nine provinces. Prominent businesswomen will address and facilitate each session including Margaret Hirsch (co-founder and Chief Operations Executive at Hirsch’s
Gemalto, the world leader in digital security, announces that Nedbank Ltd, a leading commercial bank in South Africa, is deploying its Ezio eBanking solution to provide their wholesale customers with unmatched online transaction security and superior convenience. Gemalto also provides Nedbank with consulting services, device fulfillment to the end users, and operates remote management of
Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that with its technological assistance, Kenya Commercial Bank is now able to offer acceptance of contactless cards based on MasterCard PayPass technology. The certification process was completed in less than a month making the bank one
The Board of Governors of the African Development Bank Group (AfDB) through its private sector window approved on Wednesday, October 1 a USD 12 million line of credit equivalent in Nigerian Naira to LAPO Microfinance Bank in Nigeria. LAPO MfB is the largest microfinance bank in Nigeria with 1.1 million clients and 327 branches currently
Taisys Technologies Co., Ltd. announced that Kenya’s leading bank Equity Bank will be issuing a ultra-thin mobile banking smart SIM with patented technology from Taisys. Equity Bank customers can now enjoy funds transfer, micro-payments and other mobile financial services that are agnostic across mobile devices, including traditional basic-feature phones using Taisys’s “mBanking” and “duoSIM”. The
The President of the Republic, Mr Jacob Gedleyihlekisa Zuma, has appointed Mr Lesetja Kganyago as the next Governor of the South African Reserve Bank (SARB) for a period of five years. The appointment is effective from 9th November 2014. In accordance with section 4(1)(a), read with section 5(1)(a)of the South African Reserve Bank Act, Act
National Bank of Fujairah (NBF) PJSC announced the launch of NBF Islamic, a service proposition that seeks to provide clients with a comprehensive suite of Shariah-compliant financial solutions. Initially, NBF Islamic will offer a suite of retail banking products catering to key customer financial requirements. All NBF Islamic products and services are competitively priced and
Ecobank Transnational Incorporated (ETI) and Nedbank Group Limited (Nedbank Group) jointly announced that Nedbank Group is to acquire a 20 percent shareholding in ETI. Nedbank Group will subscribe in cash for 4,512,618,890 new ETI shares for USD493.4 million. ETI will repay Nedbank’s loan of USD285 million granted to ETI in 2011 out of the subscription
Fundtech, a market leader in global transaction banking solutions and the largest SWIFT service bureau operator in the world, has been named “Best SWIFT Utility Access” by Global Finance as part of the publication’s 2014 World’s Best Treasury & Cash Management Awards. The Global Finance award winners were selected by the editors with input from
SkyVision Global Networks Ltd., a leading global communications provider, announced its recent partnership with Unity Bank, one of Nigeria’s leading retail financial institutions. SkyVision provided its satellite-based Virtual Private Network (VPN) services via its local Nigerian hub to support Unity Bank’s LAN network, connecting the bank’s headquarters in Lagos to its numerous branch offices nationwide.
