Global Finance names the 2013 World’s Best Corporate/Institutional Internet Banks in Middle East/Africa

Posted on by wademinnie | 6148 Views | 9 min read

Global Finance has announced the First Round winners in the “World’s Best Internet Banks” competition in Middle East/Africa. This is the 14th year Global Finance has named the World’s Best Internet Banks.  First Round winners include Best Corporate/Institutional Internet Banks and Best Consumer Internet Banks at the country level. Winners were also selected in Asia,

Ecobank Opens an Affiliate in South Sudan

Posted on by wademinnie | 10307 Views | 3 min read

Ecobank Transnational Incorporated , the pan-African banking group announced the opening of its South Sudan banking affiliate. This new banking affiliate, the 34th on the African continent, offers the opportunity to support the youngest African state in addressing the challenges in regards to its development. Ecobank South Sudan has effectively started operations on 10 July

South Africa’s Banking Rewards Programs: A Comparison

Posted on by wademinnie | 19703 Views | 24 min read

South African banks are now all in full swing with their respective loyalty or rewards programs.  In a highly competitive banking environment, where the large South African banks are doing whatever they can to attract customers across all LSM’s, rewards programs can be used to ensure that existing customers are not tempted to switch banks.

Equity Bank’s Focus on Innovation Boosts First Half Year 2013 Profit

Posted on by wademinnie | 8462 Views | 20 min read

Regional banking group, Equity Bank’s reduction of interest rates by 700 bps from 25% to 18% has paid off by growing its loan book by Kshs 11 billion to Kshs 150 billion from Kshs 139 billion in the first quarter 2013 resulting in a growth of 21% in Year on Year. The massive reduction in

Ethiopia to Stage Regional Banking and ICT conference

Posted on by wademinnie | 9933 Views | 10 min read

Ethiopia has emerged as one of the continent’s most exciting new markets, boasting the fastest growing non-energy-based economy in Africa, growing at an average annual rate of 11 percent GDP in recent years. Global’s optimism is supported by the IMF’s projection of Ethiopia as the 3rd fastest growing economy in from 2011 through 2015, trailing

Access Bank, Intercontinental Merger Adjudged Africa`s Top M&A Deal

Posted on by wademinnie | 10511 Views | 7 min read

Access Bank’s merger deal with the defunct Intercontinental Bank has been judged Africa’s top merger and acquisition (M&A) deal by the Banker Magazine. The Banker Magazine, a member of the Financial Times stable of publications, selected the Access Bank and Intercontinental Bank deal as the “2012 Mergers and Acquisitions Deal of the Year” for Africa.

Opportunities abound in Angola for Standard Bank

Posted on by wademinnie | 13178 Views | 8 min read

Angola’s economy is expected to expand by 7% to 9% a year over the next decade. It’s one of the fastest growth rates in the world, yet the country’s financial sector is just keeping pace. So it may seem a bit ambitious for Standard Bank de Angola to aim even higher. As part of Africa’s

MasterCard Appoints M2M SPS as Principal Member to Enhance Card Acceptance across Morocco

Posted on by wademinnie | 10048 Views | 8 min read

In line with its commitment to enhance the electronic payment card acceptance infrastructure in Morocco, MasterCard today announced the appointment of M2M SPS, a leading provider of secure e-transaction processing solutions as its Principal Member in Morocco. As a new Principal Member of MasterCard, M2M SPS will be enabling its customers to leverage MasterCard’s acquiring

DBS Partners with ACI Worldwide to Deliver a First-of-its-kind Online Banking Platform to Corporate Practitioners

Posted on by wademinnie | 5110 Views | 10 min read

ACI Worldwide a provider of payment and banking systems,  announced that it has partnered with DBS to deliver a first-of-its-kind online banking platform to corporates in Asia. DBS selected ACI Universal Online Banker and ACI Global Trade Manager solutions to power its IDEALTM 3.0 regional internet and mobile banking platform, a state-of-the-art platform which provides

Going Cashless: UBA Launches “All About U” Debit Card

Posted on by wademinnie | 9764 Views | 9 min read

United Bank for Africa (UBA) Plc has introduced a personalised debit card called the UBA “All About U” Card which allows Customers carry around their fond memories while using their Debit Cards. The UBA “All About U” Card is an award winning customized Debit MasterCard which gives customers the opportunity to create a one-of-a-kind card