This move will enable Access Bank to expand its operations in Europe, strengthen its international presence, and deepen its relationships with global clients As part of its strategic moves to boost trade and investment between Africa and Europe, Access Bank Plc, one of Nigeria’s biggest financial services institutions, has established a new subsidiary in Paris,
1. The SME Economic Recovery Loan Scheme is starting to play a significant role in supporting the growth and sustainability of small and medium-sized enterprises (SMEs) in Namibia, with over N$ 85,9 million disbursed to 80 (eighty) SMEs across the country, allowing them to continue operating while providing further impetus to the revival of the
The Managing Director of GCB Bank PLC, Mr Kofi Adomakoh, has stressed the need for more collaboration between banks and fintechs. He said fintechs and banks working together, cooperation and collaboration is the future of banking. Speaking at the Money Summit, organized by the Business and Financial Times (B&FT) in Accra, Mr Adomakoh added that
As payment fraud remains an area of concern for South African businesses, there is debate about what more can be done to tackle the problem and whose responsibility it is. There are layers of complexity that make what appears to be a deceptively easy question to answer much more nuanced. Businesses, banks, as well as
Having recently attended the 10th Annual Southern African Postal Operators Association (SAPOA) Conference in Mauritius, Traderoot Africa CEO Louis Volschenk shares some insight into how national postal service operators in the region can utilise fintech to improve their services, offer new value-added service, and increase their revenues. In this blog post, Louis will explore how
HIGHLIGHTS: The Namibian financial system, which is made up of the banking and non-banking sectors as well as the payment system and infrastructure, continued to be sound and resilient throughout 2022. The banking sector financial soundness indicators remained at comfortable levels during 2022, with the growth in assets outpacing the prevailing inflation rate; however, this
The 8th Edition of the Connected Banking Summit Southern Africa is set to take place on May 24, 2023, in Johannesburg, South Africa, bringing together top executives, experts, and leaders from the banking and financial services industry. The summit, organized by the International Center for Strategic Alliances (ICSA), is a platform for business professionals, experts,
Fidelity Bank Plc, a leading financial institution released its 2022 Audited Financial Statements on the Nigerian bourse today. The results showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in interest and similar income to N295.6bn. The increase in Interest Income was led by a combination of improved yield on
While cash and mobile money remain the dominant payment methods in Africa, they come with significant challenges. Cash is inefficient, insecure, and expensive, while mobile money services often lack the necessary regulatory support to operate independently. However, key emerging trends in the sector are helping to drive meaningful financial inclusion across the continent, notes Mark
The collaboration with Network enables Polaris Bank to provide low-cost digital solutions on a secured platform, making customer acquisition and digital onboarding seamless. Network International (Network) (https://www.Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has renewed its partnership with one of Nigeria’s largest financial service providers, Polaris Bank
