Dalu Ajene Appointed Chief Executive Officer (CEO) of Rand Merchant Bank (RMB) Nigeria; Aims to Facilitate Greater Foreign Capital Flows into Nigeria

Posted on by Staff Reporter | 12602 Views | 11 min read

Ajene holds an MBA in Finance and Strategy from Harvard Business School and a Bachelor’s degree in Economics from Dartmouth College  Dalu Ajene has been appointed Chief Executive Officer of Rand Merchant Bank (RMB) Nigeria (www.RMB.co.za) from the 1st of November 2022 and aims to facilitate greater foreign capital flows, while working to deliver constructive solutions

Payhippo Acquires Nigeria’s Maritime Microfinance Bank to Expand its Customer Offerings

Posted on by Staff Reporter | 19239 Views | 14 min read

With direct access to Nigeria’s Inter-bank Settlement System, this acquisition will enable Payhippo to launch an array of products and services for its customers  Payhippo, Nigeria’s credit-led SME fintech, has acquired Maritime Microfinance Bank (MFB), a financial institution specializing in saving products, demand deposits, and investments as well as micro and SME loans. The acquisition

GCB Bank – Current Economic Situation Provides Opportunity to Restructure our Economy

Posted on by Staff Reporter | 16075 Views | 10 min read

The Executive Director of Wholesale and Investment Banking of GCB Bank PLC, Mr Sam Aidoo, says the current economic crisis provides the opportunity to restructure our economy from a service driven one. He called for the building of a robust and resilient economy through technology, finance, investment, trade, and entrepreneurship. Delivering the address on behalf

Six Fintech Companies From Africa Emerge as Finalists in the Ecobank Fintech Challenge 2022

Posted on by Staff Reporter | 27847 Views | 12 min read

 The six finalists were chosen following extremely strong competition from over 700 fintechs from 59 countries. Grand Finale to be held on 28 October at the Ecobank Group Pan African Centre in Lomé, Togo. Finalists will compete for the top price of $50,000 and admission to the ‘Ecobank Fintech Challenge Fellowship’ program Ecobank Group, the

Touch and Pay Wins $50,000 Ecobank Fintech Challenge 2022

Posted on by Staff Reporter | 30735 Views | 13 min read

Touch and Pay processes microtransactions across Africa, such as paying for bus journeys  Ecobank Group (www.Ecobank.com) is proud to announce that Touch and Pay a Nigeria-based fintech has won the 2022 edition of the Ecobank Fintech Challenge. This announcement was made at the Grand Finale, today at Ecobank’s headquarters in Lomé,  presided by H.E. Cina

Finance in Africa 2022: Navigating the Financial Landscape in Turbulent Times

Posted on by Staff Reporter | 32276 Views | 27 min read

Banks weathered the pandemic well, showing the resilience of the sector  The European Investment Bank (EIB) (https://www.EIB.org) has completed its annual survey of banks in Africa in 2022, supported by Making Finance Work for Africa. In Finance in Africa in 2022: Navigating the financial landscape in turbulent times (https://bit.ly/3goYM2l), the seventh report in this series,

CR2 Announce Partnership with Thunes

Posted on by Staff Reporter | 16381 Views | 8 min read

CR2 partners with Thunes to place banks at the heart of the cross-border payments market CR2, a world-leading vendor in the digital banking and payments market, has partnered with Thunes, a global B2B payments company. This partnership enables CR2 customers to make seamless payments to more than 130 countries, expanding the platform’s international payment capabilities.

FirstBank Boosts the Business Operations of its Customers with a Bouquet of Retail Product Offerings

Posted on by Staff Reporter | 11033 Views | 14 min read

First Bank of Nigeria Limited has announced its variety of retail products specifically designed to enhance the operations and sustenance of various businesses in the country. The products: Petroleum Dealership Finance (PDF), Operational Vehicle Finance (OVF) and Commercial Mortgage will strengthen the capacity of businesses to meet their immediate and long-term needs which are required

Open Banking Could Drive financial Inclusion Across Africa. Here’s How.

Posted on by Staff Reporter | 15393 Views | 23 min read

By Karen Nadasen, CEO of PayU South Africa The Bill and Melinda Gates Foundation identified five key ways that African countries can include more than 400 million people into the digital economy, with one of the key themes being the importance of exploring a pathway to open banking. Open banking promotes fairness, competition and innovation

Six Fintech Companies from Africa Emerge as Finalists in the Ecobank Fintech Challenge 2022

Posted on by Staff Reporter | 27675 Views | 13 min read

Finalists will compete for the top price of $50,000 and admission to the ‘Ecobank Fintech Challenge Fellowship’ program The six finalists were chosen following extremely strong competition from over 700 fintechs from 59 countries; Grand Finale is to be held on 28 October at the Ecobank Group (http://www.Ecobank.com) Pan African Centre in Lomé, Togo; Finalists will