Ecobank Group Reports FY 2020 Profit Before Tax of $174 Million ($338 Million Excluding Goodwill Charge), EPS of 0.010 US Cents, Total CAR of 12.3%, and Record Deposit Growth of $2.0 Billion to $18.3 Billion

Group CEO Commentary Ade Ayeyemi, Ecobank Group CEO, said: "2020 was a year which tested the resilience of the human spirit in rising to the many challenges as governments, businesses and Read More →

Equity Group Holdings Plans Trans-Africa Expansion with USD $100 Million (Ksh 11 Billion) Loan from the African Development Bank (AfDB)

  • The facility will support Equity’s expansion in East and Central Africa and ensure MSMEs have access to capital to recover and thrive in a Post COVID-19 Environment

United Nations Uganda and Equity Bank Uganda Establish New Partnerships for Acceleration of Attainment of the SDGs

  • The new partnership will promote social inclusion and improve economic outcomes and human development as well as contribute to the social economic transformation of Uganda

Absa Earnings Decline; 7% Pre-provision Profit Growth Indicates Positive Underlying Performance

Absa Group Ltd., one of Africa’s largest financial services provider, has reported a 51% decline in normalised headline earnings to R8 billion after impairments nearly trebled to R20.6 billion amid Read More →

Standard Bank | Digital Assets and the Evolving Role of Banks as Custodians

Masha Maharaj, Head of Custody, Investor Services, at Standard Bank South Africa As retail and institutional investors embrace digital assets, with cryptocurrencies fast becoming a mainstream asset class and blockchain technology Read More →

Remitano Makes Money Transfer Between South Africa and Other Countries Easier and Faster with the New “Cash-out” Feature

Due to the ever-increasing volume of money transfers across the globe, Remitano, a global escrow-marketplace, has just launched a smart, free, and safe approach for international money transfers. This system Read More →

FirstBank CEO Lists Technology, Capacity as Key for Post-COVID-19 Growth

…Thumbs up mobile banking (FirstMobile) and USSD (*894#) platforms By Bolaji Israel Dr Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said technology, innovation and enhanced capabilities have become necessary Read More →

Game Remains Important Player to Handle Growing Demands for Money Transfers

Despite the many digital innovations being made in terms of cross-border payments, retailers still have an important role to play in facilitating the thousands of remittances made from South Africa Read More →

Ukheshe Technologies and Infobip Collaborate to Create SA’s First WhatsApp Payment Gateway

Leading digital fintech enablement provider, Ukheshe Technologies, together with Infobip, a global cloud communications platform that enables businesses to build connected customer experiences across all stages of the customer journey Read More →

Netcash Partners With Ecwid E-Commerce to Make it Easier for SMEs to Launch Online Shops

Leading payment solutions provider, Netcash, has partnered with e-commerce platform, Ecwid E-Commerce, to launch Netcash Shop. Powered by Ecwid E-Commerce, Netcash Shop allows merchants to create an e-commerce shop and start Read More →

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