African Development Bank Executive Director Rufus N. Darkortey has concluded a five-day working visit to Liberia, where he engaged in high-level discussions with key stakeholders, including President Joseph Nyuma Boakai. Representing Liberia, The Gambia, Ghana, Sudan, and Sierra Leone at the Bank, Darkortey also met with Vice President Jeremiah Kpan Koung, Speaker of Parliament Jonathan
American Express and Ecobank Group (www.Ecobank.com), the leading pan-African financial services Group, announced an agreement to significantly expand American Express Card acceptance in twenty-one countries across Africa. Through this agreement, American Express Card Members will be able to use their Cards in twelve new countries: Burundi, Central African Republic, Gabon, Guinea-Bissau, Liberia, Malawi, Mali, Niger,
African Export and Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat developed PAPSS, which enables instant cross-border payment in local currency The Pan African Payment and Settlement System (PAPSS) and the African Securities Exchange Association (ASEA) have signed a Memorandum of Understanding (MoU) to enhance collaboration and cooperation in promoting cross-border
First Bank of Nigeria Limited, Nigeria’s premier financial services institution, has announced a phased corporate name change of its subsidiaries in the United Kingdom and Sub-Saharan Africa. FBNBank UK, FBNBank Sierra Leone, FBNBank Gambia and FBNBank DRC are the first set of subsidiaries effecting the name alignment. They are now known and addressed as FirstBank
The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, in this interview with THISDAY reviewed the performance of the global economy in 2022 and advised businesses and their bankers to approach 2023 with a partnership mindset to ensure that a win-win outcome is achieved despite the anticipated macroeconomic challenges. Excerpts: What
Paysend, the UK-based fintech with over 7 million customers, today announces that 50 new receiving countries have been introduced to its global payments network since the start of 2022. These additional payments corridors mean that Paysend customers can now send money to over 170 countries worldwide. Notable additional countries supported by Paysend include: Antigua and
Paysend, the UK-based fintech with over 6.5 million customers, announces a technology partnership with Afrimoney, the mobile money service provided by Africell, to enable money transfers to West Africa, specifically The Gambia and Sierra Leone. Through the partnership, which is powered by MFS Africa, Paysend will enable users to send money across borders via Africell
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the launch of First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. The Bank’s subsidiaries in Africa include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, FBNBank Senegal. The First Global
The judging panels were impressed by Ecobank’s sound management, business model and strategic initiatives as well as its pioneering technology Ecobank (www.Ecobank.com) wins “Bank of the Year” and “Best Bank” at The Banker and EMEA Finance Awards in London. Ecobank Cameroon, Gambia and Rwanda won Bank of the Year at The Banker Awards on 28th November.
Figures released at SWIFT’s 26th African Regional Conference show much stronger growth in particular regions, including in West Africa at 29% Data released at the SWIFT African Regional Conference shows that SWIFT FIN messaging traffic in Africa has grown by 4.4% in the year-to-date. Figures are even stronger in the West African Monetary Zone, where
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