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GCB Bank Aims to Reposition Bank as Gold Standard for Banking in the Country

The Managing Director of GCB Bank Ltd, Mr Anselm Ray Sowah, has announced initiatives aimed at repositioning the Bank as the gold standard for banking in the country. The initiatives include Read More →

Societe Generale and Absa Accompany Chinese Clients in their African Development

Societe Generale, a leading European bank with operations in 19 African countries, and Absa Group Limited (“Absa”), a leading financial services group in Africa with presence in 12 countries, announced Read More →

Online Banking Fraud Keeps Banking Ombudsman On Its Toes Two Years Running

The Ombudsman for Banking Services (OBS) has released its Annual Report highlighting some interesting statistics for its operations for 2018. Key highlights for the year are:

Zenith Bank Appoints Ebenezer Onyeagwu as the New Chief Executive Officer

Zenith Bank Plc. has announced the appointment of Mr. Ebenezer Onyeagwu as the Group Managing Director/CEO of the bank effective June 1, 2019, subject to the Central Bank of Nigeria Read More →

Absa PMI rose to 47.2 index points in April

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose by 2.2 points to reach 47.2 index points in April. This was the first increase after three months of declines in Read More →

SARB Announces the Adjustment of Interchange Rates for Transactions Emanating from ATMs

The purpose of this communiqué is to announce the adjusted interchange rates for automated teller machines (ATMs). The South African Reserve Bank (SARB) annually reviews interchange rates for transactions emanating from Read More →

African Bank Launches its Transactional Banking Offering called MyWORLD

African Bank has officially launched its transactional banking offering called MyWORLD, to South Africans. The introduction of MyWORLD has elevated African Bank to a digital retail bank, offering a variety of Read More →

The National Bank of Bahrain is the First Bank in MENA to Provide Open Banking Services

Bahrain’s national bank partners with Tarabut Gateway, Bahrain’s first licensed open banking systems provider, to enable customers to access new digital services and aggregate all their accounts from Read More →

Tribunal Approves Capitec’s Acquisition of Mercantile Bank

The Tribunal has this afternoon approved Capitec Bank Limited’s (Capitec) acquisition of Portuguese-owned Mercantile Bank Holdings Limited (Mercantile Bank), which paves the way for Capitec to enter the business banking Read More →

Aconite Technology Powers South African Discovery Bank’s Debit and Credit Card Launch

Aconite Technology Ltd is proud to announce that Discovery Bank, a new digital-only challenger bank launched by Discovery Central Services Limited, the leading South African insurance and financial services provider, Read More →

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