Ade Ayeyemi, Ecobank Group CEO, said: “The firm’s performance in the first quarter was strong, despite the continuing challenging operating environment. Revenues increased 4% to $409 million, and we earned $100 million in profit before tax, an increase of 11% year-on-year. Earnings per share grew by 8%, and return on tangible equity was 15.7%. These
Guaranty Trust Bank (Ghana) Limited and UnionPay International have signed a Memorandum of Understanding (MoU) to mark a partnership which will grow the footprint of UnionPay cards acceptance on the bank’s digital channels. The MoU was signed by the Chief Operating Officer of GTBank, Ayokunle Yusuf, and General Manager, Africa branch of UnionPay International, Luping
We refer to the Central Bank of Nigeria Limited (CBN) pronouncement on the reconstitution of the Board of Directors of First Bank of Nigeria Limited. Further to the press conference held by the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele CON on Thursday, 29 April 2021, the Boards of FBN Holdings Plc
FIS continues to drive global eCommerce with domestic acquiring capabilities in high-growth regions of Southeast Asia and Africa. Through its Worldpay product portfolio, FIS will bring new payment options to merchants and eCommerce providers across these new regions. Expansion is part of company’s plans to enhance its merchant acquiring presence in additional markets. Continuing to
Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, is pleased to announce the appointment of Akin Dada as Group Executive, Corporate and Investment Bank. He joined Ecobank in 2017 as the Executive Director for Corporate Bank in Nigeria, and prior to his new appointment was Group Head, Corporate Banking for the Ecobank Group.
Zeepay, the leading African Challenger Fintech with operations in over 10 African countries has acquired a 51 percent stake in Mangwee Mobile Money in Zambia. In a private placement Zeepay and Mangwee agreed to a sale of 51 percent of Mangwee shares to Zeepay. The deal makes Zeepay Ghana the majority shareholder of the entity. Mangwee has
New report: Worker payments digitization for economic recovery and decent work In Senegal, 8 out of 10 workers are paid in cash. Most are temporary workers and excluded from health insurance. A survey revealed that 77% of temporary workers would be willing to receive their wages digitally if this gave them access to health insurance.
He joined Ecobank in 2017 as the Executive Director for Corporate Bank in Nigeria, and prior to his new appointment was Group Head, Corporate Banking for the Ecobank Group Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group (www.Ecobank.com), is pleased to announce the appointment of Akin Dada as Group Executive, Corporate and Investment Bank. He
Data top-up (94%), clothing (64%) and beauty products (56%) top the virtual shopping list in Nigeria Top learning experiences include online banking, learning to manage health & get medicines online, cooking & learning a new language Social media has become an integral platform for connecting consumers to online businesses Secure checkout experience recognized as fundamental
Standard Bank Group, Africa’s largest bank by assets, has appointed Yinka Sanni as its new Chief Executive for Africa Regions and a member of the Group Leadership Council. Sanni, the group’s Regional Chief Executive for West Africa, takes over from Sola David-Borha, who is retiring after 31 years of distinguished service to the group. Sanni holds
