While banking and payments is still considered a mainly a ‘boy’s club’ with few women holding top positions both in Africa and internationally we thought we would highlight some of the woman who are making their mark in the African banking and payments landscape. 1. Maria Ramos – Chief Executive of Africa, Barclays Maria Ramos
Banking and securities companies in the Middle East and North Africa will spend approximately $12.8 billion USD on IT products and services in 2014, an increase of 2.7 percent over 2013 revenue of nearly $12.5 billion USD, according to Gartner, Inc. This forecast includes spending by banking organizations on internal IT services (including personnel), IT
In the spirit of the New Year, here are a few global banking and payments predictions for the coming year. 1. Personalisation of Mobile The data and hyper-connectivity provided by mobile devices is increasingly being utilised to personalise the retail experience. Mobile devices allow for greater customer-merchant engagement and interaction through location targeting and loyalty
Robert Diamond is planning to return to the business of banking through a large investment into the banking sector in Africa. Diamond, who left his position as CEO of Barclays last year after a rate-fixing scandal, is looking to raise $250 million to invest in African banking through a corporate shell known as Atlas Mara,
The Board of Directors of Jaiz Bank PLC has following the resignation of the Managing Director, Muhammed Mustapha Bintube after almost 10 years of meritorious service, announced the appointment of the General Manager in charge of the Bank’s Business Development Group, Hassan Usman as the Acting Managing Director. Hassan is a trained Chartered Accountant and
The banking industry is pleased to announce that debit card fraud losses have decreased by 42% for the period 1 January- 30 September 2013. This is according to the latest banking industry’s card crime statistics as released by SABRIC (The South African Banking Risk Information Centre). This figure is significantly lower when compared to the
Nedbank Group unveiled Africa’s first ever banking branch that fully offsets its energy usage through renewable energy sources. The Lansdowne Corner branch situated in Cape Town utilises an innovative hybrid power installation, effectively making it a 100% off-the-grid outlet. The grid-tied renewable energy system harnesses solar and wind energy and converts this to standard mains
United Bank for Africa (UBA), a Nigerian commercial bank, has launched an e-commerce platform aimed at supporting the growth of small and medium sized enterprises (SMEs) in the West African country. U-Mall is a partnership with Netplus Advisory Limited, which UBA said will allow SMEs to set up online stores and extend their reach. U-Mall
Regional banking group, Equity Bank’s reduction of interest rates by 700 bps from 25% to 18% has paid off by growing its loan book by Kshs 11 billion to Kshs 150 billion from Kshs 139 billion in the first quarter 2013 resulting in a growth of 21% in Year on Year. The massive reduction in
Ethiopia has emerged as one of the continent’s most exciting new markets, boasting the fastest growing non-energy-based economy in Africa, growing at an average annual rate of 11 percent GDP in recent years. Global’s optimism is supported by the IMF’s projection of Ethiopia as the 3rd fastest growing economy in from 2011 through 2015, trailing
