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Latest Banking News

Standard Bank wins court battle to sell Roodekrans home over debt

Standard Bank wins court approval to sell a Roodekrans home after borrowers fail to overturn foreclosure over a R3.71 million ($222,641) debt.

Feyisayo Ajayi Feyisayo Ajayi

Billionaire Patrice Motsepe-backed GoTyme Bank targets 30 million customers by 2036

GoTyme Bank, backed by Patrice Motsepe, is targeting 30 million customers as it challenges Capitec’s dominance in South Africa’s retail banking market.

Omokolade Ajayi Omokolade Ajayi

Access Holdings posts $352 million 9M 2026 profit as assets near $40 billion

Access Holdings posted a $352.59 million net profit for 9M 2026, driven by lower impairments and offshore units as total assets reached $39.12 billion.

Omokolade Ajayi Omokolade Ajayi

IFC invests $100 million in Banque du Caire’s $657 million IPO

IFC is investing $100 million in Banque du Caire’s IPO for a 7% stake, supporting lending growth and Egypt’s banking privatization drive.

Feyisayo Ajayi Feyisayo Ajayi

Sterling Bank, Proparco sign $30 million deal to expand renewable energy and agricultural SMEs 

Sterling Bank secures $30 million from Proparco to finance renewable energy projects and agricultural businesses across Nigeria.

Timilehin Adejumobi Timilehin Adejumobi

Ecobank appoints Centum finance chief Risper Alaro to board

Ecobank Kenya appoints Centum finance director Risper Alaro to its board, giving women five of nine seats and a majority in bank leadership.

Feyisayo Ajayi Feyisayo Ajayi

Trading losses hit Nigeria’s Zenith Bank as 9M 2026 profit falls to $501.6 million

Zenith Bank’s 9M 2026 profit fell 11.6 percent to $501.56 million as trading losses hit $170.09 million, yet dividends doubled to $266.7 million.

Omokolade Ajayi Omokolade Ajayi

Femi Otedola’s First HoldCo stake slips to $1 billion, shedding $328 million in 3 days

Femi Otedola’s First HoldCo stake slips to $1.07 billion after a 23% share price decline wipes $328 million off its value in three days.

Feyisayo Ajayi Feyisayo Ajayi

Africa Energy Bank begins operations as Helmy Ghazi becomes first president

Africa Energy Bank begins operations in Abuja with Helmy Ghazi as president, targeting Africa’s $200 billion energy financing gap.

Oluwatosin Alao Oluwatosin Alao