Tag: African Banking

Azania Bank,Tanzania
BusinessBanking

Azania Bank secures $10 million Afreximbank facility for Tanzanian SMEs

Azania Bank secures a $10 million facility from Afreximbank to expand SME financing and support Tanzanian exporters.

Timilehin Adejumobi Timilehin Adejumobi
EIB and Centenary Bank Malawi Ceremony
BusinessHot News

Malawi’s small farmers to benefit from $8.6 million EIB funding

EIB Malawi financing will provide $8.6 million to support small farmers and agri-food businesses through Centenary Bank.

Timilehin Adejumobi Timilehin Adejumobi
CaixaBank
BusinessHot News

CaixaBank’s BPI exits Angola with $452 million BFA stake sale

BPI exits Angola with a $452 million BFA stake sale to Congolian Financial, ending CaixaBank’s Portuguese unit’s banking exposure.

Timilehin Adejumobi Timilehin Adejumobi
Bank of Kigali
BusinessHot News

Rwanda’s BK Group sells insurance unit for $21 million in strategic deal

BK Group insurance sale transfers its Rwanda insurer to RSSB for $21 million as the financial group refocuses on banking and investment.

Timilehin Adejumobi Timilehin Adejumobi
Nedbank
BusinessHot News

Kenya Central Bank clears Nedbank’s 66% acquisition of NCBA

Nedbank NCBA acquisition wins Kenya approval, clearing a key hurdle for the South African bank’s planned 66% stake in NCBA.

Timilehin Adejumobi Timilehin Adejumobi
Angolan Kwanza
BusinessHot News

South Africa expands cross-border payments with Angolan Kwanza

South Africa cross-border payments expand as Angola’s kwanza joins SADC-RTGS, opening a faster route for regional trade and banking.

Timilehin Adejumobi Timilehin Adejumobi
ProvidusUnity Bank
BusinessHot NewsTechnology

ProvidusUnity Bank begins operations after landmark Nigeria bank merger

ProvidusUnity Bank began operations after the merger of Providus Bank and Unity Bank, expanding digital banking and financial inclusion.

Oluwatosin Alao Oluwatosin Alao
Ecobank Group 38th AGM
BusinessHot News

Ecobank advances turnaround plan for Nigerian banking unit amid capital pressure

Ecobank Nigeria turnaround plan addresses capital shortfall, rising NPLs and CBN requirements at its Nigerian unit.

Timilehin Adejumobi Timilehin Adejumobi
Pep’s new bank PlusB to cost $62 million as Africa fintech race heats up
BusinessTechnology

Pep’s new bank PlusB to cost $62 million as Africa fintech race heats up

Pepkor targets $62 million digital bank launch as it prepares PlusB entry into South Africa’s fintech sector by 2027.

Oluwatosin Alao Oluwatosin Alao
Zimbabwe’s most valuable banks
BusinessHot News

7 most valuable banks in Zimbabwe

Zimbabwe’s top banks strengthen liquidity, grow digital finance, and sustain investor confidence despite persistent macroeconomic pressures.

Feyisayo Ajayi Feyisayo Ajayi
Attijariwafa Bank $315 million profit
Hot NewsBusiness

Attijariwafa bank: Morocco’s biggest company is now worth over $15 billion

Attijariwafa bank posts strong 2024 growth, boosting profits, assets, and market share while solidifying its position as Morocco’s most valuable and influential lender.

Omokolade Ajayi Omokolade Ajayi
Standard Bank, Africa's biggest lender by assets.
BusinessHot News

Top 10 biggest shareholders of Standard Bank Group

Standard Bank Group’s top shareholders, including ICBC and PIC, shape its strategy, governance, and growth across Africa, highlighting strong institutional and global investor confidence.

Feyisayo Ajayi Feyisayo Ajayi