Tuesday, February 28, 2017

Nigerian Manufacturers Laud Continuity of Bank of Industry

The Manufacturers Association of Nigeria (MAN) has expressed satisfaction that the government will continue to keep the Bank of Industry (BoI) afloat as a financial development institution. The Manufacturers’ body said its advocacy role contributed...

CBA Kenya to fund SMEs, Continental Trade with $90m

The Commercial Bank of Africa (CBA), Kenya has received a $90 million financial package from the African Development Bank (AfDB). CBA is the largest privately-owned bank in Kenya, the sixth largest of the country’s 43...

FBN Ghana Launches ‘Wari’ money transfer service

FBNBank Ghana has set to roll out a new money transfer service, Wari, across its branches nationwide to provide simple, accessible and rapid means of sending and receiving money. As a multi-purpose platform, Wari money...

Microsoft, Ecobank Partner to Drive Digital Transformation in Africa

Microsoft, the leading platform and productivity company for the mobile-first, cloud-first world and Ecobank Transnational Incorporated, parent company of pan-African banking group Ecobank today signed a memorandum of understanding (MOU) to complement African governments'...
World Bank

Nigeria secures $67m World Bank Loan for Dam

The Chairman, Senate Committee on Water Resources, Ubale Shittu, on Sunday said the Federal Government of Nigeria, has accessed a $67 million World Bank loan to rehabilitate Hadejia Valley Dam in Jigawa. Mr. Shittu told...
Access Bank

Access Bank Awarded Africa’s Best for International Transacts

Access Bank Ghana has gained international recognition by receiving the prestigious Straight-Through Processing (STP) Excellence Award from the Citibank as “Africa’s Best Bank Transformation” at the 2016 Euro money Awards. The award acknowledges the bank...

Fortis Micro Finance Bank Appoints Victor Emerson as Company Secretary

Fortis Micro Finance bank has announced the appointment of Mr. Victor Aderemi Emerson as its new Company Secretary. The bank noted that Mr. Emerson who recently joined Fortis as company secretary and Head of Legal,...

Ghana Banks Expect NPL reduction in 2017

Banks in Ghana are hopeful of a reduction of Non Performing Loans this year. The Energy sector debt owed to banks is the major contributor to Non Performing Loans in the country. Even though official figures...

Beige acquires UPMT

The BEIGE Group (TBG), a financial services provider, has acquired Universal Pensions Master Trust (UPMT), a licensed corporate trustee. This brings to two, the number of corporate trustees that have been acquired by TBG in...
BOG

BoG inaugurates payment system council

The Bank of Ghana (BoG) has inaugurated a Payment Systems Council, made up of various groups including the Ghana Bankers Association, the National Communications Authority, the Ministry of Finance, and the Ghana Revenue Authority,...