Tuesday, March 28, 2017

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,...
Standard Chartered

Standard Chartered appoints New Executive Director for Ghana

Standard Chartered Bank has announced the appointment of Kweku Nimfah-Essuman as Executive Director and Chief Financial Officer, Standard Chartered Bank Ghana Limited, effective October 1.  Nimfah-Essuman joined the Bank in 2005 and has held senior...

CAL Bank to drive Financial Inclusion Digitally

CAL Bank as part of its two-year strategic plan is to leverage on growing card schemes to offer diversified services for enhanced customer experience and impact on customer base. This is expected to translate into...

US Investment Firm buys $6m Equity in Kenyan Bank

Small and medium-sized enterprises (SME) focused lender in Kenya Jamii Bora Bank Limited has received $6 million equity investment from Chicago-based private equity fund Equator Capital Partners LLC. Jamii Bora CEO Sam Kimani said, “We...

Nigeria’s Ex-CBN Gov accuses Govt of Exceeding Local Borrowing Limit

· Says CBN no Longer Independent · Nobody will lend to Nigeria · You have no facts and your state will benefit from foreign loans – Govt Spokesman Muhammad Sanusi II, emir of Kano and a former...
Barclays

Barclays Bank unveils Two new Payment Cards

Barclays bank has launched two credit cards the Platinum and Classic credit cards. Prosper Akoto, the Product Manager at Barclays Ghana, stated that the cards will provide world class services to its customers. “In our market we don’t...

Societe Generale Bank Brings American Express to Sub-Saharan Africa

Leading European bank Societe Generale has signed a merchant acquiring partnership with American Express in eight sub-Saharan Africa countries where it operates. The agreement involves online sales and POS payments through electronic payment terminals. This...
Central Bank of Kenya

CBK Holds Lending Rate at 10%

The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) has retained the benchmark lending rate at 10 per cent. This was attributed to mild inflation pressures which remain within the government target...

Reserve Bank of Zimbabwe Unveils New Bond Notes worth $10m

The Reserve Bank of Zimbabwe has launched bond notes worth $10 million onto the market starting today, Monday, 28th November 2016 with the withdrawal limits set at $50 per day and $150 weekly. The bond...