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Latest

  • China’s Cocoa Export: Ghana Assesses Impact
  • Ghana: Deputy Ministerial Nominees List Out
  • Dos and Don’ts for Successful Online Trading
  • Ghana: Actress Akuapem Poloo Granted GH¢80k Bail
  • Nigerian Fintech Platform Secures $3.5M Seed Round

Category: Finance

New Report Puts Spotlight on COVID-19 Impact on African Trade Finance

Banking & Finance, Finance April 20, 2021 MASAHUDU ANKIILU 0 Comments

Cairo, Egypt//- African Export-Import Bank (Afreximbank), in collaboration with the United Nations Economic Commission for Africa (ECA), the African Development Bank (AfDB) and Making Finance Work for Africa Partnership (MFW4A) released the African Trade Finance Survey Report.

UBA Starts 2021 Strong, Records 27% PAT Growth, and 20.5% ROAE

Banking & Finance, Finance April 19, 2021 MASAHUDU ANKIILU 0 Comments

Lagos, Nigeria//-Pan African financial institution, United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2021, showing impressive double-digit growth across most of its major income lines.

Ghana: Foreign Banks Profits Exceed Local Banks by 185% in Pandemic Year

Banking & Finance, Finance April 19, 2021 MASAHUDU ANKIILU 0 Comments

Annual financial reports posted by commercial banks in Ghana, indicate that foreign-owned banks have made profits in excess of 185.5 percent in 2020 compared to that made by indigenous banks, a development banking consultant, Dr. Richmond Atuahene, attributes to good corporate governance structures of the foreign banks.

Central Bank of Kenya Okays Liquidation of Chase Bank

Banking & Finance, Finance April 17, 2021 MASAHUDU ANKIILU 0 Comments

The Central Bank of Kenya (CBK) has approved the liquidation of the assets of Chase Bank under receivership that was left out in the SBM Bank buyout two years ago.

Ecobank Appoints New Group Executive for Operations & Technology

Banking & Finance, Finance April 8, 2021 MASAHUDU ANKIILU 0 Comments

Lome, Togo/ — Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group (www.Ecobank.com), has appointed Dr Tomisin Fashina as its new Group Executive for Operations & Technology.

Deloitte/Africa CEO Forum Barometer: Industry Leaders Committed to Transformation at Every Level  

Banking & Finance, Finance April 8, 2021 MASAHUDU ANKIILU 0 Comments

The first African Financial Industry Barometer, developed in partnership with the Africa CEO Forum, reveals in exclusivity how, in the exceptional context of the pandemic, financial institutions operating in Africa are undertaking a transformation of their business model, governance and risk management capabilities. 

How Rising Interest Rates Could Affect Emerging Markets

Banking & Finance, Finance April 5, 2021 MASAHUDU ANKIILU 0 Comments

Rapid vaccine rollout in the United States and passage of its $1.9 trillion fiscal stimulus package have boosted its expected economic recovery. 

Banks Duck and Weave to Avoid Covid Punches

Banking & Finance, Finance April 5, 2021 MASAHUDU ANKIILU 0 Comments

Despite the huge challenges, the African banking sector deserves a great deal of praise for the way it has responded to the crisis.

Covid Accelerates Africa’s Digital Revolution

Banking & Finance, Finance March 30, 2021 MASAHUDU ANKIILU 0 Comments

Across the continent, traditional banks have lost out to mobile money providers during the pandemic, but can the industry benefit from the challenges?

African Banking in the New Reality

Banking & Finance, Finance March 26, 2021 MASAHUDU ANKIILU 0 Comments

The sudden and severe crisis brought on by the COVID-19 pandemic has dealt a cruel blow to African countries, threatening the lives and livelihoods of millions and causing a rapid economic contraction.

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Latest stories

  • China’s Cocoa Export: Ghana Assesses Impact April 21, 2021
  • Ghana: Deputy Ministerial Nominees List Out April 21, 2021
  • Dos and Don’ts for Successful Online Trading April 21, 2021
  • Ghana: Actress Akuapem Poloo Granted GH¢80k Bail April 21, 2021
  • Nigerian Fintech Platform Secures $3.5M Seed Round April 21, 2021

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