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.
Category: Finance
UBA Starts 2021 Strong, Records 27% PAT Growth, and 20.5% ROAE
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
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
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
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
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
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
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
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
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.