The Minister of Communications and Digital Economy, Dr Isa Pantami, has presented cheques totaling up N125m to four entrepreneurs and innovators adjudged winners of Jaiz Bank’s COVID-19 challenge competition. According …
Banking, Finance & Investment
- Banking, Finance & InvestmentBusinessJaiz BankWestern Africa
FBN Holdings Plc stated its earnings increased by 22 per cent to N89.7 bn as of the end of the 2020 financial period. It revealed this in a statement on …
- Access BankBanking, Finance & InvestmentSouthern AfricaWestern Africa
Nigeria’s Access Bank acquires the controlling interest in Grobank
Nigeria’s biggest lender Access Bank has bought a controlling interest in South Africa’s 74 year-old Grobank for around $60 million (R896-million) its CEO said the acquisition signals the culmination of …
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital …
- Banking, Finance & InvestmentEastern Africa
Equity Bank 2020 net profit down 12% on high loan loss provision
Investors at the Equity Bank Group will walk home empty handed for the second year running after the lender withheld dividends on shrinking net earnings. The lender joined other tier …
Emirates has extended its ban on flights from South Africa to the United Arab Emirates until 8 April. The move is in line with the government’s directives that restrict the …
Kenya is among key drivers of global mobile money transactions, a report by global firm-GSMA indicates, as the Covid-19 pandemic continues to push up digital payment trends. The GSMA Consumer …
China’s digital yuan will give its users privacy but it will not be anonymous, according to a top official at the People’s Bank of China. The controllable anonymity will protect …
- Banking, Finance & InvestmentEntrepreneurshipWestern Africa
Nigerian fintech Bankly secured a $2 million seed round by Vault
Nigeria remains a largely cash-dominated country. with over 100 million unbanked Nigerian population excluded or have no access to financial services due to limited financial literacy. Bankly, a Nigerian fintech …
- Banking, Finance & InvestmentNorthern Africa
Central Bank of Egypt offers EGP19 billion worth of treasury bills
The Central Bank of Egypt on Sunday issued treasury bills worth EGP19 billion ($1.21 billion) on behalf of the Finance Ministry. Governments resort to financing budget deficits by offering bonds …