South Africa’s Competition Tribunal has confirmed settlement agreements involving WesBank, FirstRand, and subsidiaries of Toyota, over allegations of uncompetitive behaviour in the country’s vehicle financing sector. The companies will pay …
Banking
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BankingBusinessCompetition LawFinanceRegulationSouth Africa
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BankingEconomyFinanceSouthern AfricaTrade
RBM Introduces Export Proceeds Exemption for Forex Stability
The Reserve Bank of Malawi (RBM) has announced that it will exempt certain companies from the mandatory conversion of export proceeds under its newly issued repatriation of export proceeds directive. …
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BankingBusinessDevelopmentHousingPropertyUGANDA
Housing Finance Bank, Pearl Marina Partner on Uganda Homes
Housing Finance Bank (HFB) and Pearl Marina Estates have signed a Memorandum of Understanding (MOU) to open a new chapter in Uganda’s real estate and housing finance sector. The partnership …
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BankingCorruptionEducationGovernanceInfrastructure
Zimbabwe Bank Probes Ex-Manager Over Student Hostel Fraud
The Infrastructure and Development Bank of Zimbabwe (IDBZ) has opened investigations into one of its former senior managers, Mr. Suckson Muswe, over allegations of inflating costs in a multi-million-dollar student …
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BankingClimate ChangeCommunity DevelopmentCorporate Social Responsibility,EducationEnvironment
Polaris Bank, NCF Launch Tree Planting Initiative in Rivers to Tackle Climate Change
Polaris Bank has partnered with the Nigeria Conservation Foundation (NCF) to launch a tree-planting initiative in Rivers State, aimed at reducing carbon emissions, protecting the environment, and promoting sustainable development. …
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BankingBusinessFinanceLifestyle
Stanbic IBTC Bank Launches Season 2 of Private Banking Savings Promo with Luxury Rewards
Stanbic IBTC Bank has announced the return of its special savings reward scheme tagged Save and Enjoy Promo Season 2, designed exclusively for its private banking clients. The bank said …
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AFRICA NEWSBankingCyber securityDigital PaymentsInternational PartnershipsTechnologyUGANDA
Uganda Bankers Partner Visa on Cybersecurity
The Uganda Bankers’ Association (UBA), in partnership with global digital payments leader Visa, has organised a cybersecurity workshop in Kampala to tackle the rising cases of cybercrime threatening the financial …
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BankingBusinessCapital MarketEconomyFinancial InclusionINVESTMENT
Wema Bank Surpasses Recapitalisation Target with N157bn Rights Issue
Wema Bank Plc has announced that it has successfully exceeded its recapitalisation target after raising N157bn through the first phase of its capital-raising exercise. The funds were secured from a …
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BankingDevelopmentEconomyFinanceGovernanceNews
Parallex Bank Unveils N4bn Support Fund for Lagos Local Governments
Parallex Bank Limited has introduced a N4 billion financial support programme aimed at boosting the operations of local governments across Lagos State. The initiative, which targets all 20 Local Government …
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BankingBusinessEconomyFinanceNewsNigeriaTechnology
UBA Unveils Fifth Supersavers Promo with N150m Prize to Boost Savings Culture
The United Bank for Africa Plc has launched the fifth season of its Supersavers Promo, which will reward customers with N150 million in prizes while encouraging more Nigerians to embrace …