Ecobank named ‘Best Retail Bank in Africa’ at 2019 African Banker Awards

Posted by - June 20, 2019

Ecobank has been named Best Retail Bank in Africa 2019 at the prestigious African Banker Awards. The judges were especially impressed by how Ecobank’s state-of-the-art products, services, functionality and constant innovations provide 24/7 convenience, accessibility and affordability to meet the evolving needs and expectations of its customers across 33 African countries, whilst also successfully driving

DHL Rolls Out E-Commerce Platform to More African Markets

Posted by - June 7, 2019

DHL Africa eShop sees impressive growth in first seven weeks; Platform has been rolled out to nine more countries across Sub Saharan Africa; Growing demand for online retail service fuels further growth. Following the success of the DHL Africa eShop app in 11 countries across Sub Saharan Africa, DHL Express has announced that its innovative

AFDB endorses US$23m to support agribusinesses in eight African countries

Posted by - April 18, 2019

The Board of Directors of the Agriculture Fast Track Fund (AFT) of the African Development Bank (AFDB) have approved US$23 million grants to support agribusiness Small-and-Medium- sized Enterprises (SMEs) in eight African countries. The multi-donor Trust Fund is being supported by the governments of the United States of America, Denmark and Sweden through their development

Jumia emerges first African firm to list shares on NYSE

Posted by - April 16, 2019

Jumia Technologies AG (“Jumia”) the leading Pan-African e-commerce platform, has been listed on the New York Stock Exchange. The listing on the NYSE happened in New York, USA, with shares beginning trading at $14.50 under ticker symbol JMIA. By the listing, Jumia became the first startup from Africa to list on a major global exchange.

African Alliance Rebrands to Improve Standard

Posted by - March 11, 2019

African Alliance Insurance Plc has gone through a rebranding process to improve the company’s operations. During the unveiling of the new brand in Lagos recently, the Managing Director of the company, Mrs Funmi Omo, said the company began operations almost six decades ago. In her statement, “This year, in line with our strategic direction and

Dangote Cement Exports to African Countries to Hit $600m

Posted by - March 6, 2019

The President, Dangote Industries Limited, Alhaji Aliko Dangote, has said Dangote Cement’s exports to other African countries are targeted to rise to $600m annually. “By next year, we will be the largest exporter of cement in sub-Saharan Africa with about $600m worth of cement export to other African countries with limited access to limestone. “In

Standard Chartered Launches Digital-only Retail Banks across African Markets

Posted by - February 1, 2019

Standard Chartered has announced the start of the second phase of its digital-only retail bank across Africa. In response to growing consumer demand for innovative banking services on the continent, the Bank will launch its digital solution in four key markets during the first quarter of 2019 starting in Uganda in January, followed by Tanzania

Gov’t enjoined to sign the African Trade Insurance initiative

Posted by - September 11, 2018

The Managing Director of Activa International Insurance Company, Solomon Lartey, has prompted Government to sign onto the African Trade Insurance (ATI) initiative, a pan-African institution that provides political risk insurance to companies, investors, and lenders interested in doing business in Africa. The ATI offers specific insurance products designed to promote and protect investments in Africa

African Oxygen improves earnings by 11.5%

Posted by - September 11, 2018

Gas manufacturer African Oxygen has disclosed on Monday, 10th of September, which it has increased revenue by 3.9 percent to R2.9 billion in the half year to June, while headline earnings per share rose 11.5 percent to 104 cents. The company explained that, it has managed to increase both revenue and earnings before interest, taxation,

Capital Floods in For Flourishing African FinTech And Payments Sector

Posted by - July 19, 2018

Close to US$100m of fundraising has been injected already in 2018 into Africa’s bourgeoning fintech and mobile payments sector, with a significant amount of capital still to be deployed this year, and prospects for the sector looking bullish, according to telecom, media and tech news and events company, TMT Finance. Joseph d’Arrast, EMEA Editor at