ADB Group, Korea sign $28.6 million in grant agreements to support Africa’s development

Posted by - September 14, 2023

The African Development Bank and the Government of Korea have signed two agreements for financial support to boost Africa’s development agenda. The value of the financing is $28.6 million. The funding complements $600 million in co-financing under the Korea-Africa Energy Investment Framework, agreed with the Korean government in 2021. The framework supports African countries to

Banking on small & medium enterprises for the future

Posted by - June 28, 2021

As society navigates the global pandemic, entrepreneurship continues to be a beacon of hope for recovery of the economy and a significant contributor towards employment in the countr Through initiatives like the Covid-19 Term Loan Scheme, which was done in partnership with the South African Government to facilitate much needed funding to businesses, Standard Bank

StanChart Bank Ghana Appoints New Head of Retail Banking

Posted by - August 21, 2019

Standard Chartered Bank Ghana Limited has announced the appointment of Ebehijie Momoh as Head of Retail Banking. Ebehijie replaces Henry Baye who has been appointed Chief Executive of Standard Chartered, Jersey. Ebehijie joined the bank in 2011 and brings extensive experience to this role, with a career spanning over 26 years across Retail, Corporate and

Ecobank Partners Vivo Energy on Xpress banking service

Posted by - August 29, 2018

Ecobank Ghana has partnered Vivo Energy to introduce Xpress point agency banking. This is an easy banking service allows customers to access some banking services at selected shell filling stations in a bid to deepen financial inclusion in the country. Executive Director of Ecobank Ghana, Morgan Fianku Asiedu speaking at the launch of the service

Databank not going into Commercial Banking-CEO

Posted by - August 29, 2018

Databank Financial Services Limited has said its is not a commercial bank and is therefore not part of the ongoing sanitization exercise taking place within the banking industry. In a statement signed by Group CEO Kojo Addae-Mensah, the investment bank said its partnership with the universal banks should not be misinterpreted by the public “as

Wema Bank Introduces Agent Banking in Bauchi, Targets Informal Retail Sector

Posted by - April 17, 2018

Wema Bank Plc, Nigeria’s longest serving indigenous Bank and pioneer of Africa’s first fully digital bank ALAT, has introduced its agent banking service in Bauchi as it seeks to deepen its retail footprint across informal economic sectors of the country. Agent Bank is a cost-effective medium employed by Banks to provide financial access to unbanked,

CBN Introduces Two New Non-interest Banking Instruments

Posted by - August 25, 2017

In a bid to aid liquidity management and deepen the financial system, the Central Bank of Nigeria (CBN) has introduced two new financial instruments known as – Funding for Liquidity Facility (FfLF) and Intra-day Facility (IDF), at its window, for access by non-interest financial institutions (NIFIs) under its regulation. The central bank stated this in

uniBank Ghana Named Platinum Sponsor of 3rd Banking & Insurance Fair

Posted by - August 9, 2017

Indigenous Ghanaian bank, uniBank Ghana Limited, has thrown its weight behind the upcoming 3rd Banking and Insurance Fair as a platinum sponsor in line with its quest to enhance financial literacy and inclusion in the country. The bank is also urging sister players in the financial sector to help push the initiative which seeks to

Nigeria: Banking Industry Losses to Frauds Drop By 24.29% in 2016 – NDIC

Posted by - August 4, 2017

Nigeria Deposit Insurance Corporation has said that the reported cases of frauds, forgeries and outright theft involving bank staff declined by 48.12 percent from N18.02 billion in 2015 to N8.68 billion in 2016, while the actual losses to the nation’s banking industry dropped by 24.29 percent from N3.17 billion in 2015 to N2.40 billion in