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

Zenith Bank Eyes More Retail Lending

Posted by - January 31, 2019

Zenith Bank Plc is increasing its focus on consumer lending as lower oil prices weigh on the economy, hurting its business customers. The Lagos-based bank is expecting to expand retail loans as a percentage of total credit to about four per cent this year from less than one per cent in 2018, its Chief Executive

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,