bank

Access Buys Major Stake in South African Bank for $60M

Access Buys Major Stake in South African Bank for $60M

Access Bank Plc has purchased a controlling interest in South Africa’s 74-year-old Grobank for about $60 million, its chief executive… Read More

4 years ago

Africa-focused Digital Bank Secures $2 million for Expansion

Umba, a digital bank for emerging markets, particularly Africa, this month secured $2 million in seed funding from investors -… Read More

4 years ago

Stanbic IBTC Gets $75m Financing

A United Kingdom development finance institution (DFI), CDC Group, has offered a $75 million debt commitment to Stanbic IBTC Bank.… Read More

4 years ago

Afreximbank Launches $1.5bn Covid-19 Support Facility

African Export-Import Bank (Afreximbank) and its partners have launched a $1.5 billion collaborative COVID-19 pandemic response facility to support African… Read More

4 years ago

GTB Adopts Holding Company Structure

All things being equal, Nigeria’s most capitalised bank, Guaranty Trust Bank (GTB) Plc will become a holding company soon after… Read More

4 years ago

No Rift Over Appointment of New MD, Jaiz Bank says

Jaiz Bank has said that there is no rift among its board members over the appointment of a new managing… Read More

4 years ago

Covidnomics: How to Reopen Nigerian Banks

Nigeria has a total of 5,783 bank branches with 1,766 in Lagos alone, as at 2010. Behind open markets and… Read More

5 years ago