Search results for "Nedbank"

InterSwitch Partners Nedbank on Verve Card

Nedbank and Verve card scheme operator Interswitch struck deal that allows Verve debit card holders to withdraw cash from 1,860 Nedbank ATM cash machines in South Africa. The deal was made possible…

Nedbank of SA Buys $493m Stake in Ecobank

South Africa's Nedbank said on Thursday it will acquire a 20 percent stake in pan-African lender Ecobank Transnational for $493 million in cash, ending months of speculation it could walk away from…

Ecobank, Nedbank Alliance Build True Pan-African Champion - Arnold Ekpe

Arnold Ekpe, chief executive officer of Ecobank has said that the bank’s ground breaking alliance with Nedbank of South Africa is designed to build a true pan- African brand. Mr. Ekpe who was…

Ecobank Extends ATM Services to South Africa

Ecobank Transnational Incorporated has extended its regional Automated Teller Machine (ATM card) services to South Africa to enable holders of the card withdraw cash within the country from I,860…

UBA, Ecobank, Others Turn to IBM Hybrid Cloud and AI Solutions to Accelerate Digital Innovation

IBM on Wednesday announced that major financial institutions across Africa have selected hybrid cloud and AI capabilities from IBM to unlock digital innovation and continue their work to develop…

Ecobank Offers Wealth Planning Services to Customers

Ecobank Securities, Wealth and Asset Management, (SWAM), an arm of Ecobank Transnational incorporated, has reaffirmed the bank’s determination to help its customers create, preserve and protect their…

ETI Shelves Plans to Sell Stake in Ecobank Nigeria

Ecobank Transnational Incorporated (ETI), has foreclosed the plan of selling some its stake in its Nigeria subsidiary, Ecobank Nigeria Limited, due to falling equities’ prices.  Mr. Ade Ayeyemi,…

Ecobank Capital Executes $1.5b Deal for SNPC

Ecobank Capital- the investment banking subsidiary of Ecobank Transnational Incorporated said it closed a $1.5 billion landmark deal for Societe Nationale Des Petroles Du Congo (SNPC). Moyo Kamgaing,…

Thomson Reuters Inaugurates 4th Trading Africa Summit in Cape Town

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has inaugurated the 4th Trading Africa Summit in Cape Town, South Africa. The summit,…

HDS Unveils Solutions to Free Data from Traditional Hardware

Hitachi Data Systems Corporation, a wholly owned subsidiary of Hitachi, Ltd., has made another leap forward in its technology leadership for delivering software-defined infrastructures that enable…

Ecobank to Shut Branches, Cut Jobs as it Expands Digital Platforms

Ecobank plans to close branches and cut jobs as the Pan-African lender steps up investments in digital platforms, its chief executive said on Wednesday. Speaking to Reuters on the sidelines of the…

African Fintech, Agribusiness Firms Attract Interest from Investors

African private equity and venture capital deal-making in April were dominated by investments in technology companies, particularly fintech and business-to-business platforms, together with…

Future of African Super Apps Relies on Great User Experience and Strong Security

Financial institutions are increasingly relying on apps and their turbo charged cousins, super apps, for much needed revenue growth. Organisations that can offer a secure, low-friction app experience…

IFC Invests $9.4 Billion for Private Sector Development in Africa

IFC provided record financing in Africa in fiscal year 2022 helping to develop regional pharmaceutical manufacturing, increase intra-Africa trade, expand access to climate financing, and strengthen…

BOI Concludes Fresh €1bn Landmark Transaction to Enhance Capacity

The Bank of Industry (BoI) has announced that it has successfully completed a landmark EURO 1 billion Guaranteed Senior Loan Facility to further enhance its capacity to deliver on its mandate, in…

Temenos Digital Leaders Summit Series Explores the Next Evolution of Banking in Africa

Changing consumer expectations, technological advancements, and regulatory reforms have seen digital transformation become an integral part of the modern banking industry. Global banking software…

One SA Bank Equals Nigeria’s Entire Banking Sector - Why Recapitalisation Is Critical for Global Competitiveness

By Blaise Udunze Nigeria has always prided itself as Africa’s largest economy and most populous nation. Currently, its banking sector is confronting a moment of truth that should send shockwaves.…

NCS Must not Compete with Commercial Payment Schemes-Experts

Global e-payment experts who converged at the second E-Payment Providers Association of Nigeria (E-PPAN) Techno-Interactive conference in Lagos recently agreed among other issues that the Nigeria…

Integrated Risk Management Approach, Key to Success - Blaauw

Andre Blaauw, group chief risk officer, United Bank for Africa (UBA) has said that to be successful, a pan-African Risk Management Strategy must achieve sound corporate governance framework, robust…

NNPC Borrows $1.5Bn to Pay Fuel Debts

Nigerian National Petroleum Corporation (NNPC) has obtained a $1.5 billion syndicated loan to help it pay debts to international fuel traders, Reuters reported Monday, quoting a senior banking source…

Nigeria, South Africa Others to Drive MVNO Market in Africa - Report

MTN Secures $3Bn Facility to Upgrade Network

MTN Nigeria, with the largest subscriber base in the country has secured a $3 billion (about N470 billion) loan facility from a consortium of local and international financial institutions to upgrade…

Top 10 Female Tech Founders To Watch In Africa

In Africa’s burgeoning, male-dominated tech scene, women remain largely underrepresented. Yet there is a tiny handful of incredible women who are launching and building successful, innovative tech…