Banking

July 15, 2018

1

UBA emerges best Institution in digital banking across Africa

Pan-African financial services group, United Bank for Africa Plc, was named Africa’s best bank in the Digital category at the prestigious Euromoney awards in London.

The Euromoney awards ceremony, which was held on Wednesday, July 11, 2018 covers more than 20 global product categories, best-in-class awards and the best Banks in over 100 countries around the world, recognising institutions that have demonstrated leadership, innovation, and"...

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July 14, 2018

2

UAE Exchange rebrands its Africa operations as Unimoni

UAE Exchange, a global money transfer, foreign exchange and payment solutions brand, has announced the rebranding of its Africa operations as “Unimoni”.

The announcement was made by Promoth Manghat, Executive Director of Finablr and Group CEO, at an event held in Nairobi, Kenya, in the presence of dignitaries, partners and other guests.

Short for ‘Universal"...

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July 14, 2018

3

Afreximbank, WTC Miami sign MoU to Expand US-Africa Relationship

The African Export-Import Bank (Afreximbank) and the World Trade Center Miami Inc (WTCM) have signed a three-year memorandum of understanding (MoU) that will enable the two institutions benefit from each other’s knowledge, experience and capabilities in pursuing the expansion of US-Africa business relationships.

Under the terms of the MoU, signed on 12 July during the Afreximbank Annual Meetings and 25th Anniversary Celebrations taking place"...

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July 11, 2018

4

IFC, Moroccan Capital Markets Authority promote green bonds

IFC, a member of the World Bank Group, and AMMC, the Moroccan capital markets authority have announced a comprehensive set of guidelines for new financial instruments to address climate change and drive positive social outcomes in the country.

The new guidelines have been developed by AMMC with advisory support from IFC, and comprise updated guidelines for Morocco’s green bonds market, as well as a new framework for the social and sustainability"...

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July 10, 2018

5

Hafez Ghanem appointed World Bank Vice President for Africa

The World Bank has appointed Hafez Ghanem as the new World Bank Vice President for Africa, effective July 1.

A development expert with over 30 years of experience, Ghanem will lead an active regional portfolio consisting of over 600 projects totaling more than $71 billion.

Under Ghanem's leadership, the World Bank will continue to support inclusive growth and poverty"...

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July 10, 2018

6

Diamond Bank Nigeria appoints Oluseyi Bickersteth Chairman, BoD

Diamond Bank has announced the appointment of Mr. Oluseyi Bickersteth as the new Chairman of the Board of Directors effective June 26, 2018.

He takes over from Prof. Chris Ogbechie who retired with effect from March 31, 2018, after completion of his tenure.

The Bank in a notice dated July 2, 2018, signed by Uzoma Uja, Company Secretary/Legal Adviser, to the Nigerian Stock"...

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July 5, 2018

7

Kuwait National Exchange Rebrands as Unimoni

Kuwait National Exchange WLL, a leading money transfer and foreign currency exchange provider and a member of the UAE Exchange Group, announced its rebranding as “Unimoni”. This makes Kuwait the second country in the Group’s global network to adopt the Unimoni brand. Unimoni, short for “Universal Money”, will drive the agenda of providing a broad spectrum of innovative financial services across geographies, currencies and channels, enabling customers to achieve their financial ambitions.

"...

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July 4, 2018

8

Millennium Challenge Corporation announces new collaboration with AfDB

The U.S. Government’s Millennium Challenge Corporation (MCC) Chief Operating Officer Jonathan Nash and African Development Bank (AfDB) Group Senior Vice-President Charles Boamah have announced new opportunities for collaboration between the institutions.

The announcement was made during the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) mission stop in Côte d’Ivoire.

“We"...

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July 4, 2018

9

Jumhouria Bank of Libya Selects SmartStream to Deliver Real-Time Operational Control

(AETOS Wire) -- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced Jumhouria Bank, the largest bank and branch network in Libya, has signed a deal for SmartStream’s Corona solution for the delivery of intra-day reconciliations management across cash, cards, branch, central bank and payment transactions.

The need for a solution developed"...

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July 3, 2018

10

Barclays Investment Banking Unit to Expand Operations Again?

After years of divesting operations across the globe to focus more on the U.K. and the U.S markets, Barclays ' BCS investment bank intends to re-enter South Africa and South Korea. This was reported by the Financial Times citing persons familiar with the matter.

Barclays' plan to expand investment banking is in the initial stage, with South Africa and South Korea identified as two important"...

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