December 8, 2016


Nedbank becomes first bank in South Africa to deploy NCR’s Interactive Services software

NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that Nedbank (JSE: NBKP), one of the largest banks in the country, will be the first bank in South Africa to introduce NCR Interactive Teller. Built on modern hardware, this software-based technology allows the user to complete up to 80 percent of transactions typically completed inside a physical branch with a live video teller at an ATM.

NCR has integrated its Interactive Banker, tablet banking software with the Interactive Teller to"...

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December 7, 2016


Tony Elumelu signs investment agreement with leading Moroccan bank

On Monday, 6th of December 2016, Tony O. Elumelu, C.O.N, Chairman, Heirs Holdings signed a Memorandum of Understanding with (MOU) Mohamed Benchaaboun, Chairman/CEO of a leading Moroccan bank, Banque Centrale Populaire (BCP) on investment.

“This is an opportunity for the private sectors of both countries to collaborate to leverage on opportunities for sustainable economic growth,” Tony Elumelu said.


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December 5, 2016


Attijariwafa Bank, UBA sign MoU

Two African leading banking groups – Attijariwafa Bank and United Bank for Africa (UBA) Plc – have signed a Memorandum of Understanding (MoU) to strengthen their collaborative efforts in correspondent banking, investment funding, trade finance and project finance on the continent.

The framework document, which outlines key areas of cooperation between Attijariwafa and UBA was signed when His Majesty King Mohammed VI visited President Muhammadu"...

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December 5, 2016


US$118 bn foreign exchange reserves in late 2016, announces Loukal

Algeria's foreign exchange reserves are expected to decrease to a level amount ranging from US$117 billion to 118, against US$119 bn in late October, announced Saturday Governor the Bank of Algeria Mohamed Loukal.

"The preservation of reserves at this level depends on the increase in oil price, the reduction of imports and continuous US dollar stabilization," stressed Loukal on the sidelines of the African Investments and Business Forum that opened"...

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December 4, 2016


We’ve Opened New Electronic Payment Frontier In Africa’

Dr. Yinka Adedeji, Divisional Head of Consumer and Digital Banking, United Bank for Africa (UBA) Plc in an interactive session with CHIMA AKWAJA and other select journalists, x-rays recent policy initiatives by the apex bank, new technological innovations developed by UBA and the future of e-payments.

Looking at consumer and digital banking convergence, how has your bank deepened its e-channels adoption?


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December 4, 2016


Public banks to open subsidiaries abroad, says Babaammi

Minister of Finance Hadji Babaammi said Saturday his ministerial department is considering the opening of subsidiaries for national public banks abroad, including in Africa.

"The opening of Algerian bank subsidiaries abroad, including in African countries, is under study at the ministry," Babaammi told reporters on the sidelines of the African Investment and Business Forum.


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December 3, 2016


Sellal: Series of measures to regulate, revive exchange markets

Premier Abdelmalek Sellal stressed Thursday in Algiers that the Bank of Algiers has adopted a series of measures to regulate the exchange market and revive exchange offices in Algeria.

In response to an oral question asked by a member of the People's National Assembly (Lower House of Parliament) read by Minister of Relations with Parliament, the Premier recalled the regulatory measures designed to regulate the foreign currency exchange market through"...

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December 3, 2016


The best and worst banks in South Africa for customer service

New data from marketing and research firm, BrandsEye, reveals which South African banks have drawn the most positive and negative sentiment among customers over the past year – and which bank offered the best service.

The group tracked social media activity relating to South Africa’s big five banks, and analysed customer comments for both positive and negative sentiment – largely focusing on service.


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December 1, 2016


GCF: African investors coming of age

The rise of local institutional investors in Africa has allowed for capital markets on the continent to continue to develop, despite overall market slowdown.

At the Global Custody Forum in London, one delegate from a global bank with significant African exposure explained: "The emergence of domestic institutional investors has been a big driver of growth."

He added: "The economic impact has not stopped capital market developments.""...

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November 30, 2016


Wealthy Indian family pleads South African court to ask banks to give details for closing accounts

The Gupta brothers, one of the most influential families in South Africa – accused of using their influence over President Jacob Zuma and are embroiled in a corruption probe – have called on the country's high court to force the Financial Intelligence Centre (FIC) to release details regarding the closure of their business accounts.


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