Banking

March 9, 2020

1

EIB launches new study confirming strong growth and impact of African banking

The European Investment Bank has published the new edition of the “Banking in Africa” series: “Financing Transformation amid Uncertainty”. It is the fifth edition of this economic report that analyses recent developments in the African banking sectors. Based on both macroeconomic and survey data, the report addresses structural issues and investment opportunities in Africa and frames policy options for all stakeholders.

The"...

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March 5, 2020

2

AfDB trains fashion and creative industry entrepreneurs in Kenya

The African Development Bank’s (AfDB) Fashionomics Africa initiative hosted 110 entrepreneurs from the textile, apparel and accessories industry for a workshop on how to establish a successful fashion brand. Eighty-eight participants of the workshop, the first to be held in Nairobi, were women.

More than a dozen industry insiders, public and private sector leaders shared experiences and expertise on business and financial acumen, access to"...

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March 5, 2020

3

Standard Bank South Africa migrates SAP cloud platform to Microsoft Azure to boost efficiency

Standard Bank South Africa is moving its core SAP Cloud Platform services to Microsoft Azure to significantly improve the experience customers have with the bank, while enabling it to introduce new solutions to market more efficiently.

This accelerates the digital transformation of SAP customers to S/4HANA by partnering with Microsoft and using jointly developed reference architectures, roadmaps, and industry best practices. Many enterprises are"...

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March 3, 2020

4

i2c Expands Presence in Middle East and Africa Due to High Demand for Its Agile Processing

i2c Inc., a leading provider of payment and open banking technology, today announced it is expanding its presence in the Middle East and Africa (MEA) due to high demand in the region for its solutions. i2c partners with financial institutions, fintechs and governments using its unique i2c agile processing technology and APIs to bring innovative credit, debit, prepaid, and multi-currency solutions to market quickly. To support the growth in MEA, i2c added a General Manager position to its team and is announcing today the appointment of payments industry veteran Aurangzaib Khan to the position. Khan is based in Dubai. Prior to joining i2c, Khan was VP, Government Business Development for Mastercard in the UAE and Oman where he managed government relationships and engagement in the areas of policy and regulation, fostered commercial initiatives and grew revenue. Other senior Mastercard positions......

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March 2, 2020

5

Jim McCarthy Joins i2c as President

i2c Inc., a leading provider of payment and open banking technology, today announced the appointment of Jim McCarthy as President of the company. Reporting to i2c CEO and founder Amir Wain, McCarthy is responsible for i2c teams working with clients, partners and prospects. He is based at i2c headquarters"...

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February 27, 2020

6

Afreximbank, FCI to promote factoring to East African SMEs

The African Export-Import Bank (Afreximbank), in collaboration with FCI, will hold a two-day conference in Nairobi to promote the use of factoring to enhance access to financing for small and medium-sized enterprises (SMEs) in East Africa.

The Regional Conference on Factoring and Receivables Finance is scheduled to take place on 27 and 28 February and is expected to attract about 120 senior executives from factoring companies, banks and non-bank"...

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February 26, 2020

7

Ireland moves closer to becoming the 81st member of the AfDB Group

Ireland moved a step closer to becoming a member of the African Development Bank Group after a government delegation on Monday deposited ratification instruments during an official visit to the Bank’s Abidjan headquarters.

The delegation, led by Paul Ryan, Director, International Finance Division of Ireland’s Department of Finance, included Patrick Mulhall and Renee Martin of the Department of Finance, and Laura Gibbons from the Department"...

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February 17, 2020

8

Western Union Launches Worldwide Coronavirus Relief Drive

(AETOS Wire)-- Today, Western Union (NYSE: WU) a leader in cross-border, cross-currency money movement and payments, and the Western Union Foundation announced a USD $1M global matching challenge to help fight COVID-19 (coronavirus) and for relief in China and other affected countries. The combined Western Union and Western Union Foundation match will be up to USD $500,000. The Western Union Foundation is accepting contributions from Western Union employees, Agents, customers, and the public, across the globe between now and April 14, 2020. The aid will be pledged to local and global NGOs, including Give2Asia and International Medical Corps* for ongoing relief efforts in China and other impacted nations throughout the world, including to purchase supplies, equipment and frontline medical treatment. As of February 13, 46,997 individuals are estimated to have been infected with COVID-19, with 1,368 deaths globally (46,550 cases and 1,368 deaths in China), according to the World Health Organization. “Western Union is a global company and we support our customers,......

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February 17, 2020

9

1.86 Customer Minutes Lost (CML) of Electricity per Year in Dubai

Dubai Electricity and Water Authority (DEWA) has achieved a new world record in electricity Customer Minutes Lost (CML) per year. DEWA recorded 1.86 minutes, in Dubai, compared to around 15 minutes recorded by leading electricity companies in the European Union. This is a new addition to DEWA’s record of international achievements in electricity and water services.

“At DEWA, we work according to the vision and directives of our leadership"...

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February 13, 2020

10

Ecobank Group enters cross-border remittance partnership with Alipay

Pan-African bank, Ecobank, has signed a cross-border remittance agreement with Alipay, the world's payment and lifestyle platform that aims to bring more inclusive financial services by providing a fast, safe, affordable and convenient way for workers to transfer money back home.

The partnership will facilitate instant transfers from Rapidtransfer, Ecobank's remittance solution, to users of Alipay, which serves more than 1.2 billion people"...

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