Tag Archives: banking in Africa

Announced in Togo since July 2014, the French bank, Société Générale, officialized on 10th June, the real starting up of its activities in this country of West Africa. The new financial institution intends to serve, at first, the needs of legal entities (multinationals, institutional, State companies, local and regional large companies …

Top news; the Ghanaian Albert Essien, until then Managing director of the Ecobank Group, is replaced in his duties by the Nigerian, Ade Ayeyemi previously Managing director of the sub-Saharan division Africa of Citigroup. The new managing director of the Ecobank group will take function on 1st September 2015. This …

Unfortunate candidate in the election of 28th May that carried put the Nigerian Akinwumi Adesina at the head of the African Development Bank (ADB), Cristina Duarte foud it necessary to congratulate his opponent while reaffirming her commitment for the development of the ADB. An extract of her statement proposed by …

The time is for the point at the African Development Bank (ADB). Donald Kaberuka, chairman of the institution during the last ten years is satisfied by his performances at the head of the institution. Last 25th May during the opening ceremony of the annual meetings of the bank, he evoked …

The Moroccan giant, Attijariwafa Bank is announced in Egypt. According to the Jeune Afrique Magazine that revealed the broke the news, the group managed by Mohamed El Kettani, is getting ready to buy back the Piraeus Bank Egypt detained at 98.3 % by the Greek banking group, Piraeus. In case …

According to the managing staff of the Burkinabe subsidiary of the Pan-African banking group, Ecobank, « the bank registered good results in spite of the difficult national and international context« . It appears that Ecobank Burkina made in 2014 a total balance of 605.60 billion FCFA or a progress of 15 % …

The Rwandan, Dr. Donald Kaberuka, is living his last glory and happiness moments as chairman of the African Development Bank (ADB). He will reach the end his mandate in September. His successor will be revealed on the coming 28th May at the head office of the Bank in Abidjan. During …

According to a study published by the strategy consulting international cabinet, BCG (Boston Consulting Group), while the Africans will use their mobiles to pay their invoices or send money to their close relations, the Mobile Banking prosperous market could reach a value of 1.5 billion dollar within 4 years. The …

The Moroccan Bank for Foreign Trade (BMCE Bank) realized a net profit of 1,94 billion Moroccan dirham (195 million dollars) in 2014 or 58 % increase with regard to 2013. The group that continues its expansion on the African market intends to change name. On 23rd March 2015 during the …

Present in Kenya with 135 agencies and 38 branches in Naïrobi, Equaty Bank is a reference in Africa. The bank created in 2014 only has just won the prestigious award of the African Bank of the Year 2015 during the third edition of the Africa Ceo Forum held in Geneva. …

The year 2014 favorably ended for the BOA (Bank Of Africa). The banking group indicated having realized a 90 million euro consolidated net profit, a 58.5 % increase with regard to the previous exercise. The banking group mainly detained by the Moroccan bank, BMCE Bank, innovates in the African countries …

The Burkinabe banker, Idrissa Nassa, was raised at the head of the group of the managers of banks and credit institutions of Africa. This group includes the main managers of banks and credit institutions of Africa. Chairman and Chief Executive Officer of Coris Bank International, Idrissa Nassa is reputed hard-working …

According to James Mwangi, the CEO of Equity Group, Equitel, the virtual telephone company of the group, specialized in the mobile money, will have 5 million users before June 2015. It is the challenge settled by the company declares to have already registered 450 000 costumers. Equity Group is confident …

The banking net product of the Bank Of Africa (BOA) Senegal got a 40,2 % progress during the 3rd quarter of 2014 compared to the 3rd quarter of 2013, reports the APA agency with this banking institution based in Dakar. This banking net product, that is the equivalent of the …

The Financial Times banking magazine, Banker, recently published the results of its « Banker Awards 2014« . At the end of this ranking, it is the Cameroonian subsidiary of Ecobank, the Pan-African Bank, that was appointed the best bank of year 2014. The announcement was made by the managing director of the …

The adoption of a sub-regional bank card is henceforth part of priorities of the governor for the Bank of Central African States, Lucas Abaga Nchama. During the Gimac general assembly, he reaffirmed his desire to realize this project before the end of his mandate. « We would like it becomes the …

During the inauguration of the « Maison de l’Entreprise » (Company House) introduced by the Ivory Coast employers, the president of Ivory Coast, Alassane Ouattara invited the banks of Ivory Coast to get more involved in SMEs. According to Mr. Ouattara, financial institutions give less interest to SMEs and consequently, « they should …