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Tag: Banking

UBA, others partner on customer experience

United Bank for Africa (UBA) Plc has entered into partnerships with three health-based organisations to create robust synergy for enhanced customer experience. The partnership is expected to drive financial inclusion, promote brand loyalty and promote healthy lifestyle in the ever-evolving societal landscape. Group Head, Marketing and Corporate Communications, Alero Ladipo, who spoke during the signing ceremony…
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August 4, 2023
Zimbabwe turns to BRICS bank for funding

Zimbabwe intends to join the New Development Bank (NDB), the multilateral bank set up by the vibrant BRICS states, to expand sources of capital for infrastructure development, according to Finance, and Economic Development Minister Professor Mthuli Ncube. Mthuli revealed this in an interview with CGTN Africa, an African division of China Global Television Network, the…
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July 12, 2023
In Zimbabwe, digital gold beats bitcoin

The Reserve Bank of Zimbabwe is trying something new. Or rather, something very old. You think you’ve got problems? Consumer price inflation in Zimbabwe is running at 75% a year. And that’s only the official rate. The International Monetary Fund thinks it’s nearer 175%. Either way, you get your paycheck and you run, not walk,…
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June 23, 2023
African Bank acquires Grindrod Bank in R1.5-billion deal

JOHANNESBURG (May 26, 2022) – African Bank has acquired 100% of Grindrod Bank which will allow it to accelerate its entry into the South African business banking sector. Grindrod Bank is wholly owned by Grindrod Limited.The deal is worth R1.5-billion. African Bank’s CEO Kennedy Bungane says, “Following the release of our successful half-year results this…
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May 26, 2022
SoFi Cash Management Account Review

Editor’s Note: As of March 2022, SoFi is replacing its cash management account with a checking and savings option. SoFi Checking and Savings includes both a checking account and a savings account. As SoFi states at its website, “Since SoFi Checking and Savings has many of the great features of SoFi Money (plus more), we…
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March 17, 2022
Kenya is the hotbed for FinTech innovation in Africa in 2022, attracting the most seed deals in H1

Kenya was the most active FinTech seed country in the first half of 2022 with 11 deals, a 28% share of total FinTech seed deals in Africa. Nigeria was the second most active with eight deals and South Africa was third with five deals. PayTech was the most active FinTech sector for seed transactions on the…
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February 1, 2022
Lucara Adds 549-Carat White Diamond to Its Growing List of Massive Finds

Lucara Diamond Corp. just recovered a 549-carat unbroken white diamond of “exceptional purity” from its Karowe Mine in Botswana — a diamond mine that has earned worldwide recognition for producing the 1,758-carat Sewelô, the 1,109-carat Lesedi La Rona and the 813-carat Constellation diamond. Those diamonds rank #2, #3 and #8 on the list of the…
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February 13, 2020
Liberian Oil Blocks

Main Activities: Oil and Gas Extraction Full name: Chevron Liberia Limited Profile Updated: March 21, 2019 In Liberia, Chevron works through its subsidiary Chevron Liberia Limited. In September 2010, the Liberian government granted Chevron approval to acquire interests in three deepwater blocks. A year later, in 2011, Chevron opened an office in the capital of Monrovia.…
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March 21, 2019