Tag: Corporate Banking
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A pair of Black-led banks have merged to form an institution worth more than $1 billion
New YorkCNN Business — A pair of Black-led banks on opposite coasts are joining forces to become the largest minority-owned depository institution in the United States, according to FDIC data. City First Bank and Broadway Federal Bank announced their merger on Wednesday. Combined, the lenders said they would have more than $1 billion in assets.…
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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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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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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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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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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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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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