Tag Archives: African banks

Safe banking in the virtual money market

On the back of the digital transformation, the virtual money market has seen exponential growth and has changed the way that many people deal with money.  While it may be difficult to imagine a cashless society, it’s important to understand that money is merely an agreement to use something as a medium of exchange. The function and purpose of cash is, therefore, assigned by our cultural and social systems. read more

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Societe Generale launches YUP, a new alternative to the traditional banking model in Africa

Deployed in Ivory Coast and Senegal, YUP already has more than 30,000 open wallets and nearly 600 agents read more

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European Regulators Join African Banks to Discuss Economic and Financial Stability

Africa has witnessed a rapid expansion of cross-border banking, led by banking groups based in Africa that are spurring financial and economic integration and transforming the continent’s financial landscape. These institutions are occupying a space created by the retreat of several global bank groups from Africa in the wake of the crisis. African banks headquartered from Morocco to South Africa have each established business operations in at least 10 countries. Ecobank, headquartered in Togo—is present in more than 30 countries on the continent. read more

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African banks look to fill gap left in trade finance as Europe pulls back

International commodity traders are turning to African banks to finance trade transactions as the global economic slowdown, Eurozone debt crisis and tougher capital requirements force international banks to pull back their lending in Africa. read more

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AfDB Approves a US $200-million Facility to Reinforce Ecobank’s Trade Finance Capacities

Ecobank Transnational Incorporated is registered and headquartered in Lomé, Togo, as a pan-African bank holding company. It has presence in 32 African countries, and is represented in France through its affiliate, EBI S.A. Ecobank has representative offices in Beijing, China, Dubai, United Arab Emirates and the UK. Its shares are listed on the Ghana, Nigeria and BRVM (UEMOA) Stock Exchanges. ETI has 18,321 employees and 1,200 branches and offices. read more

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AfDB Approves US $200-million Risk Participation Facility to Standard Chartered Bank

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JinkoSolar to Supply 81 MW WBHO-Building Energy in South Africa

SHANGHAI, Dec. 12, 2012 /PRNewswire-FirstCall/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), a leading global solar power product manufacturer, today announced that it has signed a contract with fix price to supply WBHO-Building Energy (Pty) Ltd. (“WBHO-BE”) with 81 MW of photovoltaic (PV) modules for the solar PV park project in Gamagara Local Municipality, Northern Cape Province, South Africa. read more

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Joburg and Standard Bank in new banking partnership

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South African Banks and Retailers Advancing Credit Strategies with Optimization Analytics from FICO

LONDON, Feb. 8, 2012 /PRNewswire/ — FICO (NYSE: FICO), the leading provider of analytics and decision management technology, today announced that South African credit grantors are increasingly adopting decision modeling and optimization analytics to improve their credit strategies. In the past few months, FICO has signed three new clients – all leading retailers and banks – to its list of South African clients using the most advanced analytics to develop strategies that outperform the market. read more

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