Tag Archives: Banking

New wave of fraud targeting bank customers

Fraud continues to pose the risk of serious financial losses for banking customers.  All indicators are pointing towards the fact that there are new scams and an increasing number of the victims, warns Reana Steyn, the Ombudsman for Banking Services (OBS). The basic modus operandi of these scams is not new. However, over the years, […]

Make your money work harder and smarter by using your home loan to save

By: Andrea Tucker, Director at MortgageMe We get it. The thought of paying off a house every month for the next 20 to 30 years isn’t exactly thrilling. But if managed carefully, you can use your bond to your advantage and build a nest egg of savings for life’s little and not-so-little emergencies. The why […]

Carlson Rezidor announces the Radisson Blu Hotel, Port Harcourt, Nigeria

The Carlson Rezidor Hotel Group – born in early 2012 – is one of the world’s largest and most dynamic hotel groups. The portfolio of the Carlson Rezidor Hotel Group includes more than 1,300 hotels, a global footprint spanning 80 countries, a powerful set of global brands (Radisson Blu, Radisson®, Country Inns & Suites by […]

African Banking innovation sees AfDB approving multi-currency line of credit of USD 300m

By Thandisizwe Mgudlwa The African Development Bank has extended the equivalent of USD 300 million to FirstRand Bank Limited to support projects across Africa This week an announcement from Tunis, Tunisia, revealed that the African Development Bank has approved a seven-year multi-currency line of credit for an amount equivalent to USD 300 million to FirstRand […]

IMF to open regional training center for Sub-Saharan Africa in Mauritius

By Wallace Mawire The International Monetary Fund (IMF) plans to establish a Regional Training Center (RTC) for Sub-Saharan Africa in Mauritius, according to a spokesperson. RTCs elsewhere in the world have facilitated the training of government officials on the formulation and implementation of macroeconomic policies as well as related statistical and legal frameworks. With support […]

Standard Bank Group to scale back its international operations

  Given the challenging global economic climate and evolving regulatory regime for banks, Standard Bank Group’s Corporate & Investment Banking business (CIB) is continuing to right size its international operations in a responsible and deliberate manner. As part of this process, CIB will be driving higher levels of efficiency in both its front and back […]

Standard Bank Group commits R9.4bn to first batch of renewable energy projects

Standard Bank Group has emerged as the leading investor in the first round of South Africa’s renewable energy independent power producer (REIPP) procurement process, backing a total of 11 wind and solar projects. Standard Bank Group will provide comprehensive corporate and investment banking services to all its clients, including underwriting R9.4-billion worth of debt, providing […]

IMF Concludes ECF Review Mission to the Central African Republic

BANGUI, Central African Republic, November 8, 2012/African Press Organization (APO)/ – A mission from the International Monetary Fund (IMF) led by Mr. Norbert Toé visited Bangui, Central African Republic (CAR), during October 24 to November 8, 2012 to conduct the first review of the three-year program supported under the Extended Credit Facility (ECF). The mission […]