Allianz becomes majority shareholder of Jubilee General Insurance Limited in Kenya

Allianz is now the majority shareholder of Jubilee General Insurance Limited in Kenya following the acquisition of a 66% stake (representing 1,522,622 ordinary shares)...

Alpha Digicredit, the leading mortgage brokerage agency in Senegal

Dina El Kadry launches the first mortgage intermediation platform in Senegal. Former director of mortgage loans at the CBAO Attijariwafa Bank group, this finance...

Sanlam strengthens its stake in SAHAM Assurance Maroc

The Sanlam Group is strengthening its stake in Saham Assurance Maroc, increasing it from 61.7% to 84.5% of the share capital and voting rights...

Kenya: insurer Britam to conquer Africa

Kenyan insurer Britam Holdings has decided to make further acquisitions in Africa as part of its growth strategy, internal sources reported on Thursday (April...

Nigeria: central bank blows up First Bank board

The sanction of the Central Bank of Nigeria (CBN) was not long in coming. The authority on Thursday (April 29) dismissed the entire board...

Oragroup: net income grew 314% in the first quarter

Following the closing of the accounts for the 2020 financial year of the pan-African banking group Oragroup during its Board of Directors, Oragroup is...

Africa’s recovery lagging world amid vaccine deficit

After the worst economic downturn on record, with an estimated 1.9% contraction in 2020, sub-Saharan Africa is set to lag in the recovery this...

South Africa: Absa bank launches QR Code payment to reduce physical transactions

Absa bank launched its contactless payment service via QR Code on its mobile application. This initiative is part of a campaign to reduce physical...

Bank of Africa integrates Finastra to digitize business processes

Moroccan banking group Bank of Africa has signed a partnership contract with financial software developer Finastra to digitize business processes. Conpend's TRADE AI application...

Banks: 8% increase in the profit of Société Ivoirienne de Banque in 2020

The after-tax profit of Société Ivoirienne de Banque (SIB), a subsidiary of the Moroccan banking group Attijariwafa Bank, recorded at the end of the...

Start of the activities of Outsource Monetic ™, the 1st Independent Operator of ATMs...

On March 15, 2021, Outsource Monetic ™, an Atlanta GA-based startup, officially began commercial and technical operations in West and Central Africa. Outsource Monetic ™...

Cameroon: BGFIBank to arrange the sale of the assets of the British-Norwegian group Globeleg

The financial holding company BGFIBank is at the head of a banking pool for the sale of the receivables of the company Globeleq Cameroon,...

Tunisia: Slight increase in Attijari Bank’s net banking income in Q1 2021

The net banking income (NBI) of Attijari Bank of Tunisia recorded a slight increase of 3.31% at the end of the first quarter of...

First Abu Dhabi Bank (FAB) acquires 100% of Bank Audi Egypt

After receiving the necessary regulatory approvals, First Abu Dhabi Bank (FAB), led by its CEO, Hana Al Rostamani, announced that it had initiated the...
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