Societe Generale has introduced a new alternative to the traditional banking model in its operations in Africa.

YUP is a mobile money solution that allows users to access a full range of transactional and financial services even without a bank account.

Customers can withdraw, deposit and transfer money, pay bills, buy phone credit and make payments to merchants on the"...

A proposal for the establishment of a gold stock exchange has been endorsed to secure funding, combat smuggling and indigenize gold industry.

The council of the ministry of minerals in its 4th session on Tuesday chaired by the Minister of Minerals Hashim Ali Salim agreed a proposal for the establishment of a gold stock exchange.
The stock exchange aims to secure funding, combat smuggling and indigenize gold industry. The Minister told reporters"...

TSYS (NYSE: TSS) announced today that it has signed a software licensing and services agreement with UAE leading financial institution, Mashreq Bank. TSYS will provide Mashreq with its core PRIME Issuer and Acquirer payments platform — and surrounding modules and services — to enhance the bank’s customer-centric experiences for its cardholders and merchants.

Mashreq is an award winning bank recognised for its retail and digital"...

On August 24, 2016, when the banking law was amended to deny banks a free hand in pricing loans, top on their worry was the thought about having to live without the goose that has been laying the golden eggs – the interest income from loans and advances. Half-year results are already in and the impact of capping the interest rate is clear. Net interest income for most banks has dropped putting a break on the lenders’ growth trajectory that has for long been a normal trend. Over a year of trading since the cap"...

A budget bank is booming in South Africa’s economic slump, challenging the decades-long dominance of the “big four” lenders and prompting a price war that is driving down banking costs in a country where many people can’t afford an account.

Capitec Bank has doubled its customer numbers over the past five years and quadrupled in market value, even as South Africa’s economic growth has stalled and the country has slid"...

International General Insurance Holdings Limited today reported earnings for the first half 2017 year.

The Group announced gross written premiums of $138.1 million for the first half of 2017 as compared to $126.8 million for the comparative period, an increase of 9%. Net profits amounted to $14.8 million in H1 2017 as compared to $19.8 million for the first half of 2016.

Overall,"...

Executive pay continues to be a hot topic for shareholders in South Africa and the world, with new accounting rules putting bigger focus on stakeholders’ say on how company bosses get paid.

Recent studies by advisory groups Deloitte and PwC investigated attitudes towards high pay among executives, noting that the social concerns around the high pay was coming to the fore – and would become the topic of much-heated discussion at JSE-listed"...

The state of the United Arab Emirate has granted the Bank of Khartoum the final l license to open a branch in the UAE, after the bank has fulfilled all the organizational, monitoring and trade requirements in accordance with the license given in the year 2016.
The Khartoum Bank is one of the oldest banks in Sudan with more than 100 years of experience since it was founded in 1913. The Bank was privatized in 2005 with the entry of Dubai Islamic Bank as a strategic partner. The Bank has carried out many activities at"...

The African Export-Import Bank (Afreximbank) has met with leading Nigerian investors to push for strong participation in the bank’s $300 million equity offering.

Dr Benedict Oramah, the President of Afreximbank, told the investors that the equity offering would be issued through depository receipts backed by its Class “D” shares for new and old investors in the bank. The Class “D” shareholders can be any investor.