FNB officially launches in Tanzania

First National Bank, a division of FirstRand Bank Limited has announced the official launch of First National Bank Tanzania Limited. Since commencing their operations in July 2011, FNB's operations have performed well in Tanzania and are in line with expectations illustrating the sound investment and business opportunity provided in the country. 3 Feb 2012 07:26

COMESA Summit ends, new chair appointed

[Gregory Gondwe] The 15th COMESA (Common Market for East and Southern Africa) Summit of Heads of State and Governments came to an end on Saturday 15 October 2011 with the announcement of the newly appointed chairman of COMESA, Malawian President Bingu wa Mutharika. 17 Oct 2011 12:19

Mobile: 'world-first' virtual payment card launches in Kenya

NAIROBI, KENYA: Airtel Africa, Standard Chartered Bank and MasterCard have rolled out what is claimed to be the world's first virtual payment card on a mobile phone. 15 Sep 2011 09:37

Mobile banking opportunities in Africa

[Dr KF Lai] Mobile-savvy consumers want to do more for their phones and this presents opportunities for Africa's banks and their merchant partners. 17 Mar 2011 10:06

Revive IMF program or no assistance, donors tell Malawi

[Gregory Gondwe: @Kalipochi] Malawi's donors under the Common Approach to Budget Support (CABS) have asked the country to revive its International Monetary Fund (IMF) program or forget their financial assistance. 8 Dec 2011 13:33

Gulf African Bank to host Islamic Finance Conference

Gulf African Bank will host the third East and Central African Islamic Finance Conference on 28-29 March 2011 at the Crowne Plaza Hotel, Nairobi. 23 Mar 2011 10:44

Online banking on the rise in Southeast Asia

SINGAPORE: comScore, Inc has released the latest results from a study of Internet usage in Southeast Asia. The report found that an increasing number of consumers across the region turned to online banking throughout 2010. 9 Mar 2011 06:56

The new savvy British consumer

LONDON, UK: There's a change taking place in the UK as consumers start taking control of when, how and where they shop. Power is shifting from retailers to consumers and retailers need to adapt to survive. The retail space is ever changing and evolving- the role of social media, mobile & TV continues to grow, as will innovation in the sector. 21 Apr 2011 07:47

Being retired is a time for relaxing, right? Wrong!

That's if you are in Zimbabwe, that is... Following the land grab, agriculture collapsed and the Zimbabwean economy also collapsed - and hyperinflation wiped out savings. 30 Dec 2011 08:47

Imara wins big at Africa Fund Manager Performance Awards

Imara, the pan-Africa financial services group was honoured two of the top investment accolades at the inaugural Africa Fund Manager Performance Awards, which took place on Tuesday 11 October 2011 at Mount Nelson Hotel, Cape Town, South Africa. The awards aims to recognise and celebrate investors whose funds have excelled and outperformed their peers across the sub-Saharan fund management markets. 13 Oct 2011 12:52

Growth of mass affluent population to return across all markets

LONDON, UK: Datamonitor predicts that the number of mass affluent consumers (those with more than US$50 000* in onshore liquid assets) will return to growth in established markets** after declining during the recession. The client base will continue to rise in emerging markets, with particularly strong growth for countries such as Singapore. 5 Apr 2011 08:55

Western Union offers no-fee money transfers to Japan

ENGLEWOOD, US: Western Union Company, a leader in global payment services, in cooperation with its agents, has activated a limited-time "No Transfer Fee"* program for money-transfers sent to Japan from participating agent locations around the world. 18 Mar 2011 07:16

Private sector deals send positive signal to financial services sector despite falling values

LONDON, UK: While deal values in the financial services sector dropped off in the final quarter of last year, PwC experts believe that this decline will not change the positive trend of increasing mergers and acquisitions (M&A) activity. 4 Feb 2011 06:09