Author: Amadjiguéne Ndoye

The Tunisian investment bank CAP Bank announced the acquisition of 51% of the capital of the intermediary on the Cofib Capital Finances stock market after the green light of the Financial Market Council (CMF). With this umpteenth acquisition, CAP Bank will expand its services and will have a range of services expected from a merchant bank. Cofib Capital Finances has been active in the financial market since obtaining its stock market intermediary’s approval on the 14 April 1994. It has confirmed its presence since the merger, in October 1998, companies “Cofib”, a subsidiary of the group LA CARTE and “Capital”,…

La banque mozambicaine, Opportunity Bank SA vient d’obtenir un prêt de 1,5 million dXCHARXeuros pour les PME de la Banque allemande de développement KFW. Cette facilité de prêt a été convenue à un taux d’intérêt subventionné qui réduira les coûts de financement actuels d’Opportunity Bank et qui se traduira par une meilleure tarification pour les clients, rendant les prêts plus accessibles aux exclus du système bancaire. Les avantages de cette facilité de financement seront également améliorés grâce au soutien technique fourni par MyBucks S.A. (MyBucks), la société mère d’Opportunity Bank, qui est en train de mettre en œuvre sa plateforme…

MTN, the largest mobile operator in Africa, aims to become the largest bank in Africa. The ambitious commercial strategy was announced this January 20 by MTN CEO Rob Shuter. “We intend to build on the strength of the brand and build on the strength of distribution, as we have built an extensive informal distribution network for prepaid airtime to bring customers into a transactional banking system. We are a provider of new age transactional banking services and it is a very big imperative for us. Said the boss of the world-famous group. For MTN, the goal is to become the…

Nigerian bank United Bank for Africa (UBA) brings a touch of innovation to the face of e-banking with the introduction of Leo, the UBA Chat Banker that allows customers to use their social media accounts to perform key banking transactions. The new service will allow customers to open new accounts, receive instant transaction notifications, check their balances on the go, transfer funds and recharge their accounts. They will also be able to confirm checks, pay bills for loans, freeze accounts, request mini statements, among other things. For UBA Group Managing Director, Kennedy Uzoka “The formulation of this product is consistent…