Banking |

Bank of England pauses rates – and the market expects it to last

LONDON (Capital Markets in Africa): The Bank of England maintained rates at 4.75% as expected. The committee voted 6-3 to keep rates on hold, with three voting for a cut. What this means for annuities, what this means for savings, and what about mortgages? Susannah Streeter head of money and markets, Hargreaves Lansdown: “There’s a chill spreading just before Christmas, with interest rate cuts on ice, and cold water being thrown on hopes for a…

18th Edition Connected Banking Summit – Innovation & Excellence Awards – West Africa 2024.

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The International Center for Strategic Alliances (ICSA) proudly announces the 18th Edition of the Connected Banking Summit – Innovation & Excellence Awards – West Africa 2024, set to take place in the vibrant city of Accra, Ghana, on November 19-20, 2024. This premier event promises to deliver two days filled with cutting-edge insights, dynamic discussions, and unparalleled networking opportunities. Transforming the Future of Banking Join global executives, industry experts, and visionary leaders from the Banking,…

Alejandro Betancourt López’s Vision for Mobile Banking in Africa’s Financial Growth

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LAGOS (Capital Markets in Africa): Mobile banking has emerged as a game changer in Africa, offering innovative solutions to financial inclusion and economic development. Entrepreneur and investor Alejandro Betancourt López believes mobile banking has opened new avenues for financial services, especially in regions with limited access to traditional banking infrastructure. Alejandro Betancourt López emphasizes the importance of mobile banking in his blog post “Importance of Mobile Banking in Africa’s Financial Development.” Betancourt López wrote that…

Bolstering the Future: Celebrating Innovation and Financial Inclusion at the 15th Edition Connected Banking Summit – Ethiopia 2024

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Addis Ababa, Ethiopia – August 14, 2024 – Ethiopian Skylight Hotel – The Ethiopian Skylight Hotel in Addis Ababa became the center of innovation and excellence on August 14th, 2024, as it hosted the 15th Edition Connected Banking Summit – Ethiopia Innovation & Excellence Awards 2024. This significant event celebrated outstanding achievements in the banking and financial services industry, centered around the theme “Bolstering the Economy with Digitization and Financial Inclusion.” A Dynamic Platform for…

Honouring Excellence: Our Esteemed Sponsors and Media Partners at the 15th Edition Connected Banking Summit – Ethiopia 2024

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Addis Ababa, Ethiopia – August 14, 2024 – The 15th Edition Connected Banking Summit – Ethiopia 2024, held on August 14th, was a tremendous success, made possible by the exceptional support of our sponsors and media partners. Their involvement was crucial in convening industry leaders, innovators, and experts to discuss and shape the future of banking in Ethiopia. Our Sponsors: •Platinum Sponsor: EFT Corporation •Gold Sponsors: Mobifin, Infosys Finacle •Official Cyber Security Partner: Kaspersky •Bronze…

Innovative payment technology for African Mobile Money Operators: VeryPay

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Can you tell us what VeryPay is all about? We see a future where African citizens are financially included by using our innovative payment technology to go cashless, create digital financial records, get access to credit and improve their livelihoods. Our mission is to simplify mobile money payment processes currently operated by telcos for citizens across Africa. By introducing our closed-loop contactless tap-and-go payment technology to mobile wallet operators, we bring speed and convenience to…

Apex Group to administer first of a kind climate fund to boost green investment

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JOHANNESBURG (Capital Markets in Africa) – Leading financial services provider Apex Group has been appointed as the Alternative Investment Fund Manager (AIFM) and administrator of a first of a kind fund aimed at supporting renewable energy infrastructure in Sub Saharan Africa. The Gaia Africa Climate Fund is targeting investment of up to $200 million in assets. The fund will allow institutional investors to participate in the equity of established utility-scale renewable energy projects in African…

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