Ecobank Group has appointed Aissatou Djiba Diallo, former Microsoft head of innovation in Africa, as its new Senior Fintech Advisor to strategically raise its fintech sector. Ecobank was to play a major role in helping Africa’s fintech sector achieve significant global market share As the new advisor, Diallo will lead Ecobank’s fintech initiatives and advise […]

With the implementation of the solar energy system at a branch of Unity Bank in Bauchi, Nigeria, Daystar Power successfully installed its 100 th solar power system since the company’s foundation in 2017. This corresponds to a growth of 733% in the number of installed systems compared to the previous year, and a twenty-fold increase […]

Advans La Fayette In order to leverage its transformation drive, Advans La Fayette Microfinance Bank has announced the appointments of new executive staff members. The company appointed Gaëtan Debuchy as its new Managing Director/Chief Executive Officer, while Obinna Ukachukwu was appointed as the Deputy/Chief Executive Officer. More so, Jean-Luc Nzoubou was got appointed as the […]

Mumias Sugar Company Limited./file KCB has announced plans to place the troubled miller Mumias Sugar Limited under receivership. The bank has appointed PVR Rao (Tact Consultancy Services) as the sugar company’s receiver manager. Rao has been acting as the appointed receiver and manager of the KCB long-term debt charged against the firms’assets. The powers conferred […]

Nairobi — Kenya Commercial Bank has placed Mumias Sugar under receivership, a move it says will protect its assets. This is after the sugar miller defaulted to pay up the Sh12.56 billion loan it owes creditors, among them KCB, Ecobank Kenya and Commercial Bank of Africa. KCB has also appointed PVR Rao of Tact Consultancy […]

Students Loan Trust owed GHS75m – over 55,000 defaulted since 2012 More than 55,000 people owe the Students Loan Trust Fund (SLTF) GH¢75 million, representing default in the repayment of the loans students took to cushion them while in school. Out of the number, about 35,000 have made some form of payment, leaving more than […]

SEIDU AGONGO, the majority shareholder of collapsed Heritage Bank, is grieving over a public announcement made recently that the bank’s assets were due to be auctioned. Heritage Bank, which is currently under receivership, was one of nine banks whose licences were revoked since 2017. It did not pass the Bank of Ghana’s benchmark for strong […]

Embattled businessman and philanthropist, Alhaji Seidu Agongo, has written an emotional article on the collapsed Heritage Bank Limited after news broke Thursday, September 6 that the bank’s assets were due to be auctioned. In the article titled ‘a sad end?’ the businessman, who was the significant shareholder of the now defunct bank, said he envisaged […]

"Banks in Liberia must all transform themselves or they will be like dinosaurs," says John B. S. Davies, III, President of LBDI LBDI’s new platform targets youth, expands agent network across Liberia With high unemployment rate in the country, the president of the Liberia Bank for Development and Investment (LBDI) has announced new development that […]