INTERNATIONAL BANKER 2020 MIDDLE EAST & AFRICA AWARDS WINNERS

INTERNATIONAL BANKER 2020 MIDDLE EAST & AFRICA AWARDS WINNERS

Online – 2020-MEA Logo The economic impact of the coronavirus has led to Kenya’s seven largest banks restructuring loans worth Sh176 billion—equivalent to 6.2 percent of the industry’s total gross loan book of Sh2.8 trillion. The pandemic has damaged Kenyan borrowers’ ability to repay their loans, particularly within the tourism sector, which has felt considerable […]

Access Bank supports less privileged in Covid-19 fight

Access Bank supports less privileged in Covid-19 fight

Access Bank Ghana has stepped up its Covid-19 support efforts by earmarking ¢300,000 for food, sanitary and Personal Protective Equipment (PPEs) to over 15 municipalities across the country. This is in response to calls to help alleviate dire situations in various communities across the country. The beneficiary municipalities selected for this intervention, which are dotted […]

Nigeria’s Access Bank injects $9m into Rwandan subsidiary

Nigeria’s Access Bank injects $9m into Rwandan subsidiary

Nigeria’s Access Bank is boosting the performance of its East African subsidiaries. PHOTO | FILE | NATION MEDIA GROUP Nigeria’s largest retail bank, Access Bank Plc, has more than doubled its investment in its Rwandan subsidiary after acquiring Kenya’s Transnational Bank four months ago. Access Bank, with more than 36 million customers across the continent, […]

Companies Resort To Virtual AGMs As 2 Local Firms Drive COVID-19 Response

Companies Resort To Virtual AGMs As 2 Local Firms Drive COVID-19 Response

In response to the COVID-19 pandemic, two indigenous firms have embarked on an initiative to partner public listed companies in the country to hold their Annual General Meetings (AGMs) electronically. The firms — Npontu Technologies Limited, which is into IT, and Novelty Innovations, a videography firm — have already provided virtual solutions for Access Bank […]

e-payment channels to the rescue

For years, Nigeria’s rush towards cash-less economy was greeted with mixed feelings of approval and rejection. But the coronavirus pandemic has made the use of alternative banking channels inevitable, writes COLLINS NWEZE. The week of economic resumption after the five-week lockdown in Lagos was an eyesore for many bank customers. Even banks that have for […]

Companies resort to virtual AGMs as 2 Local firms drive COVID-19 response

Companies resort to virtual AGMs as 2 Local firms drive COVID-19 response

Shareholders at Access Bank’s virtual AGM In response to the COVID-19 pandemic, two indigenous firms have embarked on an initiative to partner public listed companies in the country to hold their Annual General Meetings (AGMs) electronically. The firms — Npontu Technologies Limited, which is into IT, and Novelty Innovations, a videography firm — have already […]