Banking and Insurance

News : Banking and Insurance

Namibia: Central Bank to Conduct Balance of Payment Census

[Namibian] THE Bank of Namibia plans to conduct a balance of payment (BoP) census to increase Namibia's BoP sample size and statistics. (AllAfrica)


Tanzania: Tanzania Joins Push for Digital Infrastructures

[Daily News] TANZANIA is attending a meeting of African countries that is expected to come up with a joint method of convincing the World Bank and International Monetary Funds (IMF) to support the continent on constructing digital infrastructures in a bid to mitigate the economic effects brought by the Covoid-19 pandemic. (AllAfrica)


Nigeria: CBN Recovers N89bn Excess Bank Charges, Others

[Vanguard] The Central Bank of Nigeria, CBN, has disclosed that it has so far recovered N89.2 billion excess and illegal charges slammed on customers by banks in Nigeria. (AllAfrica)


Tanzania: NBC Launches Jamii Account for Charitable Institutions

[Daily News] NATIONAL Commercial Bank (NBC) yesterday launched 'NBC Jamii Account' for charitable institutions that attracts no monthly deductions. (AllAfrica)


Nigeria: Banks Refunded Over N89bn to Customers in June - CBN

[Vanguard] The Governor of Central Bank of Nigeria (CBN) Dr Godwin Emefiele on Thursday disclosed that at the end of June 2021, commercial banks in Nigeria refunded N89.2 billion to customers over complaints. (AllAfrica)


Namibia: Bank-Financed Houses Hit N$14,9 Billion Profit

[Namibian] A JUNE 2021 analysis by the Bank of Namibia has found that Namibian homeowners owe commercial banks about N$26,1 billion in mortgage loans, but these houses are now valued at N$41,5 billion. (AllAfrica)


Nigeria: CBN Recovers N89.2 Billion From Commercial Banks Over Customers' Complaints

[This Day] Calabar -- The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has disclosed that as of June 2021, the regulator has recovered about N89.2 billion from commercial banks in the country following investigations and verified complaints from customers of affected banks. (AllAfrica)


Nigeria: Zenith Bank PLC Is Proving Industry Mettle

[This Day] Banks are spearheading the post-global pandemic restoration of growth and economic recovery. By emerging the "Best Bank in Nigeria" for a second consecutive year in "The Global Finance Best Banks Awards 2021," Zenith Bank Plc. is reaffirming its bold industry leadership pluck. Louis Achi reports (AllAfrica)


Tanzania: CRDB Bank, Posts Corporation Re-Launch Agency Banking Deal

[Citizen] Dar es Salaam -- CRDB Bank Plc and the Tanzania Posts Corporation (TPC) yesterday re-launched their agency banking deal in an effort to boost their joint involvement with the country's financial inclusion agenda. The enhanced deal seeks to ensure that more and more Tanzanians are able to get CRDB Bank's services at TPC offices across the country. (AllAfrica)


Tanzania: NMB Scoops Best Bank and Leading Lender Awards

[Daily News] NMB Bank's has won two international awards for its outstanding financial performance and initiatives, excellence in customer service, innovation prowess and huge investment in technological solutions. (AllAfrica)


Nigeria: Nigeria's Financial System Sound, Stable, Resilient - CBN Governor

[Vanguard] Calabar -- The Central Bank of Nigeria, CBN, has revealed that it has so far recovered 89.2 billion nairas of customer's money in Nigeria based on verified complaints that were investigated and found to be true as of June 2021. (AllAfrica)


Tanzania: 'Days Numbered for Pension Fraudsters'

[Daily News] THE government has directed social security funds and financial institutions to scrutinise their systems in order to unearth root causes of pension's scams and fraud. (AllAfrica)


Tanzania: Tcb Targets Over 10,000 Agents to Boost Inclusion

[Daily News] TANZANIA Commercial Bank (TCB) plans to expand its market outreach by recruiting more banking agents with the short-term target of increasing their number to over 10,000. The lender said currently TCB has over 3,500 agents across Tanzania who are decisive factor in driving the bank's financial inclusion agenda. (AllAfrica)


Tanzania: Crdb, Tpc Agency Banking Partnership Relaunched

[Daily News] CRDB Bank yesterday relaunched its agent banking partnership with Tanzania Postal Corporation (TPC) to ease and boost services outside lenders' bricks and mortar branches. (AllAfrica)


Tanzania: Tcb Upgrades Internet Banking to Unrivalled New Heights

[Daily News] TANZANIA Commercial Bank (TCB) has upgraded its internet banking service to uniquely new heights in the market by fully integrating the digital finance solution with all national payment systems. (AllAfrica)


Tanzania: Psssf Unveils Digital App to Ease Services Delivery

[Daily News] WORKERS saving with the Public Service Social Security Fund (PSSSF) have been relieved from travelling to Fund's office to seek services as they can now access them at their fingertips. (AllAfrica)


Tanzania: Victoria Finance Profit, Dividend Up in 2020

[Daily News] VICTORIA Finance Plc has posted a pre-tax profit increase of 32 per cent last year amid the coronavirus pandemic thanks to an improvement in operating income. (AllAfrica)


Kenya: Centum, NCBA Bank Ink Mortgage Financing Deal for 5,000 Homes

[Nation] Investment company Centum and NCBA Bank have inked a deal that will see the lender provide mortgage financing to salaried and self-employed people in the NSE-listed firm's 5,000 housing units. (AllAfrica)


Namibia: Ballotti Takes New Role At Bank Windhoek

[New Era] Retuura Ballotti has been confirmed as Bank Windhoek's new Human Capital Executive, effective 1 July 2021. Her appointment was made by the bank's Managing Director, Baronice Hans. (AllAfrica)


Zimbabwe: 'Banking Sector Safe, Resilient'

[The Herald] The country's banking sector remains safe and resilient despite the shocks caused by the Covid-19 pandemic, Finance and Economic Development Minister Professor Mthuli Ncube has said. (AllAfrica)


Nigeria: Tribute to Godwin Emefiele At 60

[Daily Trust] My own governor, it gives me great pleasure to write this tribute as you celebrate your diamond jubilee anniversary. Having known you since your undergraduate days at the University of Nigeria, Nsukka, you were among the group of Banking and Finance students that came on a short excursion to the United Bank of Africa where I was the manager in charge of Strategic Planning. Our paths crossed again after you graduated and joined the banking industry, as the Deputy Managing Director, Zenith Bank and up on til (AllAfrica)


Nigeria: Despite Economy Headwinds, FBN, ETI, 5 Other Banks Profit Soar By 12% in H1

[This Day] Amid challenges facing the Nigerian economy, Ecobank Transnational Incorporated (ETI), FBN Holdings, and five other banks listed on the Nigeria Exchange Limited (NGX) profit after tax rose by 12 per cent in half year (H1) ended June 30, 2021. (AllAfrica)


East Africa: Banks Can Bend Their Way Around Disruptive Trends Without Breaking

[East African] The world has been struggling with the ravages of the Covid-19 pandemic for one-and-a-half years and it is also at the cusp of the Fourth Industrial Revolution, whose transformative powers are already evident in the financial sector. This revolution will transform the way we live, work, and relate to one another. (AllAfrica)


Tanzania: Stanchart, Tanzania Commercial Bank Sign Strategic Pact to Boost Customer Convenience

[Citizen] Dar es Salaam -- Standard Chartered Bank Tanzania Limited and Tanzania Commercial Bank (TCB) yesterday signed a strategic partnership that will enhance convenience for clients to 84 more branches and 3,500 bank agents. (AllAfrica)


Tanzania: Health Cover for Farmers Gets New Push

[Citizen] Dar es Salaam -- The National Commercial Bank (NBC) and the National Health Insurance Fund (NHIF) have inked a deal that is designed to enable farmers who are members of cooperative societies to access health insurance. (AllAfrica)


Africa: Central Banks Must Address Pandemic Challenges

[IPS] Sydney and Kuala Lumpur -- Hopes for an inclusive global economic recovery are fast fading. As rich countries have done little to ensure poor countries' access to vaccines and fiscal resources, North-South "fault lines" will certainly widen. (AllAfrica)


Nigeria: No Plan to Convert Bank Customers' Foreign Currency Into Naira - Central Bank

[This Day] The Central Bank of Nigeria (CBN) yesterday dispelled speculations that it was planning to convert the foreign exchange (FX) in domiciliary accounts of bank customers into naira. (AllAfrica)


Tanzania: Dcb Reaches 200,000 Through Digital Channel

[Daily News] In improving digital banking services, DCB Commercial bank has managed to register more than 200,000 digital customers as one of its objectives to reach more Tanzanians, deliver innovative and affordable digital products. (AllAfrica)


Namibia: Covid-19, a Catalyst for Increased Usage of Digital Money

[Namibian] THE COVID-19 PANDEMIC has overwhelmed the globe, and Namibia has not been spared. (AllAfrica)


Nigeria: Forex - CBN to Monitor Banks' Compliance

[Vanguard] Abuja -- At the backdrop of fears that banks may not be above board in the new foreign exchange market regime, the Central Bank of Nigeria (CBN) has said it would monitor the banks to ensure strict compliance with its directive to sell foreign exchange to customers, for invisibles such as Business Travel Allowance, Personal Travel Allowance, medical and tuition. (AllAfrica)


Tanzania: Central Bank to Pilot New Payment System

[Daily News] The Bank of Tanzania (BoT) will this month start to roll out the first phase of its new payment system -Tanzania Instant Payments System (TIPS), which has been developed to facilitate real-time payments across all financial service providers in the country. (AllAfrica)