Financial services

By IndepthAfrica
In Article
Aug 15th, 2013
0 Comments
29 Views
Our fear is that it will not be done properly by people who have the relevant expertise and experience. Between 2004 and 2006 all but a few indigenous banks in Zimbabwe faced significant political problems. Their founders where hounded out of the country for nefarious accusations of externalizing for...
By IndepthAfrica
In Djibouti
Jan 12th, 2013
0 Comments
40 Views
Without much deviation from its draft state, the long awaited directive that will allow banks and Micro Financial Institutions (MFI) to provide transaction-based mobile and agent banking services was issued, on January 1, 2013. Now clients of banks and MFI’s, offering mobile banking services, w...
By IndepthAfrica
In East Africa
Nov 16th, 2012
3 Comments
50 Views
Ethiopia is one of the last countries in Africa to permit mobile banking. Mobile banking has proved to be profitable in the developing world, where many people still do not use banks. Earlier this year, the World Bank reported that seventy-five percent of the world’s poor are “unbanked.” That is abou...
By IndepthAfrica
In Uncategorized
Oct 12th, 2012
0 Comments
69 Views
Valentin KATASONOV These days, the drug mafia theme explainably attracts permanent media coverage. One of the aspects that cannot be avoided in the context is the involvement of the financial sector – for hefty risk premiums – in money laundering for the narcotics business. Banks and the ...
By IndepthAfrica
In Nigeria
May 29th, 2012
0 Comments
14 Views
Visa, one of the world’s leading payment networks, announced at the weekend that its client financial institutions in Nigeria have surpassed 5 million cards in market. Country Manager for Visa West Africa, Ade Ashaye said with this achievement, Nigeria’s banking sector moves towards its goal of repla...
By benim
In News
Sep 15th, 2011
0 Comments
43 Views
It seems logical that preparation is everything when it comes to committing a crime, so you can hardly blame 40-year-old Canadian Daniel Glen for wanting to cross the T’s and dot the I’s before robbing a local store. He probably should have stopped short of ringing the store clerk to ask ...
By benim
In Business
Aug 22nd, 2011
0 Comments
18 Views
Absa Group, the South African bank majority owned by Barclays, has bought Mozambican insurer Global Alliance Seguros and plans another acquisition this year, the Business Day newspaper reported on Monday. Global Alliance provides both life and non-life insurance and generated over $25 million in prem...
By benim
In Lifestyle
Jan 27th, 2011
0 Comments
49 Views
Question: How can I become rich? Please don’t tell me what I want to hear; tell me what I need to know. Answer: The secret to becoming wealthy This has to be the most common thought on people’s minds and is probably the most frequently asked question. Before we unpack the question on becoming wealthy...
By benim
In Business
Dec 13th, 2010
1 Comment
21 Views
AS the controversy surrounding the statement made by the governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, about the budget of the National Assembly rages on, the CBN governor has declared that politicians in the country, particularly those who participated in the second and the...
By benim
In Crime & Corruption
Nov 25th, 2010
0 Comments
42 Views
The motion by six top management staff of Intercontinental Bank, urging a Federal High Court in Lagos, to strike out the 23-count amended charge against them, was yesterday opposed by the Economic and Financial Crimes Commission (EFCC). The officials, together with some companies linked with the form...