Money Market

Stanbic IBTC Asset Management Limited Assigned ‘AA(IM)’ Rating

January 12, 2021/Mediacraft Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, has been assigned an AA(IM) investment manager rating with a Stable Outlook by Agusto & Co. Agusto and Co, a leading Pan-African rating agency, stated that this rating is a reflection of the financial institution’s pedigree […]

Mastercard Pioneers Cloud Tap on Phone, its First Pilot of Cloud POS Acceptance Technology

January 11, 2021/Mastercard Mastercard and its partners move services to the cloud, democratizing access to payments technologies. Move unlocks opportunities for partners worldwide to enable contactless payments acceptance via a mobile phone. Mastercard has partnered with NMI and Global Payments Inc. to launch its first live Cloud Tap on Phone […]

Access Bank Zambia Announces Complete Acquisition of Cavmont Bank

January 6, 2021/NSE Sequel to our announcement of August 6, 2020, the Board of Access Bank Plc (“the Bank”) today announces that its Zambian subsidiary, Access Bank (Zambia) Limited has completed the acquisition of Cavmont Bank Limited (“Cavmont”), following fulfillment of the key conditions precedent including regulatory approvals. The merger […]