Updates

Africa’s Ecobank targets strong customer growth from mobile banking

March 15, 2017/Reuters By Chijioke Ohuocha LAGOS (Reuters) – Africa’s Ecobank expects its new digital banking platform to help to boost its customer base across the continent to 100 million from 13 million by 2020, it said after announcing that it had signed up 1.5 million personal accounts through the […]

GT Bank to reduce loan growth to focus on bond investment

March 15, 2017/Reuters By Chijioke Ohuocha LAGOS (Reuters) – Nigeria’s Guaranty Trust Bank (GT Bank) plans to reduce loan growth this year to focus on the increased profit to be had from maintaining domestic bond investment levels, its chief executive said on Wednesday. Nigeria’s government aims to fund half of […]

IMF Managing Director Welcomes Establishment of High Level Advisory Group on FinTech

March 15, 2017/IMF The Group is composed of highly-experienced and respected leaders in the field of finance and technology and includes industry pioneers, regulators, lawyers and academics. The Group will work closely with the IMF’s Interdepartmental Working Group on Finance and Technology to study the economic and regulatory implications of […]