Africa’s mobile phone operators are ramping up plans to bring banking to millions of Africans, in some cases for the first time, after the coronavirus crisis caused a surge in use of digital financial services.
Nigeria’s Securities and Exchange Commission says it will regulate crypto-token investments when the character of the investments qualifies as a securities transaction. So what impact will this have on Nigeria's banking sector? Muyiwa Oni, Regional Head of Equity Research at Standard Bank Group joins CNBC Africa’s Christy Cole for this conversation and more.
Digital transformation is a regarded as a key to drive up financial inclusion in Africa and open banking is one of the trends that are reshaping financial services. Polys Hadjikyriakos, Chief Business Development Officer at NETinfo Plc explains why the continent should embrace it.
The Covid-19 pandemic is throwing up new challenges to Africa's baking sector, with warnings from the IMF that the pandemic's largest threat to banks being related to their loan portfolios. Similarly, Moody's changed its outlook for the banking systems for Nigeria, Morocco and South Africa to negative from stable. Adesola Adeduntan, Managing Director and CEO of First Bank of Nigeria and Subsidiaries joins CNBC Africa to discuss the future of banking.
Absa Corporate and Investment Banking (CIB) says it is stepping up its capabilities in Transactional Banking to respond to ever changing client needs.
Nigeria’s equities market extended losses from Monday weighed down by the Banking and oil and gas sectors. Dare Fajimolu, Chief Research Officer at Blue Vertex joins CNBC Africa for a recap of today’s trade.
Banking of the previously unbanked is seen as an opportunity for banks on the continent, a task that Mukwandi Chibesakunda, as the first female CEO of the National Savings and Credit Bank is out to ensure. On this issue and her journey to the top, she joins CNBC Africa for more.
Now in its third year, the Absa Africa Financial Markets Index evaluates financial market development in 20 countries across the African continent and the improvements show the progress being made within the financial markets.