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    BANKING

    September 14, 2021

    Morocco's Official Reserve Assets Up 5.3%

    Rabat - Morocco's official reserve assets amounted to 312.4 billion dirhams on September 3, 2021, up by 5.3% compared to the same period in 2020, Morocco's central bank (Bank Al-Maghrib) has said.

    During"...

    September 13, 2021

    Next-Gen Open Banking Modular Fintech as a Service Platform

    Interactive Smart Communications (ISC, www.iscc.sa) a subsidiary of Mawarid Media & Communications Group, MMCG (a Saudi conglomerate), is announcing today the launch of the most advanced Fintech as a Service platform in Saudi Arabia under the brand"...

    September 13, 2021

    O3 Capital Boss Advocates More Collaboration Between Banks and FinTechs

    Founder and Chief Executive Officer of Nigeria’s foremost FinTech, O3 Capital Limited, Abimbola Pinheiro has stressed the need for more collaboration between deposit money banks in the country and FinTech to deepen financial services in Nigeria.

    Pinheiro,"...

    September 13, 2021

    Fidelity Bank Reports 72.4% Increase in PBT To N20.6bn

    Fidelity Bank Plc has announced a profit before tax of N20.6billion for half year ended June 31, 2021 as against the N12billion in reported in half year ended June 30, 2020.

    The audited results at the Nigerian"...

    September 8, 2021

    Bank’s reach is tangible, its relevance is questioned, say experts at Finnovex ME 2021

    Subsidiarity of banking system and digitalization boost of banking sector is the need of the hour, say experts assembled at Finnovex Middle East 2021 in Dubai. Reach and relevance are the golden word that the industry must include in its constitution and follow for transformation of banking"...

    September 8, 2021

    SoftBank Enters into Long-Term Strategic Partnership and Equity Share Swap Agreement with Deutsche Telekom

    Strategic Partnership Provides SoftBank Portfolio Companies Access to Approximately 240 Million Customers Across Europe and the US and Deutsche Telekom (“DT”) with ARPU Increase, Churn Reduction and JV Participation

    SoftBank"...

    September 8, 2021

    Morocco's Central Bank Governor Among Top 10 Central Bankers (Global Finance)

    Governor Jouahri was graded 'A' by the magazine on its 26th annual report 'Central Banker Report Cards 2020' based on the central bank responses to the high-stress conditions wrought by BAM.

    The"...

    September 8, 2021

    Vertiv launches million dollar hub in Morocco

    Vertiv, a global provider of critical digital infrastructure and continuity solutions, has launched its million dollar hub in Morocco.

    Vertiv has been operational in Africa for over 35 years, serving its channel"...

    September 7, 2021

    Morocco’s Central Bank to Keep Interest Rate at 1.5%

    Rabat – Morocco’s central bank, Bank Al-Maghrib (BAM), is expected to keep its rate steady at 1.5% in the second half of 2021, Attijari Global Research (AGR) forecasts.

    “Thanks to BAM’s"...

    September 6, 2021

    African Development Bank, Development Partners to Mobilise $520m to Co-Finance SAPZ First Phase

    The African Development Bank (AfDB) and its development partners have announced plans to mobilise over $520 million to co-finance the first phase of the Nigeria Special Agro-industrial Processing Zone (SAPZ).

    The"...

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