Recent Posts

Absa’s retail-banking push pays off as profit rises 5.4% in first-half

Bloomberg Absa Group Ltd.’s push to reclaim market share lost while under the control of Barclays Plc is beginning to pay off at the South African lender’s main retail-banking business. First-half net income climbed 5.4% to 7.64 billion rand as Absa provided more personal loans and credit cards, while boosting the revenue it generates from fees and commissions, the Johannesburg-based ...

Read More »

Mobile phones are replacing bank accounts in Africa

Bloomberg It doesn’t look like the hub of an online bank. But that’s what the yellow and blue metal kiosk becomes when Albert Agane locks himself behind the metal bars every day at 6 a.m. From his perch along a dusty suburban thoroughfare in Accra, the 28-year-old helps fellow Ghanaians withdraw or deposit cash for accounts they operate from their ...

Read More »

UAE unveils strategic water project in Yemen’s Qataba

HODEIDAH / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC), on Wednesday launched a strategic water project in Qataba in the Khawkhah District, Hodeidah Governorate, as part of its efforts to respond to the needs of people in Yemen’s Red Sea Coast. Mohamed Al Junaibi, Director of Humanitarian Affairs at the ERC in Yemen, stated that ...

Read More »
Send this to a friend