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Banking & Finance

Service operators in Africa are preparing for greater adoption of smartphones. (Image source: Development Planning Unit University College London)

A study by Juniper Research points to Africa as the global leader for mobile money transactions and forecasts the industry’s worldwide annual revenue to grow to US$4bn by 2018

First City Monument Bank (FCMB) in Nigeria has used Infosys Finacle’s applications for almost 10 years.

As African banks look to expand across the continent, the consolidation of systems and processes is fast becoming a priority

The new bank will bring international services to Somalia. (Image source: Premier Bank)

Premier Bank in Mogadishu held its opening ceremony in the presence of numerous government officials, including President Hassan Sheikh Mohamud

The new service takes advantage of the high mobile penetration in the country. (Image source: epSos .de/Flickr)

MTN Rwanda and Western Union have started a new service that will allow remittances from abroad using MTN subscribers’ mobile phones

Ecobank Group chairman Emmanuel Ikazoboh is optimistic about the banks future performance. (Image source: Ecobank Group)

Ecobank Transnational Incorporated, parent company of the Ecobank Group, has ended the year ended 31 December 2014 with US$24.2bn in total assets and US$2.7bn in equity

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