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Remittance fees hurt Africans, says Comic Relief

Communities in sub-Saharan Africa are being "hurt" by high fees charged by money transfer operators, charity Comic Relief has said. Restricted competition has helped push up charges, according to research ...

Source: BBC

Drummed by Rachel in Drum Banking 3 days, 17 hours

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East African trade bloc approves monetary union deal

The leaders of five East African countries signed a protocol on Saturday laying the groundwork for a monetary union within 10 years that they expect will expand regional trade. Heads ...

Source: Reuters

Drummed by Rachel in Drum Banking (Burundi, Kenya, Rwanda, Tanzania, Uganda) 4 months, 2 weeks

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PayPal ramps up Africa presence with Equity partnership

PayPal, the payments services arm of eBay (EBAY.O), has entered a partnership with one of east Africa's biggest lenders, Equity Bank (EQTY.NR), to tap into the fast-growing African economies.

Source: Reuters

Drummed by Jimmy in Drum Banking 5 months, 3 weeks

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Barclays Bank Kenya installs skim proof technology in ATMs

Barclays Bank Kenya has posted a notice on all its ATMs informing its clients of improved security measures that will ensure card skimming is a thing of the past.

Source: HumanIPO

Drummed by Jimmy in Drum Banking (Kenya) 9 months, 3 weeks

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The growth continent: why investors are flocking to Africa

As a number of new exchanges prepare to launch in Africa William Mitting asks if Africa could finally realise its potential as a futures trading hub.

Source: FOW

Drummed by Sedicka in Drum Banking 9 months, 3 weeks

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Somali families' banking lifeline under threat - Channel 4 News report

A money transfer system allowing UK families to send cash back home is under threat after Barclays said it wouldn't do business with transfer firms. Jamal Osman reports on the ...

Source: Channel 4 News

Drummed by Rachel in Drum Banking (Somalia) 9 months, 3 weeks

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Barclays faces pressure from Somali cash transfer firms

The UK government is being urged to stop Barclays closing the last account in Somalia which allows its citizens overseas to send money back home. A group of aid practitioners ...

Source: BBC

Drummed by Rachel in Drum Banking (Somalia) 9 months, 4 weeks

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Banking in Africa: Continent of dreams

Across Africa, banks are expanding. Their returns aren’t. The costs of building networks of branches and of investing in growth mean that such returns remain in the distant future.

Source: The Economist

Drummed by sacre in Drum Banking 1 year, 1 month

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Africa’s bond markets: Kings of the wild frontier

INVESTORS looking for more than the paltry yields on US Treasuries might consider Côte d’Ivoire’s eurobond (as a dollar bond issued outside America is known). It was issued in 2010 ...

Source: The Economist

Drummed by sacre in Drum Banking 1 year, 1 month

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Rise of the African Sovereign Wealth Fund

African sovereign wealth funds are emerging to save and invest resource revenues. If efficient, they could also boost domestic growth and credit ratings. A spate of sovereign wealth funds are ...

Source: This is Africa

Drummed by Estelle in Drum Banking 1 year, 3 months

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