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Thursday, 26 March 2015 07:31

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and the Arab Investment Bank (AIB) signed a Shareholders Agreement to establish “Enmaa Leasing Company” a Sharia-compliant leasing company in Egypt

Enmaa Leasing have an authorized capital of 150 million Egyptian pounds and expect to commence its operations during the third quarter of 2015.

Wednesday, 25 March 2015 07:37

Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has launched the Stanbic IBTC Priority Pass, a customised card that gives holders access to unique benefits at over 700 airports

Speaking at the launch of the card, Stanbic IBTC Bank’s Chief Executive, Yinka Sanni, said the product is another step towards leveraging innovation and evolving technologies to serve customers better.

Wednesday, 25 March 2015 07:34

Fiserv, Inc., a leading global provider of financial services technology solutions, announced that it has completed its first tokenized transactions via its Accel(R) debit payments network

Tokenization replaces the traditional payment card account number (PAN) with a unique string of digital numbers, or token.

Wednesday, 25 March 2015 07:26

The Banking Industry Architecture Network (BIAN) has welcomed six new members to its rapidly expanding global network – taking the not-for-profit to a total of 58 leading banks, service providers, software vendors and academic partners across every continent

The new members will use the BIAN standard as a framework for services and products, while advising global banks, who use their services, of the benefits of complying with BIAN’s international IT model for business banking.

Friday, 20 March 2015 07:16

Mauritius Commercial Bank (MCB) Group will further its expansion in Mozambique in partnership with Société Générale

As per the signed agreement, Société Générale will become a shareholder of MCB Moçambique with the  subject to the approval of the central bank of Mozambique.

Tuesday, 17 March 2015 07:46

The Mauritius Commercial Bank (MCB) is affirming its growing African ambitions through its participation as one of the four Diamond Sponsors of the forthcoming Africa CEO Forum

This event, one of major rendezvous of the financial and corporate African scene, will welcome some 800 participants from 38 countries in Geneva on the 16th and 17th of March 2015 with discussions to be held in relation to the strategic priorities of the African private sector.

Thursday, 12 March 2015 18:18

First Bank of Nigeria has partnered the National Association of Proprietors of Private Schools (NAPPS) to provide financial management education for proprietors of private schools

The bank rendered this service at the recently concluded NAPPS three-day retreat tagged “Effective Empowerment of Schools through Collaborative Building Capacity and Leadership.”