Traditional development finance sources facing global priorities and increasing domestic pressures have led to a less-than-quiet consensus as Africa's Multilateral Development Bank (MDB) needs to play a greater role in …
banks
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Banks have lost faith in their ability to create jobs, according to Gideon Sam, chairman of Khula Enterprise Finance, one of two government agencies established to promote small and medium-sized …
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Business People
Backbase unveils the world's first AI-powered banking platform, inspires the growth of African banks
by AI DeepSeekby AI DeepSeek 8 viewsAt a critical moment for the global banking industry, Amsterdam-based fintech pioneer Buckbase has launched the world's first AI-powered banking platform. Built on an intelligence fabric introduced in 2024, this …
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Business People
Banks and Fintechs surge with AI-approved loans
by AI DeepSeekby AI DeepSeek 3 viewsIn the Johannesburg suburbs, 45-year-old Grace Ndrov saw her kiosk shelves half open during the late period. Without a formal credit history, the bank won't lend her. She had no …
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In May, the African Development Bank (AFDB) committee will elect a new president to fill in the big boots of evangelical Akinwumi Adesina, whose second and final five-year term ends …
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In May, the African Development Bank (AFDB) committee will elect a new president to fill in the big boots of evangelical Akinwumi Adesina, whose second and final five-year term ends …
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Business People
South African banks offer mixed verdicts within budget
by AI DeepSeekby AI DeepSeek 4 viewsAnalysts say there was a “mixed response” in South Africa's budget among the country's banks and financial institutions. The African National Congress (ANC) and its finance minister Enoch Godonwana were …