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Equatorial Guinea to host African Development Bank’s 2019 Annual Meetings in Malabo

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The Bank’s Annual Meetings represent a unique opportunity to discuss challenges and ways to advance the continent’s regional integration agenda

ABIDJAN, Ivory Coast — Equatorial Guinea will host the African Development Bank’s next Annual Meetings in June 2019, following the signing of a memorandum of understanding between the two parties. The Annual Meetings will take place from 11th to 14th June, 2019 in the country’s capital city, Malabo.

The Government and people of Equatorial Guinea are ready and look forward to hosting the African Development Bank’s flagship event in 2019,” said Mr. Bernardo Abaga Ndong, general coordinator of the National Technical Committee in charge of the Annual Meetings.

We are determined to make the Annual Meetings in our country a most resounding success that will definitely bolster our national prestige, because an event with over 3,000 participants is not a small affair,” Ndong emphasised. An aide-memoire on the country’s preparedness to host the event was signed on 27th February 2019. The signing took place on the sidelines of  regional consultative meetings between the Bank and its African shareholders, held in Abidjan from 25th February to 1st March, 2019, and attended by Equatorial Guinea’s finance minister Lucas Abaga Nchama.

Speaking at the signing, André Basse, the African Development Bank’s Chief of protocol, who signed on behalf of the Bank, commended the host country for its commitment to the success of the Annual Meetings, returning this year to African soil after being held in Korea and India respectively.

The theme of the African Development Bank’s Annual Meetings this year is  ‘Regional integration’ –  one of the Bank’s five strategic priorities, known as the High 5s: Light up and power Africa (https://bit.ly/2mMCgiY), Feed Africa (https://bit.ly/2y5ubix), Industrialise Africa (https://bit.ly/2yWOcop), Integrate Africa (https://bit.ly/2vikKux) and Improve the quality of life of the people of Africa(https://bit.ly/2sNjYVY).

With 1 billion people, Africa has a combined GDP of more than $3.4 trillion. Such a market could create huge opportunities for producers on the continent. But to make it a reality, African governments and regional economic communities should intensify efforts aimed at facilitating the free movement of goods, services, people and trade across borders.

The Bank’s Annual Meetings represent a unique opportunity to discuss challenges and ways to advance the continent’s regional integration agenda.

Some 3,000 participants are expected in Malabo, including finance ministers, governors of central banks, policy makers, civil society groups, heads of international organisations and business leaders from the Bank Group’s member states.

– AfDB

Banking / Insurance

GTBank Dominates CBN E-Payments Awards, Wins 8 out of 12 Banking Honours

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Lagos, Nigeria – March 25th, 2019: Guaranty Trust Bank plc continued its dominance of Nigeria’s most qualitative digital financial service awards for the fourth year in a row, winning eight of the twelve honours available to Banks in the 2019 edition of the Central Bank of Nigeria (CBN) Electronic Payment Incentive Scheme (EPIS) Efficiency Awards. The foremost African financial institution, renowned for its innovative products and services, won awards for efficiency and excellent service delivery in virtually every E-payment channel.

The CBN EPIS Efficiency Awards is organized to celebrate financial institutions, merchants and other stakeholders at the forefront of driving electronic payment in Nigeria. Now in its fourth year, the awards are based on objective analysis of all E-payments data collated by the Nigeria Inter-Bank Settlement System (NIBSS) over a full calendar year. With eight awards, GTBank took home two more honours than the six awards the Bank won the previous year and the highest number of awards presented to financial institutions, Fin-techs, merchants and other stakeholders in the Electronic Payment Incentive Scheme.

The eight awards won by GTBank include:

  • Best Customer Experience Award: for having the highest level of overall customer satisfaction rating in the delivery of electronic payment services to customers in 2018.
  • Real-Time Payments Transaction Efficiency: for achieving the lowest failure rate in the processing of Instant Payments transactions in 2018.
  • Cashless Driver, USSD Channel Champion: for achieving the highest number of Instant Payments transactions via the USSD channel in 2018.
  • Cashless Driver, Point of Sale (POS) Transactions: for achieving the highest transaction count on Point of Sale (POS) Terminals in 2018.
  • Cashless Driver, Card Usage on Point of Sales (POS) Terminals: for authorising the highest card transaction count on the Point of Sale (POS) Central Terminal Management System in 2018.
  • Direct Debit Driver Award: for processing the highest volume of successful debit mandates across all Payment Service Provider platforms in 2018.
  • E-Reference Operations Efficiency: for the Bank’s outstanding performance in the processing of customers references received from other Banks for account opening purposes on the industry E-reference Platform in 2018.
  • ID Services Driver: for achieving the highest volume in the use of the BVN, e-Passport and NIN customer verification platforms in 2018.

Commenting on the Bank’s EPIS awards, the Managing Director and Chief Executive Officer of Guaranty Trust Bank plc, Mr Segun Agbaje, said; “We are proud to be recognised by the CBN EPIS Efficiency Awards for our efforts in driving excellence in electronic payments and providing customers with a superior banking experience across all digital touch points. These awards serve as extra motivation for us and we continue to find new and exciting ways to reduce our customers’ pain points and offer them benefits beyond banking.

He further stated that; “At GTBank we are passionate about building the bank of the future that connects our customers directly to all the everyday things that matter to them. That is why we are constantly leveraging the best of technology to, not only make financial services cheaper, more personal and readily accessible, but also to create amazing digital experiences in a way that adds real value to our customers’ lives.”

Guaranty Trust Bank plc is a foremost African Financial Institution with Total Assets of ₦3.287trillion and Shareholders’ Funds of ₦575.6Billion. With banking operations across 10 African countries and the United Kingdom, GTBank is regarded by industry watchers as one of the best run financial institutions in the countries in which it operates and serves as a role model in Africa’s financial service industry due to its bias for world class corporate governance standards, excellent service delivery and innovation.

GTBank

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SVREICO Hosts Faisal Islamic Bank of Egypt new office in Smart Village

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Cairo, Egypt, 17 March 2019 – Smart Village Real Estate Investment Company “SVREICO” announced that Faisal Islamic Bank of Egypt has bought a new office in Smart Village for EGP 16 million with an area of 300sqm, which is expected to be delivered to them this month.

The new office of Faisal Islamic Bank is set to be in Building B143, which is one of SVREICO’s integrated business complexes in Smart Village that includes eight buildings so far. Located in the heart of Cairo’s Smart Village, at walking distance from Multinational Headquarters and Egypt’s top companies, SVREICO targets small and medium enterprises, multinational and local corporations by offering offices that start from 70 square meters up to 1000 square meters.

Hisham El Far, CEO of SVREICO, expressed his happiness with the confidence of companies, banks and all customers who chose SVREICO as a privileged place to embrace their business. He added “We have sold more than 100 offices, which reflects the confidence of Egypt’s biggest companies in the services we offer within our projects”. It’s worth mentioning that Faisal Bank’s CIO, Dr. Ismail El Mallawany, came to SVREICo’s premises and signed the contract with Mr Hisham El Far SVREICO’s CEO. The office is due to start operating by the end of this year.

The Smart Village combines industry players and business entities into one place, creating a conducive environment for any growing company. So SVREICO was keen to build up its integrated complexes in Smart Village, providing them with the latest technological and security means.

Smart Village Real Estate Investment Company “SVREICO”, is a joint stock company established in 2007 with shareholders RECAP, Egyptian Export Development Bank, Ahly United Bank and Misr Bank. SVREICO is a subsidiary of Naeem Holding Company, a real estate private equity firm which primarily focus on investing in high-end real estate facilities. The company core business is to develop institutional facilities in Smart Village that can cater corporate and prominent operators. SVREICO has also built and developed 6 complete integrated office buildings and are now rented to various reputable organizations in Smart Village.

– EGYPT TODAY

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Standard Chartered maintains its momentum as it introduces more digitally-led retail banks in Africa

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The Bank has launched its digital services in Tanzania and Ghana following successful roll-outs in Côte d’Ivoire and Uganda

DUBAI, United Arab Emirates, February 24, 2019/ — Standard Chartered (www.SC.com) today announced it had completed a simultaneous multi-market launch of its digitally-led retail banks in Tanzania and Ghana, with Kenya’s roll out scheduled to occur shortly. This follows the launches of the Bank’s digital offering in Uganda in January this year and Côte d’Ivoire in 2018. The expansion is part of the Bank’s overarching digital transformation strategy for the African continent.

The most recent roll-outs provide Tanzania and Ghana with access to the mobile-led digital bank platform, which has added benefits such as instant account opening (available in local and US currencies), zero fee on bill payment, zero monthly ledger, no minimum balance, and free initial ATM cards.

Customers will also benefit from over 70 client services, as well as a client onboarding experience in under 15 minutes. Additionally, the roll-out will offer customers exclusive retail, travel and dining experiences through the Bank’s strategic local alliances.

Commenting on the launch, Sunil Kaushal, Regional CEO, Africa and Middle East said: Digitising Africa continues to be an integral component of our strategic transformation, and we have been steadily expanding our footprint across the continent. We are constantly looking for ways to push the boundaries, by providing our customers innovative solutions and technologies. Ultimately, it is about listening to what our clients want and meeting their banking needs by offering a digital platform to do their banking anytime and anywhere, through the channel they prefer.”

Standard Chartered’s digital bank roll-outs are aimed at increasing digital adoption amongst customers, with a focus on young digital natives. To support this, the Bank is running a marketing campaign which will remind consumers that banking should not stop them from doing what they love to do, and when they want to do them. The campaign, called ‘//BEUNSTOPPABLE’, will run across traditional and social media in the markets.

As part of the activation launch in Tanzania, Standard Chartered has also partnered with local Tanzania recording star Vanessa Mdee, who will lend her image and voice to the //BEUNSTOPPABLE campaign. In Ghana, the Bank has collaborated with leading influencer, TV host and actress, Joselyn Dumas to support with the campaign roll out.  Both Vanessa and Joselyn will participate in activations which will take place throughout the year.

The Bank’s digital services are available by downloading the Standard Chartered mobile application via the Google play store or Apple store.

By APO Group

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