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.
Ecobank Transnational Incorporated debut $450 million Eurobond oversubscribed
The proceeds will be used for Ecobank Transnational Incorporated (ETI)’s general corporate purposes and to refinance existing Holdco obligations
LOME, Togo, April 18, 2019 – Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, is pleased to announce that it has successfully raised $450 million in its debut Eurobond which was oversubscribed.
The Global Offering is a 5-year unsecured note (144A/RegS) listed on the main market of the London Stock Exchange. The bond matures in April 2024 and was issued with a coupon pricing of 9.5% with interest payable semi-annually in arrears.
The proceeds will be used for ETI’s general corporate purposes and to refinance existing Holdco obligations.
Investor interest was global, including United Kingdom, United States, Europe, the Middle East, Asia, and Africa.
On this debut Eurobond issuance, Mr. Ade Ayeyemi, Group Chief Executive Officer of ETI, stated: “This is another first for Ecobank and I’m very excited at the prospects for the Group as we continue the second phase of our 5-year ‘Roadmap to leadership’ strategy. Our efforts toward greater operational and capital efficiency are paying off, and this offer is another example of the measures we are taking to strengthen our institution and deliver value for all of our stakeholders”.
The Group Chief Financial Officer, Mr. Greg Davis, also commenting on this Eurobond said: “The success of this Eurobond reflects appetite from high quality and real money institutional investors globally and the trust that continues to be conferred on our institution and the markets we have chosen to participate in.”
SVREICO Hosts Faisal Islamic Bank of Egypt new office in Smart Village
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
Equatorial Guinea to host African Development Bank’s 2019 Annual Meetings in Malabo
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.
- NGOs - SDGs1 day ago
UNDP And Sahara Group Join Forces To Promote Sustainable Energy And SDGs In Africa
- Technology3 hours ago
KuBitX Creates Africa’s first usable Stable Coin among other milestones
- Business Home22 hours ago
World Bank okays project worth $200 mln to support SMEs in Egypt
- Health1 day ago
Destination Universal Health Coverage: Can PPPs be the vehicle to get us there?
- Logistics3 days ago
United picks Cape Town for resumption of African services
- Business Home1 day ago
Vantage Capital exits Thebe Timrite
- Aviation3 days ago
Ethiopian Airlines to add JFK flights in late 2Q19
- Economy3 days ago
Egypt, UN discuss activating $1.2B strategic agreement