new banking service, Ecobank Premier Banking, which is tailored for the fast-growing middle class with an increasing sophisticated taste and demands, has been launched in Accra.
Ecobank Premier Banking, the latest addition to Ecobank’s product offering, is one of the responses to the varied banking demands of the elite customer segment and seeks to provide tailored deposit, cash management and credit products and services, customized to individual circumstances, needs and wealth goals.
Premier Banking customers will also be issued with Premier Banking Automated Teller Machine (ATM) cards, different from the ATM cards used by other customers.
It is the highest within the Ecobank customer service range which is designed to cater for individuals within a GH¢450.000 annual income bracket.
In an address read on his behalf to declare the product launched in Accra, last week, the Managing Director of Ecobank Ghana, Mr Sam Adjei said the product was designed to satisfy a broad range of financial needs including investment advisory services tailored to individual wealth plans; Credit products; International payments; and electronic card solutions.
The Rwanda Utilities Regulatory Authority (RURA) has this evening suspended all local language (Kinyarwanda) BBC radio programs with immediate effect.
MARRAKESH: Africa may be flavour of the month but in relative terms still attracts a small percentage of Private Equity and international investment capital. In a plenary at the Africa Development Forum in Marrakech focusing focused on Private Equity, Mike Casey, the Founding Director, EMPEA Consultingpointed out that last year, about $300 billion was raised globally for private equity. Of that, 12 per cent was reserved for emerging markets, and of those 12 per cent ($38 billion), 3 per cent ($1.2 billion) was for Africa-focused funds.
MARRAKESH: Africa is growing at a steady rate and is on the path to sustainable long-term growth, opening up a number of investment opportunities. In fact, one-third of Africa’s countries have GDP growth rates of more than 6%. However, as discussed at the ECA’s Ninth African development Forum, the resources required for Africa’s sustainable development will not come from aid. Africa must look within, generating financial resources from its own economies.
MARRAKECH: Prior the economic crisis, Africa’s share of trade with other emerging markets was a mere 30%. Today that has gone up to nearer 50%, and by 2020, on current trends that could be as much as 70%.
- Net Profit exceeded QR8.0 billion, up by 12.6% from September 2013
- Total Assets stood at QR475 billion, up by 8.8% from September 2013
- Net Loans and Advances up by 8.1% from September 2013 to reach QR329 billion
- Total Customer Deposits up by 6.4% from September 2013 to reach QR352 billion
- Earnings per Share reached QR11.4, compared to QR10.2 in September 2013
- Total Shareholders’ Equity increased to QR56 billion, up by 10.0% from September 2013
Cairn Energy has discovered large volumes of oil in the deep waters offshore Senegal. The company’s 40%-owned FAN-1 exploration well has found between 250mln and 2.5bn barrels of in-place oil, according to initial estimates.
The Economic Commission for Africa (ECA) and the Dakar-based Council for the Development of Social Science Research in Africa (CODESRIA) have entered into a collaboration agreement, which will foster their objectives to transform into more rigorous and responsive centers of excellence in support of Africa’s transformative agenda.
WASHINGTON, October 8, 2014 – Much more work needs to be done to end poverty and close the gap in living standards between those in the bottom 40 percent and the top 60 percent of the population around the world, says the Global Monitoring Report 2014/2015, released today by the World Bank and International Monetary Fund (IMF).
CAPE-TOWN, South-Africa, October 8, 2014/ – Oracle Corporation (http://www.oracle.com) today announced an initiative designed to enrich and increase the skills capacity of IT practitioners in Africa. The four-pronged program was devised as a response to the rapid adoption of new technologies by governments and businesses in Africa, exacerbating the shortage of suitably skilled practitioners to use the systems to best advantage.