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Banking

Banking is the financial services industry concerned with accepting deposits, lending money and providing related financial products to individuals, businesses and governments. The sector encompasses retail banking, commercial banking, corporate banking, investment banking and private banking. Banks act as financial intermediaries, channelling funds from savers to borrowers while managing risk and facilitating payments and transactions. In Africa, the banking industry plays a central role in economic development, trade finance and infrastructure funding. The sector is typically regulated by central banks and financial authorities to ensure stability, protect depositors and maintain confidence in the financial system. Major banking markets on the continent include South Africa, Nigeria, Kenya and Egypt, with pan-African groups such as Standard Bank, Absa and Ecobank operating across multiple jurisdictions. The industry faces challenges including financial inclusion, regulatory compliance, digital transformation and managing exposure to commodity-dependent economies. Mobile banking and fintech innovation have expanded access to financial services across underbanked populations. Banking remains a key driver of cross-border investment, trade facilitation and capital formation throughout the continent.

Banking News


 Recent South African Infrastructure Attacks Reflect Growing DDoS Threat, Says NETSCOUT
Recent South African Infrastructure Attacks Reflect Growing DDoS Threat, Says NETSCOUT
3rd June 2026

Recent distributed denial-of-service (DDoS) attacks targeting South African internet infrastructure providers, web hosting companies and connectivity services reflect a broader escalation in both... 


Prominent Hill silver mine, in Australia
Australia shares climb to near one-month high as miners rally
3rd June 2026 By: Reuters

Australian shares rose to a near one-month high on Wednesday, underpinned by commodity stocks, after mining giant BHP hit a record high, while a slower-than-expected economic growth reaffirmed... 


Photo of Martin Creamer
On-The-Air (29/05/2026)
29th May 2026 By: Martin Creamer

Martin Creamer talks about mining's economic edge, mineral rights and copper in the Northern Cape. 


South Africa’s AI push is running ahead of its digital foundations
South Africa’s AI push is running ahead of its digital foundations
28th May 2026

By: Kgomotso Lebele - Country Managing Director for Accenture, South Africa Consider this: you lead a large retail business. Six months ago, you approved a significant generative AI investment to... 


A stack of gold bars
Indian banks resume bullion imports after month-long halt over 3% levy, sources say
12th May 2026 By: Reuters

Indian banks have resumed gold and silver imports after a hiatus that stretched for more than a month by agreeing to pay a 3% customs levy that earlier prompted lenders to halt shipments, trade and... 


Currency volatility is quietly wiping out fruit importers’ profits, new report finds
21st April 2026

Fruit importers are facing a growing but often overlooked threat to profitability: currency volatility, with fluctuations of just 3–5% capable of erasing the full margin on a shipment. New insights... 


Magazine Cover image
Greater AI fluency in tandem with expert skills foundational for effective deployment
17th April 2026 By: Schalk Burger

While artificial intelligence (AI) systems require information technology (IT) and data science skills to deploy, they also demand industry-specific expertise to ensure their effective integration... 


Standard Bank continues to back pioneering Optasia, AI led fintech with landmark USD 330 million syndicated refinancing
Standard Bank continues to back pioneering Optasia, AI led fintech with landmark USD 330 million syndicated refinancing
10th April 2026

Standard Bank, Africa’s largest bank by assets, continues to support Optasia, a leading AI‑led fintech company with the largest fintech IPO on the JSE in 2025, through a joint underwrite and... 


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