FinTechs KoinKoin and SR FINANZMANN, have closed a $2 million private funding round in major boost to their corporate over-the-counter (OTC) business for foreign exchange and digital assets. The funding will support the growth and expansion of the technical FX across both businesses, especially in Africa, facilitate technical upgrades and...
Definition of Credit Bureau Agencies Credit bureau agencies are specialised organisations that gather, maintain, and share credit information about individuals and businesses. They play a vital role in the financial ecosystem by giving lenders insights into a borrower’s credit history, outstanding debts, payment behaviour, and overall creditworthiness. These agencies thus...
posts GH¢32.8m after tax Despite facing economic challenges in the year under review, Zeepay - a prominent player in cross-border payments operating as an innovative mobile money firm - grew its pre-tax profit to GH¢43.9million at the close of 2022, its annual report for the period has shown. Following a...
The rural banking concept was introduced in 1976 with the launch of Nyakrom Rural Bank in the Central Region. The rural banking model’s policy intent was to fill the financial inclusion gap in rural communities which were seen to have been left behind by the privilege enjoyed by urban dwellers...
GCB Bank PLC at the weekend reestablished itself as Ghana’s number-one financial institution, when it was adjudged top in financial services at the Ghana Club 100 awards. GCB Bank PLC was named the tenth-best performing company/bank at the 19TH Ghana Club 100 Awards ceremony in Accra on Friday. The event...
Credit unions worldwide will celebrate International Credit Union (ICU) Day on Thursday 20th October 2022, to mark the immense role being played by financial Cooperatives in improving the livelihoods of their members. The Day is recognised to reflect upon the Credit Union movement's history, promote its achievements, acknowledge the...
…operating strategically in ten regions of Ghana Despite the presence of more than 15 life insurance companies in Ghana QLAC   has over the years carved a niche as a strategic life assurer providing innovative services to clients around 10 major regions in Ghana. QLAC has a total of 11 branches spread...
Only half of Ghana’s life insurance companies reported profits for 2021, and those that did earned them from investment income rather than actual underwriting of life insurance policies. ELLIOT WILLIAMS & TOMA IMIRHE explain how this works, and also why insurers want to take a longer-term perspective than the...
Continuous innovation should be the bedrock of every business. The need to innovate, and to do so quickly, is now considered important for most companies. For the insurance industry, it fosters competitiveness and ensures that clients have access to the best solutions available. A business that invests in innovation...
COMPANY HISTORY SIC Life Insurance LTD originally existed as the Life Division of the reputable multi-line insurer, SIC Insurance Company. In conformity with the provision of the Insurance Act 2006, Act 724, the Company was established as a fully licensed Life Insurance Company in 2007. On 10th March, 2022,...