May 17
Nigeria: Ignore Unverified Reports That Mobile Money Operator Opay Is Leaving Nigeria and Urging Customers to Withdraw Their Money
Africa Check
Ignore unverified reports that mobile money operator OPay is leaving Nigeria and urging customers to withdraw their money Read more »
Nigeria: CBN Can Collect Customers' Social Media Handles, Court Rules
Leadership
Justice Nnamdi Dimgba of the Federal High Court in Lagos has held that the Central Bank of Nigeria (CBN) is constitutionally empowered to demand and collect the social media… Read more »
Nigeria: Access Bank Upgrades Health Loan for Women
Daily Trust
Access Bank has added more healthcare covering on its women's health loan in a bid to improve the healthcare offerings related to women. Read more »
May 16
Kenya: Understanding Kenya's Regulations On State Officers' Offshore Bank Accounts
Business Day Africa
Did you know that public officers seeking to operate bank accounts outside Kenya are required get clearance from the ethics watchdog in compliance with law? Read more »
Tunisia: 16 Local Banks Sign Syndicated Foreign Currency Loan Agreement to Finance State Budget
Tunis Afrique Presse
A syndicated foreign currency loan agreement with 16 local banking institutions for a total amount of TND 570 million (€156 million and $16 million) was signed on Thursday… Read more »
May 15
Kenya: DIB Bank Kenya Makes First Profit in 7 Years
Capital FM
DIB Bank Kenya, a subsidiary of Dubai Islamic Bank, has posted its first gross profit since launching operations in Kenya in 2017. Read more »
Nigeria: CBN, IMF and Future of Development Finance in Nigeria
Daily Trust
When the Central Bank of Nigeria began a massive sack of some of its staff in the Development Finance Department while redeploying others, the message was clear that something was… Read more »
Nigeria: Man Enters Bank With 'Ied', Demands N100m in Plateau
Daily Trust
Kidnappers forced me - Suspects Read more »
Nigeria: Sterling Bank, Ai Nigeria Partner to Launch Maiden Report
Daily Trust
Sterling Bank, in partnership with AI in Nigeria, has unveiled the "Nigeria AI Landscape and Startup Report" offering a comprehensive view of Nigeria's AI ecosystem and startup… Read more »
Nigeria: NIA Pledges Collaboration With NAICOM for Consolidated Insurance Bill
This Day
The Nigerian Insurers Association (NIA) has said that it would collaborate with the National Insurance Commission (NAICOM) to implement the 10-year strategic plan and finalise the… Read more »
Zimbabwe: Schools Must Keep Their Money in a Bank
The Herald
The beginning of each school term sees school fees and levies being paid, and regrettably some schools are still willing to accept cash payments, and that tempts thieves and… Read more »
May 14
Sudan: Experts Question Central Bank of Sudan's Ability to Control Export Revenues
Dabanga
The Central Bank of Sudan (CBoS) granted 250 Sudanese companies two months to supply reports of export revenues yesterday. The list includes several major companies. Two economic… Read more »
West Africa: Ghana to Receive $200 Million From Ecowas Bank
Accra Times
The ECOWAS Bank for Investment and Development (EBID) and the Government of Ghana have signed a Memorandum of Understanding (MoU) to inject some $200 million into the Ghanaian… Read more »
Nigeria: Access Bank, Mastercard, Partner to Expand Cross-Border Payment
Vanguard
Access Bank Group has launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the African continent. Read more »
Nigeria: Banks Cut Borrowing From CBN By 44 Percent to N12.2trn
Vanguard
Increase deposit placement by 118% Read more »
Nigeria: Failed Banks - NDLC Clamours Practice Direction for Court of Appeal
Vanguard
Nigeria Deposit Insurance Corporation, NDIC, has urged more collaboration and synergy with the judiciary and development Practice Direction for Court of Appeal on failed banks… Read more »
Nigeria: Recapitalisation - Investors Set for N3.894trn Stake in Banks
Leadership
As the banks begin their recapitalisation exercise, analysts say the capital market investors are set for the N3.894 trillion stakes in the banks, just as the Nigerian Exchange… Read more »
Zimbabwe: New Products Drive Fidelity Life Revenue
The Herald
Fidelity Life Assurance (FLA) insurance contract revenue grew by 243 percent in 2023 to $116,6 billion compared to $34,1 billion in the prior year, driven by uptake of new… Read more »
May 13
Zambia: IMF Managing Director Kristalina Georgieva Statement to the Financial Community On Zambia [document]
IMF
Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement about Zambia to Members of the Financial Community today: Read more »
Rwanda: How Tech Is Poised to Transform Banking in Rwanda
New Times
Rwanda's banking industry has over the years been on the journey of embracing technology with many players adopting and integrating new banking systems in their day-to-day… Read more »
Guinea Bissau: IMF Executive Board Completes Fourth and Fifth Reviews Under the Extended Credit Facility for Guinea-Bissau and Approves U.S.$8.1 Million Disbursement [document]
IMF
Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed today the fourth and fifth reviews under Guinea-Bissau's Extended Credit Facility (ECF)… Read more »
May 10
Angola: AfDB Makes U.S.$15 Million Available to Finance Projects in Angola
ANGOP
The African Development Bank (AfDB) is available to finance public and private projects in different sectors in Angola, with amounts reaching at USD 15 million, ANGOP learned this… Read more »
Sudan: Sudanese Pound Continues Its Rapid Decline, Banks Expected to Collapse
Dabanga
The Sudanese Pound is continuing its accelerated decline against the foreign currencies since the beginning of this week. Economists expect the imminent collapse of about 25 banks… Read more »
May 09
Africa: End the Negative Narrative, Africa is Thriving - AfDB Chief
allAfrica
The highly-anticipated AllAfrica Media Leaders' Summit (AMLS) is convening in Nairobi, Kenya, to address the urgent need for a thriving and independent media landscape across… Read more »
May 08
Nigeria: CBN Releases List of Licensed Deposit Money Banks in Nigeria
Leadership
The Central Bank of Nigeria (CBN) has published a comprehensive list of licensed Deposit Money Banks operating across the country, providing valuable insights into Nigeria's… Read more »