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UBA Sierra Leone commences Banking Operations
UBA Introduces DRAGONS DEN, a Reality TV Show for Entrepreneurs
AfDB Underscores Need to Broaden Application of Paris Declaration Principles
AfDB President on Official Visit to Togo - Prospects to Revive Cooperation
AfDB and BOAD Sign FCfa 28.7 Billion Investment Agreement
Togo, AfDB Normalize Relations - Board Approves US $ 24 Million for Togo's Arrears Clearance Program
AfDB Private Sector Invests in Health Sector - Complementing the Public Sector in Increasing Healthcare Provision
Leading U.S. Corporations to Partner with CCA for 2008 U.S. - Africa Infrastructure Conference
UBA GIS wins Money Markets' Innovation Award for West Africa
Nairobi Summit Provides Unrivalled Opportunities to Meet with Partnership & Procurement Directors from the Aid & Development Community


AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

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Banking and Insurance - Top News
Zimbabwe: RBZ Working On $500 Billion Note

CASH shortages worsened further this week amid speculation that the Reserve Bank of Zimbabwe was working on plans to introduce yet another higher denomination agro-bearers' cheque.

  Zimbabwe Independent
Ghana: Access to Finance A Major Challenge to Doing Business

Private sector business executives have identified access to financing as the major challenge to doing business in Ghana, according to results of the Executive Opinion Survey 2008 - Ghana.

  Public Agenda
South Africa: Auction Relief for Bond Defaulters

WITH the percentage of distressed home sales handled by The Alliance Group rising 50% a month since January, the auction house has launched a new "recovery" programme to assist defaulting homeowners.

  Business Day
Nigeria: Standard Chartered Leads NNPC/Mobil $220 Million Facility

Standard Chartered Bank in its strategic move to support Nigeria's Oil and Gas sector has struck a deal with 8 other Nigerian banks to provide $220m bank debt financing priced at Libor +275 bps for the National Nigerian Petroleum Corporation (NNPC) and Mobil Producing Nigeria's NGL II project.

  Daily Trust
Sierra Leone: Access Bank Starts Operations in Salone

Access Bank Sierra Leone limited Thursday commenced operations in the country with the commissioning of its corporate head office on Siaka Stevens Street in Freetown.

  Concord
Ghana: HFC Assures Shareholders of Prudent Investments

The Management of HFC Investment Services, a subsidiary of HFC Bank, has assured shareholders that it would engage in prudent investments, to consolidate their gains in the year.

  Ghanaian Chronicle
Nigeria: AFC Probe - 'Soludo Abused His Office'

The Presidential Committee investigating the $462 investment in the African Finance Corporation (AFC) by the Central Bank of Nigeria (CBN) has accused the CBN Governor, Professor Charles Soludo of gross abuse of office, gross negligence, round tripping and money laundering and has recommended that the Federal Government take appropriate action against him.

  Daily Trust
Zimbabwe: Central Bank Promises Currency Reforms

ZIMBABWE'S central bank yesterday said it would soon implement reforms to ease the effects of hyperinflation as consumers, retailers and banks struggle to make even simple transactions with a virtually worthless currency.

  Zimbabwe Independent
Uganda: Enact Law On Leasing, Banks Tell Country

With more Ugandans acquiring business facilities through leasing, players in the banking industry have underscored the need for a law to protect their businesses.

  The Citizen
Nigeria: Skye Bank Boss Pledges Support for CIBN

A chapter of the Chartered Institute of Bankers of Nigeria (CIBN) was recently inaugurated at Skye Bank Plc to underline the bank's commitment to the banking industry and human capital development.

  Daily Trust
Nigeria: Lagos Launches Community-Based Health Insurance Scheme

Governor Babatunde Fashola of Lagos State yesterday launched the state pilot community-based health insurance scheme, called the Ikosi-Isheri Mutual Health Plan, which he noted signaled the beginning of a new order in the creation of a formalised welfare system for the provision of sustainable healthcare coverage for the citizens of the state.

  Leadership
Ethiopia: Ministry Says Four More Microfinance Institutions to Be Financed

The Commercial Bank of Ethiopia (CBE) is set to finance four new Microfinance institutions (MFI) in addition to the five similar institutions it is supporting, the ministry of finance and economic development said on Tuesday.

  Daily Monitor
Ghana: Banking Industry Sees Growth in Assets

The banking industry of the country has witnessed massive development in its assets, recording a 4.4 per cent growth at the end of March 2008.

  Ghanaian Chronicle
Uganda: Makerere University Has 132 Bank Accounts

MEMBERS of Parliament were on Tuesday stunned to learn that Makerere University operates 132 bank accounts.

  New Vision
Tanzania: New Report On BOT Theft Out

A report on the siphoning of over Sh5 billion from the External Payment Arrears (EPA) account during the financial year 2006/2007 has been presented to the Government.

  The Citizen
Nigeria: Investments - BoI, Unido Explore Partnership Opportunities

The Bank of Industry (BoI) Limited and the United Nations Industrial Development Organisation (UNIDO) have entered into an agreement to explore partnership opportunities between the two institutions.

  Leadership
Nigeria: CBN to Investigate Banks Over Interest Rate Hike

The Central Bank of Nigeria (CBN) will soon commence investigations into the interest rate hike by commercial banks in the country, the CBN Governor, Professor Chukwuma Soludo, said in Abuja yesterday.

  Daily Trust
Uganda: Stock Splits to Ease Scarcity of Baroda, UCL Shares

Shareholders in Uganda Clays Limited and Bank of Baroda are discussing how to reduce the prices at which their shares can be sold to the public.

  Monitor
Nigeria: Afribank Receives 'Best Supportive Bank' Award

Afribank Nigeria Plc, has received the 'Best Supportive Bank' Award from the management of Omatek Computers Plc.

  Leadership
Nigeria: Fidelity Bank Takes Customers On Free Trip to Dubai

As part of its social corporate responsibility, Fidelity Bank Plc has planned to take its numerous customers on trip to Dubai, the United Arab Emirate starting from August 1, 2008.

  Daily Trust
Nigeria: 451 Billion Naira Statutory Allocation Deflates Cost of Funds By 37 Percent

Cost of funds in the interbank money market dropped sharply by 37.75 per cent following the influx of about N451 billion statutory allocations to the three tiers of government for July.

  Vanguard
Nigeria: AFC - Soludo, Ometoruwa to Help FG Recover 11 Million U.S. Dollars

Governor of the Central Bank (CBN), Prof. Chukwuma Soludo, and Managing Director (MD) of the African Finance Corporation (AFC), Mr. Austine Ometoruwa, are to help the Federal Government recover the $11 million interest which accrued to CBN's investment in the African Finance Corporation.

  Vanguard
Nigeria: AFC Gets New President

The Board of Directors of the Africa Finance Corporation (AFC) Tuesday indefinitely suspended Mr. Austine O. Ometoruwa as President and Chief executive Officer of the institution.

  Daily Trust
Nigeria: Fidelity Bank Tier One Capital Hits Over $1 Billion

As banks in the country continue to improve on their financial profitability, the Fidelity Bank Plc yesterday announced that it has grown with tier one capital of over $1 billion.

  Leadership
Nigeria: CBN Introduces Resident Bank Examiners

The Central Bank (CBN), announced, yesterday, that it would post Resident Bank Examiners to banks as from January next year.

  Vanguard

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Active Discussions: Banking and Insurance
Zimbabwe: Zanu-PF Stashes the Cash   7 recent comments
Zimbabwe: A Nation of Billionaires   3 recent comments
Zimbabwe: RBZ Working On $500 Billion Note   1 recent comments
Africa: Ecobank Group, Bank of Industry Sign MOU On SMEs Across Africa   1 recent comments
Kenya: IFC Helps Launch First Private Student Loan Program   1 recent comments
More Banking and Insurance comments »


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