April 01
Zimbabwe: Herentals Bank On Underdog Tag
The Herald
WinlessESS Herentals College will be hoping to exploit the underdog tag when they face Castle Lager Premier Soccer League leaders, FC Platinum at Rufaro this afternoon. Read more »
Nigeria: Cppe Speaks On CBN Recapitalisation of Banks
Premium Times
"The purpose of adequate capitalization is to ensure the efficiency and stability of the financial system," the think tank said. Read more »
Namibia: Omusati Take It Home
Namibian
Omusati took the coveted Nedbank Namibian Newspaper Cup home after a protracted final on Monday that was eventually decided on a penalty shoot-out. They defeated a spirited Kavango… Read more »
March 29
Ethiopia: From Shadows to Spotlight - Why Ethiopia Became Latest Scene for Cryptocurrency Rush
Addis Standard
In the heart of East Africa, a surprising powerhouse is rising in the world of cryptocurrency. Read more »
Zimbabwe: Mnangagwa Appoints New Central Bank Governor Amid Concerns Over High Inflation, Crumbling Zimbabwe Dollar
New Zimbabwe
President Emmerson Mnangagwa has appointed top-ranked banker, John Mushayavanhu, as the new governor of the central bank, almost a month before the end of John Mangudya's term of… Read more »
March 28
Nigeria: Breaking - CBN Introduces N500bn, N200bn Minimum Capital Base for Banks
Vanguard
Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the financial system, the Central Bank of Nigeria (CBN) on… Read more »
Nigeria: CBN Directs Nigerian Banks to Increase Capital Base
Premium Times
All banks are required to meet the minimum capital requirement within 24 months Read more »
Liberia: CBL Brought the Panic On Liberians [editorial]
New Dawn
Economists would say panic and speculation are among the forces that drive the market and determine economic activities, whether good or bad. This is unfolding right now in Liberia… Read more »
Nigeria: CBN Pegs Minimum Capital Bases for Banks At N500bn, N200bn
Leadership
Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the nation's financial system, the Central Bank of Nigeria… Read more »
Nigeria: Reps Panel Accuses CBN, Banks of Sharing N15bn Remittance
Leadership
The House of Representatives' Committee on Public Accounts has accused the Central Bank of Nigeria (CBN) and commercial banks of complicity in the sharing of the N15 billion… Read more »
March 27
Kenya: Kenya Has Tightened Its Laws to Stop Money Laundering - Why Banks Are the Focus [analysis]
The Conversation Africa
Kenya's banking industry has in recent years been in the crosshairs of national, regional and international watchdogs, given the country's role as a financial hub in eastern… Read more »
Nigeria: Insurance Assets Rises By 27 Percent, Hits N2.67trn
Leadership
Nigeria's insurance industry recorded a significant improvement in real terms as the market recorded total assets of N2.67 trillion and capitalisation of N851 billion in 2023,… Read more »
March 26
Nigeria: Central Bank Raises Interest Rate
Premium Times
The committee voted to retain the Cash Reserve Ratio (CRR) at 45 per cent for commercial banks and adjust the CRR of merchant banks from 10 per cent to 14 per cent Read more »
Ethiopia: Commercial Bank of Ethiopia Recovers 78 Percent of 801.4 Million Birr Lost in System Glitch: President Abe Sano
Addis Standard
Abe Sano, President of the state-owned Commercial Bank of Ethiopia (CBE), announced this morning that the maximum amount of money vulnerable to theft during the recent "system… Read more »
Uganda: NCBA Bank Joins Indian Community in Holi Festival Celebrations
Independent (Kampala)
Ugandan Indians, alongside members of the wider community, converged over the weekend for an evening of jubilant festivities, commemorating the onset of spring and the symbolic… Read more »
Ghana: BoG Maintains Policy Rate At 29 Percent
Ghanaian Times
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 29 per cent, citing economic stability. Read more »
March 25
Nigeria: Just-in - CBN Begins Forex Sales to BDCS At N1,251/$1
Leadership
The Central Bank of Nigeria (CBN) has issued a circular addressed to Bureau De Change operators (BDCs), revealing that each BDC has been allocated $10,000 at a rate of N1,251/$1. Read more »
Nigeria: NDC Urges EFCC to Return Recoveries
Daily Trust
The Nigeria Deposit Insurance Corporation (NDIC) has solicited the return of recoveries made by the Economic and Financial Crimes Commission (EFCC) on its behalf to the… Read more »
March 24
Liberia: Accept the Old Money As Legal Tender
New Dawn
Amid confusion over the legality of the old Liberian banknotes, which is impeding daily market transactions, the Central Bank of Liberia calls on the public to accept the old… Read more »
March 23
Nigeria: Notorious Missteps of Cardoso's CBN
This Day
When you want unvarnished truth, served with profound elan, brutal elucidation, and delivered with missile-guided robustness, the man you need is Marcel Okeke. He comes heavily… Read more »