August 27
Nigeria: Kwara Government, World Bank to Collaborate On Irrigation Farming
Premium Times
Governor Abdul Razaq says the World Bank project will boost agriculture and raise the living standard of the people if sited in Kwara Read more »
Nigeria: Bdan Grows Income By 138.9 Percent for 2023, Admits New Directors
Daily Trust
The Bank Directors Association of Nigeria (LTD/GTE) reported a remarkable 138.9 per cent increase in total income for 2023 during its 27th Annual General Meeting, held via Zoom… Read more »
August 26
Liberia: CBL Dismisses U.S.$10 Million Scam Allegation By Portuguese National, Cites Fraud Concerns
Liberian Investigator
The Central Bank of Liberia (CBL) has refuted claims made by a Portuguese national, Joao Miquel Amaro Correia, who alleges that the Bank failed to transfer US$10 million to him… Read more »
Somalia: Al-Shabaab Issues Warning to Somali Banks Over New 5 Percent Sales Tax
Shabelle
Al-Shabaab, the militant group controlling parts of Somalia, has issued a stern warning to local banks and financial institutions against complying with the recently introduced 5%… Read more »
Liberia: Cbl Replies Portuguese National Over 'Dubious' Financial Transaction Claim
Liberian Observer
The Central Bank of Liberia (CBL) has responded to a complaint from a Portuguese national, Joao Miquel Amaro Correia, regarding an alleged failure to transfer US$10,000,000 for a… Read more »
Kenya: Stanchart Profit Surges 48 Percent On Higher Lending, Fees Revenue
Daba Finance
TLDR Read more »
Tanzania: Exim to Raise Fund for Mental Health Facilities Upgrades
Daily News
EXIM Bank to raise 300m/- over the next three years for financing essential services and infrastructure upgrades in mental health facilities. Read more »
South Africa: Pension Fund Members Required to Be Registered for Tax to Withdraw Savings
SAnews.gov.za
Persons who intend to withdraw from the savings pot of the Two-Pot Retirement System from 1 September 2024 must be registered for tax, said the South African Revenue Service… Read more »
Liberia: IMF Reaches Staff-Level Agreement On a New 40-Month Extended Credit Facility Arrangement [document]
IMF
International Monetary Fund staff and the Liberian authorities have reached a staff-level agreement on a comprehensive set of policies to support a 40-month Extended Credit… Read more »
August 25
Nigeria: Court Freezes 32 Accounts Linked to #endbadgovernance Protests [full List]
Vanguard
A Federal High Court in Abuja has frozen 32 bank accounts allegedly linked to the recent #EndBadGovernance protests across Nigeria. Read more »
South Africa: Looted SME Bank Millions Splashed On Cars in SA
Namibian
Part of the N$79 million stolen from SME Bank was used to buy luxury vehicles such as an Aston Martin, a McLaren and a Mercedes-Benz for individuals in South Africa. Read more »
Nigeria: Banks, Fintech to Integrate Data Bundle Service On Platforms
Leadership
Banks and fintech companies can now integrate data bundle service directly into their platforms, with the Application Programming Interface (API) designed by S.Mobile for MTN data… Read more »
Tanzania: Kizimkazi Festival - NBC Bank Boosts Sports, Tourism in Zanzibar
Daily News
The National Bank of Commerce (NBC) has played a pivotal role in the success of the Kizimkazi Festival, an annual event that has become a hub for sports, entertainment, and tourism… Read more »
August 23
Rwanda: Central Bank Chief Economist On Inflation Development, Economic Growth
New Times
The Monetary Policy Committee (MPC) of the National Bank of Rwanda (NBR) reduced its key interest rate, known as the central bank policy rate, from 7 per cent to 6.5 per cent, on… Read more »
August 22
Namibia: Central Bank Says Local Exchange Control Policies Conducive for Oil and Gas
Namibia Economist
Namibia's Exchange Control Policies and Laws remain supportive of the nascent oil and gas sector and are designed to promote a favourable investment environment for foreign direct… Read more »
South Africa: Two-Pot Retirement Reform in a Nutshell
Daily Maverick
After years of workshops, implementation dates moving back and forth and endless debate about how it would work, the two-pot retirement reform implementation date is around the… Read more »
August 21
Nigeria: Adebise, Adedibu Join Fcmb Board As Non-Executive Directors
Daily Trust
First City Monument Bank (FCMB) Limited has welcomed two new members to its board of directors. Read more »
Nigeria: Union Bank Records N79.8bn Half Year Pbt
Daily Trust
The Union Bank of Nigeria has reported a profit before tax of N79.8 billion on gross earnings of N333 billion during the half year ended June 30, 2024 compared with a profit before… Read more »
Nigeria: Sunu Assurances Pays N2.08bn Claims, Posts N2.5bn Profit
This Day
SUNU AssurancesPlc said it paid a total of N2.08 billion claims to its policy holders in the 2023 financial year, representing 41.5 per cent increase from N1.47 billion paid in… Read more »
Nigeria: UBA @ 75 - Power of Impact, Transforming Lives
This Day
Keeping faith with its Legacies of Promos and in commemoration of its 75th anniversary, the United Bank for Africa, UBA, has set aside over N200 million to reward its loyal… Read more »
Nigeria: Laline - How Executives Can Foster Adaptive, Resilient Organisational Culture, Inspire Change and Sustainable Success
This Day
Rodria Laline, the inventor of the first chip used on the first ATM card, is a former senior vice-president of Oracle in Asia Pacific and Harvard and is an INSEAD and IESE… Read more »
Nigeria: Hassan - Ndic Has Paid 86 Percent of Heritage, Other Insured Depositors of Failed Banks
This Day
Managing Director/CEO of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has announced that the commission has disbursed 86 percent of the total insured… Read more »
Rwanda: I&m Bank Rwanda Records Rwf12 Bn Profit Before Tax in First Half of 2024
New Times
I&M Bank Rwanda generated Rwf12 billion profit before tax in the first half of 2024, rising from Rwf7 billion recorded in the same period last year. Read more »