Exim Bank has launched a new account dubbed 'Faida' that will enable its customers to draw money from ATMs linked to MasterCard system worldwide.
Togo-based Ecobank, which currently operates in 25 African countries, will commence operations in Tanzania next month.
THE African Development Bank has pledged to release a US$51 million loan to Zimbabwe to be channelled to power utility Zesa Holdings for emergency rehabilitation of key power infrastructure.
SENATE yesterday postponed debate on the RBZ Amendment Bill to next Tuesday after members requested for time to look at further adjustments that were made to the prospective law in the House of Assembly.
The Development Bank of Rwanda (BRD) has released loans worth Rwf11billion within the ten months of 2009, showing resilience to the liquidity crunch that hit the local and international financial sector this year.
The management of Intercontinental Bank, yesterday, might have sacked about 26 senior management staff of the bank. But in an official statement, the bank said that the 26 senior management staff of the bank voluntarily resigned their appointments. Although the details of those forced resignations were still scanty as at the time of going to press, insiders told Vanguard that those affected were ...
Edrissa Mass Jobe, has been appointed as the new Chairman of FIBank with a mandate to turnaround the Bank and enhance the brand and reputation.
There are indications that investors from The Netherlands may have indicated interest in ailing Nigerian banks and may be on their way to hold strategic intervention talks with some of the banks next week in Abuja.
Men of the Economic and Financial Crimes Commission have arrested four principal officers of Intercontinental Bank Plc over an alleged unauthorised transfer of N12 billion to the embattled former Managing Director and chief executive of the bank, Mr. Erastus Akingbola.
THE recent launch of a $25m (sh47b) agri-business loan scheme provides new opportunities for Uganda's small farmers who in the past were considered too risky for lending.
An analysis on the Uganda banking sector has predicted that the sector is "unlikely to repeat recent historic levels of asset and profit growth" because of several recent dynamics in the market.
It was once a no go area. If one insisted on moving around Teso in 2003, for example, they had to be escorted by the army.
A joint statement by multilateral development banks and the International Monetary Fund in anticipation of the Copenhagen Conference:The heads of the world’s leading international financial institutions today called for a comprehensive agreement to combat climate change at this month’s Copenhagen Conference and agreed to further coordinate their own efforts to help achieve the ...
The African Development Bank has disclosed that it will invest $30 million to facilitate infrastructure development in Africa.
IN a rare feat, the country's economy registered a staggering USD 620.4 million (approx. 806.4bn/-) balance of payment surplus thanks to disbursements from International Monetary Fund (IMF) during the year ending September 2009.
National Insurance Commission (NAICOM) said it has increased surveillance on insurance companies to check spread of toxic assets to the insurance market as well as protect policyholders.
Many people are still ignorant of the workings of the ATM. The customers complain about the way the machine seems to have short changed them. Our reporter investigates.
Ecobank, The Gambia, last Thursday gave out three Tobaski rams to three lucky winners of the bank's raffle draw held in the conference hall of the bank at Kairaba Avenue.
Tanzania recorded a surplus of $620.4 million (Sh825.1 billion) in its balance of payments in the year ending September from a deficit of $115.1 million (Sh153 billion) during the same period in 2008.
THE effects of lower interest rates are slowly filtering through into house prices, with the First National Bank (FNB) house price index turning positive last month for the first time in a year.
Investors' apathy for activities on the stock market persisted yesterday with further decline in share prices of almost all the quoted companies, especially the blue chips.
Charting a new course for a business in times of economic downturn is a daunting task. Combine this with a near collapse of infrastructure and an economy that is struggling to find a footing in both regional and global scale, then the challenges are just incredible. But that is the task Mr Godwin Ejembi Odah, the one year old CEO of Union Assurance Company is set to achieve. He is no stranger to ...
Service in some of the commercial banks in the country is really disgusting and something needs to be done urgently.
Intercontinental Bank Plc said yesterday that it has recovered N78 billion bad loans since the Central Bank, CBN, intervention on August 14 and said it has improved its risk management. Chief Executive Officer, Mahmoud Alabi, appointed by the Central Bank, said the bank hoped to recover up to N100 billion before year-end.
PAN-African microfinancier Blue Financial Services has had a tough time of late, plunging into a R162,3m loss for the six months to August.
