THE partial immunity from prosecution granted to the Central Bank Governor Gideon Gono through amendments to the Reserve Bank Reform Bill "is a safe exit strategy" for a man under immense pressure to throw in the towel, political analysts said last week.
Public Private Partnership Africa Conference provides a platform for all stake holders to promote infrastructure development, examine challenges and opportunities in the infrastructure: energy, transport and water sectors in Africa.
When bankers steal it is sad. When bankers steal, the whole concept of banking becomes meaningless. The 2008 Annual Report of the Nigeria Deposit Insurance Corporation (NDIC) has revealed that 313 bank staff of various categories stole a staggering N53 billion in the year 2008.
"If agriculture is so important in Africa, why is so little being done about it?" This brainteaser from the African Development Bank Group President, Donald Kaberuka, set the tone for an AfDB-IFAD High Level Partnership Meeting which is reviewing a Joint Evaluation of Agricultural and Rural Development in Africa, held on Friday 20 November 2009 in Tunis.
INDICATIONS have emerged that the Central Bank, CBN, has given the shareholders of the nine troubled banks to recapitalise the banks.
The pan-African financial services Group, United Bank for Africa (UBA) Plc has continued to grow and expand in the continent with the opening of its Gabon affiliate; UBA Gabon, on Monday, November 16, 2009.
In its drive to instal optimum-functionality and cutting edge risk management systems, Fidelity Bank Plc has acquired the globally recognised and respected Credit Risk and Portfolio Management Software known as Creditquest.
Faulu Advisory Services, a fully owned subsidiary of micro-finance group Faulu Kenya, has acquired an insurance brokerage company as it seeks to diversify its offerings by getting a piece of the untapped business.
Union Bank of Nigeria PLC has announced gross earnings of N147.32 billion for the Group for the financial year ended March 31, 2009.
African countries will have to continue pursuing regional integration if they are to cut costs across all aspects of infrastructure, the World Bank said in a latest report on Africa's Infrastructure.
The search for a new person to take up the position as Managing Director of the Ghana Commercial Bank (GCB) is gathering a lot of storm after almost a month without the board settling on a successor. Names short listed for the job include Managing Director of Stanbic Bank, Mr. Alhassan Andani and Deputy Managing Director of UniBank, John Kofi Mensah, The Chronicle has learnt.
Mr. Taoufik Baccar, the Governor of Tunisia's Central Bank (BCT) opened on Monday in Tunis, a regional seminar on the theme "Central Banks and the financial crisis."
The hearing of the case facing former Bank of Tanzania Director of Personnel and Administration Amatus Liyumba continued yesterday before the Kisutu resident magistrates' court.
Two years of economic and market turmoil mean that investors cannot ignore the chances of even the most extreme events like global depression or a killer pandemic, a leading investment consultancy said in London on Monday.
Kenya Commercial Bank (KCB) Rwanda is in the process of installing a new banking software that will link all its branches to those of its affiliates across East Africa and Sudan, the bank's Managing Director said on Monday.
