March 28
East Africa: The StopEACOP Coalition Condemns the Partial Financing of the East African Crude Oil Pipeline
350Africa.org
The StopEACOP Coalition strongly condemns the financial institutions that have chosen to bankroll the destructive East African Crude Oil Pipeline (EACOP), as announced by… Read more »
Morocco: Morocco's Bank of Africa Group Profit Hits Record $312m in 2024
Daba Finance
TLDR Read more »
Liberia: Ngafuan Applauds CBL for Launch of Fin-Ed Program, Pan African Payment System
Liberian Observer
-- Describes the two initiatives as vital milestones in boosting business efficiency and lowering costs Read more »
Nigeria: Fidelity Bank Flags Suspicious Remittance, Denies Bribery Allegation
Premium Times
A report had alleged that a Fidely Bank personnel demanded bribe after a customer visited the lenders UNIBEN branch to claim a Remitly transfer. Read more »
Nigeria: Zenith Bank's Annual Profit Soars to Record N1 Trillion
Premium Times
Profit before tax was up by 66.7 per cent, while post-tax profit grew to N1 trillion from N676.9 billion. Read more »
March 27
Kenya: Jijenge Credit Welcomes Loan Pricing Overhaul Calls
Capital FM
Digital lender, Jijenge Credit limited has backed calls for a common base lending rate being spearheaded by commercial banks, saying the move will offer predictability and… Read more »
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Madagascar: African Development Bank Grants $25 Million Trade Finance Facility to Bank of Africa Madagascar
African Development Bank (AfDB)
The Board of Directors of the African Development Bank Group has approved a $25 million Trade Finance Transaction Guarantee Facility for Bank of Africa Madagascar to accelerate the… Read more »
Nigeria: Zenith Bank Maintains Track Record As Pbt Hits N1.3 Trillion, Proposes N4.00 Final Dividend
This Day
Zenith Bank Plc has announced its audited financial results for the year ended December 31, 2024, delivering significant growth across key performance indicators. The Bank's… Read more »
Nigeria: Heritage Bank Depositors Urge National Assembly to Intervene in CBN Revocation
This Day
Depositors with funds of N5 million and above in the now-defunct Heritage Bank have appealed to the National Assembly to urgently intervene in the revocation of the bank's license… Read more »
Zimbabwe: Govt to Establish Fund to Safeguard Insurance Policyholders
The Herald
Bulawayo Bureau Read more »
March 26
Nigeria: Court Dismisses First Bank's Suit Against General Hydrocarbons
Premium Times
The court laid aside the entire lawsuit, noting that it lacks the jurisdiction needed to hear the case. Read more »
Africa: Malnutrition Not Due to Cash Poverty Alone
IPS
The World Bank set its US 'dollar-a-day' poverty line using its 1990 data. Despite many doubts and criticisms, its poverty numbers fell until the COVID-19 pandemic began in 2020. Read more »
Nigeria: Again, General Hydrocarbons Limited Floors First Bank in Court
This Day
·Judge: It's classic case of abuse of court process Read more »
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Africa: All You Need to Know about Loan Options
InfoWire
Wanting to take out a loan can be challenging, especially when credit histories aren't ideal. Despite these challenges, understanding loan options can pave the way to improved… Read more »
Nigeria: Heritage Bank Depositors Appeal to National Assembly for Intervention
Vanguard
Depositors of Heritage Bank with deposits exceeding N5 million have appealed to the National Assembly to intervene and assist in the resolution of the bank's license by the Central… Read more »
Nigeria: Olubunmi - Bank Recapitalisation Will Spur New Economic Sectors, Strengthen Growth [interview]
This Day
In this interview, Head of Financial Institutions Ratings at Agusto & Co., Ayokunle Olubunmi, provides insights into the ongoing banking recapitalisation exercise and its… Read more »
Nigeria: Firstbank Partners South West Games 2025
This Day
As part of its First@Sports initiative, Nigeria's foremost financial institution; FirstBank of Nigeria Limited, has thrown its weight behind the maiden edition of the South West… Read more »
Zimbabwe: Banker Vying to Run Top African Lender
The Herald
Swazi Tshabalala, South Africa's candidate to head the African Development Bank, knows exactly what she'll do if she gets the job. Read more »
March 25
Kenya: CBK Warns Banks Against High Lending Rates, Threatens Heavy Penalties
Capital FM
The Central Bank of Kenya (CBK) has warned commercial banks against failing to lower interest rates in line with monetary policy adjustments under the Risk-Based Credit Pricing… Read more »
Cote d'Ivoire: Ecobank Ivorian Unit Proposes Higher Dividend After $95m Profit
Daba Finance
TLDR Read more »
Nigeria: FBN Launches New Digital Xperience Centre in Lagos
Daily Trust
First Bank of Nigeria Limited has launched another FirstBank Digital Xperience Centre at Lekki, Lagos; reinforcing the bank's commitment to digital innovation and commission of… Read more »
March 24
Kenya: Court of Appeal Rejects Stanbic's Bid to Halt Banking Rules Ruling
Capital FM
The Court of Appeal has dismissed Stanbic Bank's request to suspend a High Court ruling, rejecting the bank's attempt to have Judge Nixon Sifuna recused from the case over an… Read more »
Uganda: Insurance Consortium Fuels Uganda's Oil Sector
Independent (Kampala)
The Insurance Consortium for Oil and Gas Uganda (ICOGU) has emerged as a critical player in Uganda's rapidly evolving energy sector, providing tailored insurance solutions to… Read more »
Nigeria: Access Holdings, Red Star Express, Lasaco Assurance Top Stock Pick This Week
Premium Times
This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions. Read more »
Rwanda: Bank of Kigali Launches 'Bigereho Na Bk' to Empower Customers to Reach Their Financial Goals
New Times
Bank of Kigali has officially launched the 'Bigereho na BK' campaign, an initiative designed to empower individuals, businesses, and farmers with financial solutions that drive… Read more »
Nigeria: Baobab Nigeria Disburses N500bn Loans, Reiterates Commitment to MSMEs Across Nigeria
This Day
Baobab Nigeria, a leading microfinance bank dedicated to empowering small businesses and individuals through financial solutions, over the weekend reiterated its commitment to… Read more »
Nigeria: Fcmb Opens Branch in Ogbomosho to Boost Local Economy
This Day
First City Monument Bank (FCMB) has expanded its footprint by launching a new branch in Ogbomosho. Officials say the move will boost financial inclusion and economic development.… Read more »
