July 02
Namibia: Central Bank Launches Instant Pay Project
Namibian
The Bank of Namibia (BoN) last week launched the Instant Payment Programme (IPP), aiming to modernise Namibia's payment infrastructure. Read more »
Kenya: NCBA Fully Acquires AIG Kenya Insurance Company
Capital FM
NCBA Group has finalized the full acquisition of AIG Kenya Insurance Company, further expanding its grip on Kenya's insurance sector. Read more »
Nigeria: Cardoso Urges Stronger Anti-Money Laundering Law
Leadership
Governor of the Central Bank of Nigeria Olayemi Cardoso has called for regulations to strengthen anti-money laundering and cybersecurity crimes within the West African Monetary… Read more »
July 01
Africa: Afreximbank and the WTO Secretariat harmonize efforts to develop trade in Africa
Afreximbank
Today, African Export-Import Bank (Afreximbank or "the Bank") signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to amplify the impact of their… Read more »
Nigeria: Omosehin Charges Actuaries On Shaping Future of Insurance With Ai
This Day
The Commissioner for Insurance, Mr Olusegun Ayo Omosehin, has charged members of the Nigerian Actuarial Society (NAS) to collaborate, innovate, and lead the way in shaping the… Read more »
June 30
Nigeria: Account for Missing N100bn Dirty Notes, Others, SERAP Tells CBN
Leadership
Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso to account for the whereabouts of the over… Read more »
Nigeria: Serap Gives CBN 7 Days to 'Account for Missing N100bn Dirty Notes, Other Public Funds'
Vanguard
Socio-Economic Rights and Accountability Project (SERAP) has urged Mr. Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), "to account for and explain the whereabouts… Read more »
Nigeria: Second Banking Sector Recapitalisation - Adopting the Okereke-Onyiuke Model
This Day
As Nigerian commercial banks continue to roll out plans to surpass the new capital threshold introduced by the Central Bank of Nigeria, Nik Ogbuile wonders whether we still have… Read more »
June 28
Kenya: Court Orders Banks to Seek Approval From Finance CS Before Raising Interest Rates
Capital FM
The Supreme Court has declared that banks and financial institutions must seek approval from the Cabinet Secretary for Finance before increasing interest rates on loans and… Read more »
June 27
Nigeria: Experts Laud New CBN Policy On Diaspora Remittances, Urge Close Monitoring of IMTOs
Leadership
Economic experts have commended the Central Bank of Nigeria on its latest decision to allow eligible International Money Transfer Operators (IMTOs) to sell foreign exchange… Read more »
Nigeria: CBN Discontinues Price Verification System for Form 'M' Applications
Premium Times
Form M is required for all importers bringing goods into Nigeria with foreign currency. Read more »
Nigeria: Form 'M' No Longer Requires PVs - CBN
Leadership
The Central Bank of Nigeria (CBN) has announced the discontinuation of the Price Verification System (PVS), saying effective July 1, 2024, Form 'M' would be validated without the… Read more »
Kenya: CBK Approves Mogo As Digital Credit Financier
Capital FM
The Central Bank of Kenya has now approved Mogo Kenya to provide digital credit services in the country. Read more »
Nigeria: Sterling Bank Unveils N5bn SMEDAN Fund
Daily Trust
Sterling Bank has partnered with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to launch the Databanc platform. Read more »
June 26
Mozambique: Court Blocks CTA Bank Accounts
AIM
The Maputo City Court has ordered the blocking of the bank accounts of the Mozambican Confederation of Business Associations (CTA), as well as the seizure of its head office… Read more »
Lesotho: Kingdom of Lesotho - Staff Concluding Statement of the 2024 Article IV Mission [press release]
IMF
A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or 'mission'), in most cases to a member country. Missions are… Read more »
Zambia: IMF Executive Board Completes Third Review Under the Extended Credit Facility and Approves Augmentation of the Arrangement [press release]
IMF
The Executive Board of the International Monetary Fund (IMF) completed today the third review of Zambia's 38-month Extended Credit Facility (ECF) Arrangement and approved an… Read more »
Nigeria: CBN Will Support Eurobond Issue, Measures to Boost External Reserves - Cardoso
Vanguard
·Rules out further naira volatility ·Says FX reforms has stabilized nation's currency Read more »
Nigeria: Application Open for Access Bank's Womenpreneur Pitch-a-Ton Programme
This Day
In a bid to inspire, connect and empower women, Access Bank has opened the portal for registration for season six of its Womenpreneur Pitch-A-Ton programme. Read more »
Nigeria: How Access Bank Is Promoting True African Identity
This Day
In commemoration of the 2024 Africa Day Celebration, Sunday Ehigiator writes on how Access Bank Plc, a leading pan-African financial institution, stands at the forefront of… Read more »
June 25
Central African Republic: IMF Executive Board Completes the Second Review Under the Extended Credit Facility Arrangement for the Central African Republic and Approves U.S.$25 Million Disbursement [press release]
IMF
The Executive Board of the International Monetary Fund (IMF) completed today the second review of the Extended Credit Facility arrangement (ECF) of SDR 147.48 million (about US$197… Read more »
Nigeria: Civil Societies Support FG's Recapitalisation, Reform of Banks
This Day
Following the decision of the Central Bank of Nigeria (CBN) to recapitalise commercial banks in the country, the Coalition of Civil Society Organisations in the country has thrown… Read more »
Cape Verde: IMF Executive Board Completes Fourth Review of the Arrangement Under the Extended Credit Facility and First Review of the Arrangement Under the Resilience and Sustainability Facility for Cabo Verde [press release]
IMF
The Executive Board of the International Monetary Fund (IMF) completed the fourth review of Cabo Verde's performance under the 36-month Extended Credit Facility (ECF) arrangement… Read more »
Nigeria: CBN Mandates Banks, IMTOS to Pay Diaspora Remittances in Naira
This Day
The Central Bank of Nigeria (CBN) Tuesday directed banks and International Money Transfer Operators (IMTOS) to pay all diaspora remittances in Naira and match with the… Read more »
Ethiopia: Gambella Surges Gold Supply to Central Bank
Ethiopian Herald
Gambella's gold supply to the National Bank of Ethiopia has seen steady growth since the reform, the State Chief said. Read more »