April 15
Eswatini: International Consortium of Investigative Journalists Reveals Nation's Secrets [editorial]
International Consortium of Investigative Journalists
Swazi Secrets exposes the role the tiny kingdom of Eswatini, the last absolute monarchy in Africa, may have played in the regional illicit economy. Read more »
Ghana: Fastrack Process to Introduce Islamic Banking - Prof Gatsi
Ghanaian Times
The Dean of the School of Business of the University of Cape Coast, Professor John Gatsi, says Ghana must fastrack the process to introduce Islamic Banking in the country. Read more »
April 14
Nigeria: 6 Banks Spend N205.34bn On It Amid E-Payment Boom
Leadership
Six commercial banks increased their spending on information and technology (IT) by 44.66 percent to N205.34 billion as more customers carried out electronic transactions,… Read more »
April 10
Nigeria: UBA Grows Gross Earnings By 143 Percent, Profit Hits N757.7bn in 2023
Leadership
United Bank for Africa (UBA) Plc has proposed a final total dividend of N78.658 billion, representing N2.30 per share even as it recorded gross earnings growth of 143 per cent and… Read more »
Nigeria: Fy 2023 - UBA Records N608bn Profit, Shareholders' Funds Hits N2.0tn
Daily Trust
United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2023, showing profit after tax (PAT) grew by 257 per cent from… Read more »
Nigeria: CAC Places First Bank Records On Caveat Over Litigation
Daily Trust
The Corporate Affairs Commission, CAC, has placed the records of First Bank of Nigeria (FBN) Holdings on caveat pending the resolution of the crisis rocking the board of the bank… Read more »
April 09
Kenya: President Ruto - Hustler Fund Will Be Shariah Compliant
Capital FM
The Hustler Fund will be recalibrated to allow Muslims consume the product. Read more »
April 08
Zimbabwe: Reserve Bank Cuts Policy Rate From 130 to 20%, Bets on New Gold Currency
263Chat
The Reserve Bank of Zimbabwe (RBZ) has cut the policy rate to 20 percent from 130 percent previously as it bets on measures to stabilize the newly introduced Zimbabwe Gold (ZiG)… Read more »
Nigeria: Betta Edu - N30bn Recovered, 50 Bank Accounts Under Probe - EFCC
Daily Trust
The Economic and Financial Crimes Commission (EFCC) says it has recovered N30 billion in the alleged money laundering case against the suspended Minister of Humanitarian Affairs,… Read more »
Uganda: URA Urged to Address 15 Percent Withholding Tax On Members' Dividends
Nile Post
Savings and credit cooperative organizations (Saccos) in Uganda have called upon the Uganda Revenue Authority (URA) to clarify the 15% withholding tax imposed on members' dividends… Read more »
Cote d'Ivoire: IMF Reaches Staff Level Agreement With Côte d'Ivoire On the Second Review of the EFF/ECF [document]
IMF
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of… Read more »
April 07
East Africa: Ethiopia's Digital Payment Ensures Equitable Benefit Sharing - NBE
Ethiopian Herald
- The national digital payment initiative leverages global insights on digitization to foster stronger, safer, and fairer communities, National Bank of Ethiopia (NBE) said. Read more »
April 04
Namibia: Namibia Records N$26,3m Worth of Fraud Cases in Banking Sector
Namibian
Namibia has recorded a total of 357 fraud cases in 2023, which has led to losses amounting to N$26,3 million. Read more »
Africa: Standard Chartered, Old Mutual Fintech Arms to Launch UAE Wealth Management Platform
Daily Maverick
The new wealth platform will be headquartered in the UAE, the Middle East's financial hub, providing access to advanced budgeting, savings and investment solutions for users in the… Read more »
Uganda: NCBA Monthly Mug Challenge Set for Namulonge
Independent (Kampala)
NCBA Bank will sponsor the Monthly Mug challenge at the MaryLouise Simkins Memorial Golf Club in Namulonge. The NCBA Monthly Mug tournament is scheduled to take place on April 27,… Read more »
Nigeria: Student Loan - Everything You Need to Know
Leadership
President Bola Tinubu a couple of days ago signed a pivotal piece of legislation into law aimed at transforming tertiary education financing in Nigeria. Read more »
April 02
Nigeria: Zenith Bank Named Nigeria's Best Bank for the 4th Year [press release]
Premium Times
The Bank emerged as the best bank in Nigeria in the Global Finance Best Banks Awards 2024 Read more »
April 01
Nigeria: Banking Sector Recapitalisation - Much Ado About Retained Earnings
This Day
Behind the figures by Ijeoma Nwogwugwu Read more »
Zimbabwe: Herentals Bank On Underdog Tag
The Herald
WinlessESS Herentals College will be hoping to exploit the underdog tag when they face Castle Lager Premier Soccer League leaders, FC Platinum at Rufaro this afternoon. Read more »
Nigeria: Cppe Speaks On CBN Recapitalisation of Banks
Premium Times
"The purpose of adequate capitalization is to ensure the efficiency and stability of the financial system," the think tank said. Read more »
Namibia: Omusati Take It Home
Namibian
Omusati took the coveted Nedbank Namibian Newspaper Cup home after a protracted final on Monday that was eventually decided on a penalty shoot-out. They defeated a spirited Kavango… Read more »
March 29
Ethiopia: From Shadows to Spotlight - Why Ethiopia Became Latest Scene for Cryptocurrency Rush
Addis Standard
In the heart of East Africa, a surprising powerhouse is rising in the world of cryptocurrency. Read more »
Zimbabwe: Mnangagwa Appoints New Central Bank Governor Amid Concerns Over High Inflation, Crumbling Zimbabwe Dollar
New Zimbabwe
President Emmerson Mnangagwa has appointed top-ranked banker, John Mushayavanhu, as the new governor of the central bank, almost a month before the end of John Mangudya's term of… Read more »
March 28
Nigeria: Breaking - CBN Introduces N500bn, N200bn Minimum Capital Base for Banks
Vanguard
Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the financial system, the Central Bank of Nigeria (CBN) on… Read more »
Nigeria: CBN Directs Nigerian Banks to Increase Capital Base
Premium Times
All banks are required to meet the minimum capital requirement within 24 months Read more »