April 15
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 »