August 02
Liberia: Boakai Suspends Central Bank Governor, Names Acting Successor
New Dawn
President Joseph Nyuma Boakai has appointed Mr. Henry F. Saamoi as the Acting Executive Governor of the Central Bank of Liberia (CBL). Read more »
Kenya: Apa, Hollard Insurance Merge Operations
Capital FM
APA Insurance and Hollard Insurance have merged operations after the two joined hands last month. Read more »
August 01
Africa: Seerbit - Unified Payment System Will Address Africa's Payment Challenges
This Day
SeerBit, a financial payment solution company has stressed the need for unified payment system across African countries, in order to ease trade and financial transactions. Read more »
Nigeria: Glo, Axa Mansard Health Launch Health Insurance Scheme
This Day
Globacom has launched the Glo Health Insurance package, an affordable micro-health insurance plan, offered in collaboration with AXA Mansard Health Insurance to provide access to… Read more »
Nigeria: Ecobank Group Declares N311bn Pat for H1 2024
This Day
The earnings of Ecobank Transnational Incorporated (ETI), a pan-African banking group, rose to the highest in at least nine years of N311 billion in the first half of 2024, about… Read more »
July 31
Uganda: Museveni Engages Standard Chartered Bank On Funding Key Projects
Independent (Kampala)
On July 25, President Yoweri Museveni met with a team from Standard Chartered Bank's Export Finance division at State House, Entebbe, to explore potential funding for various… Read more »
Ethiopia: Lawmakers Approve World Bank's $1.5b Grant, Concessional Loan
Addis Standard
In its first emergency meeting of the third year, the House of Peoples Representatives (HoPR) approved the World Bank's $1 billion grant and $500 million concessional credit from… Read more »
July 30
Nigeria: Why CBN Wants to Take Over Dormant Account Balances From Banks
Daily Trust
The management of the Central Bank of Nigeria (CBN), last week introduced another major policy, "Unclaimed Balances Trust Fund (UBTF) Pool Account," which will henceforth see the… Read more »
South Africa: The Pillaging of VBS Mutual Bank -
Daily Maverick
Although VBS Mutual Bank collapsed six years ago, it has been in the headlines this month following an affidavit by its former chairperson, Tshifhiwa Matodzi, that could well prove… Read more »
Zimbabwe: Afreximbank Earmarks U.S.$400m for Zim Firms
The Herald
The African Export-Import Bank (Afreximbank) has earmarked US$400 million for Zimbabwean-based pan-African firms seeking to undertake investments across the continent, a… Read more »
Zimbabwe: The Essential Role of Liability Insurance
The Herald
Liability insurance is a critical safeguard for small businesses, offering protection against potential financial losses arising from claims of injury, property damage, or… Read more »
Africa: Bloom Bank Africa Empowers Liberian Businesses.
New Dawn
The financial literacy training sessions covered budgeting, investment strategies, financial planning, and credit understanding. Read more »
July 29
Egypt: IMF Executive Board Completes the Third Review of the Extended Arrangement Under the Extended Fund Facility for Egypt [document]
IMF
Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the third review of Egypt's EFF arrangement. This enables the authorities to immediately draw… Read more »
Zimbabwe: U.S.$50m to Boost Interbank Market
The Herald
THE Reserve Bank of Zimbabwe (RBZ) is set to inject US$50 million into the interbank foreign exchange market to assist banks fund key imports and ease the demand for foreign… Read more »
July 28
South Africa: Siu Joins Transnet in Legal Proceedings Against Nedbank for State Capture-Era Financial Transactions
Daily Maverick
The Special Investigating Unit and Transnet believe that interest rate swap transactions, which took place in 2015 and 2016, resulted in Nedbank generating profits in 'excess' of… Read more »
Nigeria: FG's New Tax Policy On Banks Will Boost National Revenue, Say CITN, Anan
This Day
The Chartered Institute of Taxation of Nigeria (CITN) and the Association of National Accountants of Nigeria (ANAN) have applauded the federal government for its recent decision to… Read more »
July 25
Nigeria: 58m Nigerians Use Banking Channels to Manage Finances - Report
Daily Trust
About 58.3 million Nigerians now utilise banking channels or services to manage their finances. Read more »
Uganda: Absa Moves to Enhance Digitally Powered Financial Solutions
Nile Post
Absa Group is extending pivotal partnerships in the digital space to offer clients continued Read more »
Ethiopia: Awash Bank Reports 11.6 Bln Birr Profit
Ethiopian Herald
Collects 1.5 bln USD Read more »
Nigeria: Access Bank Revamps Quickbucks, Disburses N740bn Digital Loans in 7yrs
Vanguard
Access Bank Plc said it has advanced a total of 18 million loans valued at N740 billion in the last seven years following the launch of its first digital loan in 2017. Read more »
Nigeria: Court Order Bank to Pay Company N75m for Breach of Agreement
Vanguard
Justice Olumuyiwa Martins of a Lagos High Court has awarded N75 million damages against an old generation bank, over a breach of the non-disclosure and non-circumvention agreement… Read more »
Nigeria: 18th Housing Show - Fmbn, Operators Partner to Bridge Funding Gaps
Daily Trust
The Federal Mortgage Bank of Nigeria (FMBN) and operators in the housing sector say they will strengthen partnerships in identifying areas of collaboration to bridge funding gaps… Read more »
July 24
Nigeria: Experts Applaud As CBN Raises Interest Rate to 26.75 Percent
Leadership
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), yesterday raised its interest rate to 26.75 per cent, a 50 basis point increase aimed at combating soaring… Read more »
Nigeria: NAICOM Affirms Insurance Sector's Commitment to Grow $1trn Economy
Leadership
The National Insurance Commission (NAICOM) on Tuesday affirmed its commitment to align the insurance sector with President Bola Tinubu's economic reforms Read more »
Nigeria: Driving Insurance Sector With Technology
This Day
Ebere Nwoji writes on how the National Insurance Commission is making effort to position insurance as a technology -driven sector Read more »