June 03, 2022
Africa: Standard Bank Still Considering Financing the EACOP Pipeline #AfricaClimateCrisis
Climate activists have demanded answers from Standard Bank for its involvement and continued support for oil and gas projects on the African continent, even as the worst effects of… Read more »
March 19, 2022
South Africa: Credit Bureau TransUnion Hacked
TransUnion has confirmed that a criminal third-party obtained access to its South African server through misuse of an authorised client's credentials. Read more »
December 06, 2021
Congo-Kinshasa: "Today, We Are At the Door of Economic Liberation" - Vera Songwe, Executive Secretary of the Economic Commission for Africa (ECA)
The DRC-Africa Business Forum 2021, which was held on November 24 and 25 in Kinshasa, has come to a close. The process of manufacturing a regional electric battery industry from… Read more »
November 25, 2021
Africa: Commitments Signed to Build an Electric Battery Industry in the DRC
The DRC-Africa Business Forum 2021 kicked off with a bang on Wednesday, November 24 in the Congolese capital. A series of firm commitments have been signed for the development of a… Read more »
July 14, 2021
West Africa: Factoring Offers an Alternative to Financing for SMEs - Central Bank of West African States
Factoring, which is a financial management technique allowing a company to liquidate its receivables and recover cash, can be an alternative and complementary solution to… Read more »
October 15, 2020
Africa: Stripe Acquisition of Paystack Could Spur More Tech Deals
The fast-growing San Francisco-based payment processing company Stripe is buying Nigeria's Paystack, a leading African fintech firm, in an acquisition that signals growing interest… Read more »
June 01, 2020
Africa: First U.S. Representative to African Development Bank Supports AfDB President Adesina
An open letter to United States Secretary of the Treasury Steven Mnuchin from Ambassador Harold E. Doley, Jr. Read more »
December 20, 2019
Africa: Why Banks Must See African Women Entrepreneurs As Game Changers - Angelique Kidjo
AllAfrica's Juanita Williams spoke with musician and activist Angelique Kidjo about her latest role in an African Development Bank and G7 collaboration, Affirmative Finance Action… Read more »
November 20, 2019
South Africa: Disputed Funeral Claim - Family Bring Corpse to Insurer's Office
A South African family brought a corpse to the office of insurer Old Mutual, eNCA reports. Read more »
October 09, 2019
South Africa: A Stay In or Out of Jail for Old Mutual Directors?
Old Mutual has pleaded with the South Gauteng High Court, saying the potential imprisonment of board members - if they are found guilty of contempt of court for not allowing ousted… Read more »
September 26, 2019
South Africa: Labour Court Halts Banking Sector Strike
The Labour Court has interdicted a planned strike by workers in the banking sector, Business Day reports. Reasons for granting the interdict would be made clear in due course,… Read more »
August 19, 2019
South Africa: Debt Relief Law a Cause for Concern for South Africa's Banks?
President Cyril Ramaphosa has signed the National Credit Amendment Bill into law. The law, also referred to as the "Debt Relief Law", will afford low-income workers and… Read more »
August 08, 2019
South Africa: How More Women in Agriculture Will Ensure Food Security, Tackle Land Reform
Addressing gender disparities in the agricultural sector is a prerequisite to increasing women and youth participation in the sector, creating much-needed employment opportunities… Read more »
July 31, 2019
Africa: Old Mutual's Peter Moyo Wins First Round, But What Reception Will He Get?
Old Mutual's Peter Moyo returned to work today after a South-Gauteng High Court ruling temporarily reinstated him as CEO, after his suspension and subsequent dismissal by his… Read more »
July 03, 2019
South Africa: Ex Old Mutual CEO Accuses Chair Trevor Manuel of 'Triple Conflict'
Fired Old Mutual CEO Peter Moyo has filed papers in the South Gauteng High Court against his former employer who first suspended, then dismissed him on June 18, 2019. He is also… Read more »
February 14, 2019
South Africa: Banks That Manipulate the Rand - Are Millions in Fines a Deterrent?
British multinational banking and financial services company, Standard Chartered has pleaded guilty to manipulating currencies, including the rand, between 2007 and… Read more »
January 31, 2019
South Africa: South Africa's Top Woman CEO Retires - Where Will Ramos Go Now?
The retirement announcement of Absa Group CEO Maria Ramos has sparked speculation about what could be next for "the fixer", who was part of the national treasury in 1994, and went… Read more »
November 21, 2018
Mozambique: Central Bank Governor Blames Cyber-Attack for Banking Crisis
The governor of the Mozambican central bank, Rogério Zandamela, has told parliament that a Portuguese software company, Bizfirst, carried out "cyber-attacks" on the… Read more »
November 13, 2018
South Africa: High Court Orders Liquidation of VBS Bank
The North Gauteng High Court has ordered the liquidation of VBS Mutual Bank, eNCA reports. This comes after an application by the South African Reserve Bank's Prudential Authority… Read more »
October 31, 2018
Africa: Trade Holds Key to Wealth Creation - Afreximbank's Oramah
The African Export-Import Bank (Afreximbank) is one of the long-established but lesser known continent-wide institutions. Created by African governments and private and… Read more »
September 21, 2018
South Africa: Ramaphosa Unveils $3.5 Billion Stimulus for Recession-Hit Economy
President Cyril Ramaphosa, who inherited a contracting economy from his scandal-ridden predecessor, today announced an economic stimulus and recovery plan for the country. The plan… Read more »
March 26, 2018
Angola: Former President Dos Santos' Son Charged With Fraud
José Filomeno dos Santos, the former president of the Angolan Sovereign Fund and son of former Angolan president José Eduardo dos Santos is barred from leaving the… Read more »
June 26, 2017
Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina
Dr. Akinwumi Adesina is focusing on five areas to achieve the African and global goals for a prosperous continent since becoming president of the African Development Bank… Read more »
December 06, 2016
Africa: African Voices Must Speak Up for Infrastructure Financing, Support
Lesotho is facing challenges in financing its Queen Mamohato Hospital, which costs U.S. $67 million a year to run, representing half of the country's meagre health budget. Read more »
July 19, 2016
Africa: Africa Must Use New Bank to Bridge $100 Billion Infrastructure Gap
Africa's infrastructure financing deficit, estimated to be U.S. $100 billion a year, remains persistently large. The resulting lack of investment in energy, transport and water… Read more »