Sudan Extends Currency Replacement Deadline Amid Protests
Dabanga
Sudan's Supreme Committee for Currency Replacement has extended the deadline for exchanging old banknotes by one week, now ending on December 30. Khaled Aleiser, Minister of… Read more »
CBN - Restoring Economic Confidence Through Monetary Policies
Leadership
The Central Bank of Nigeria (CBN) has been at the forefront of bold economic reforms recently, especially in 2024, signaling a renewed commitment to stabilising the nation's… Read more »
Japanese Bank Criticized for Financing Mozambique LNG Project Blamed for Displacement
IPS
Climate and environmental activists from Japan have criticized the Japan Bank for International Cooperation (JBIC) for financing the controversial Mozambique Liquefied Natural Gas… Read more »
World Bank's $700 Million Loan Targets CBE Restructuring, Financial Overhaul of Nbe and Dbe
Addis Standard
The World Bank has approved a $700 million loan to strengthen the stability of Ethiopia's financial sector, with a particular focus on supporting balance sheet restructuring and… Read more »
Why CBN Set N100,000 Daily Withdrawal Limit On Pos Terminals
Vanguard
The Central Bank of Nigeria, CBN, has explained the introduction of a N100,000 daily withdrawal limit on point-of-sales, PoS, terminals as part of efforts to promote a cashless… Read more »
IRA Launches 2024 Annual Insurance Innovation Awards
Independent (Kampala)
The Insurance Regulatory Authority of Uganda (IRA) has officially launched the 2024 Annual Insurance Innovation Awards (AIIA). Read more »
Foreign Banks Entry Marks Vital Economic Shift - Expert
Ethiopian Herald
Ethiopia's decision to allow foreign banks to operate in the country for the first time in 50plus years is a big step and marks a significant shift in its economic policy, so said… Read more »
#thelaundry - Sasfin Bank's Snake Pit
Daily Maverick
Sasfin's experience shows how damaging 'rogue' bankers can be and demonstrates that the line between formal and underground financial systems is often merely hypothetical. Read more »
Parliament Approves Banking Proclamation, Allowing Foreign Banks to Enter Ethiopia's Financial Sector
Addis Standard
After years of anticipation, lawmakers have approved the long-awaited banking business proclamation, paving the way for foreign banks to enter Ethiopia's financial sector. Read more »
Macro Economic Challenges Thrust 12 Banks' Operating Expenses to N5.18tn
This Day
Following macro economic challenges in Nigeria and across the globe, which impacted on companies' performance, a total of 12 banks quoted on the Nigerian Exchange Limited (NGX)… Read more »
Stanbic Bank Appoints Mumba Kalifungwa As New CEO
Independent (Kampala)
Stanbic Bank Uganda has named Mumba Kenneth Kalifungwa as its new Chief Executive Officer, effective March 1, 2025, following regulatory approvals. Mumba, who succeeds Anne Juuko,… Read more »
Can Kabambe Be With Trusted After RBM Scandal That Saw Malawians Losing Trillions Under His Watch?
Nyasa Times
The Deloitte forensic audit of the Reserve Bank of Malawi (RBM) during Dalitso Kabambe's tenure as governor has unearthed disturbing evidence of financial mismanagement,… Read more »
UBA to Expand SMEs Lending, Invest in Digital Technology With N239.4bn Rights Issue
This Day
United Bank for Africa (UBA) Plc has said it will utilise the net proceeds of its ongoing N239.4 billion rights issue to invest in additional digital technologies and business… Read more »
Central Bank of Liberia Locks Down, Hightens Security
Liberian Investigator
With Monrovia on edge after the Capitol fire and political turmoil boiling over, the Central Bank of Liberia (CBL) has ramped up security, locking down its headquarters and… Read more »
Private Sector Optimism Soars As Stanbic Pmi Hits 55.7
Independent (Kampala)
Uganda's private sector remains resilient with the Stanbic Purchasing Managers' Index (PMI) for November climbing to 55.7, up from 52.9 in October. This marks the eighth… Read more »
