South Africa's MTN and Nigeria's Central Bank have been locked in a dispute over the company's transfer of funds, which the bank said was sent abroad in breach of foreign exchange ... Read more »

Following the announcement of Access Bank Plc's acquisition of Diamond Bank Plc, investors have swooped on the shares of both banks on the stock market, causing a surge in the ... Read more »

Tax evasion and unlicensed traders are some of the reasons for the shutdown in November by President John Magufuli. This as the country's Reserve Bank Governor Florens Luoga ... Read more »

Kenyan mobile operator Safaricom is being investigated for a weekend outage of its M-Pesa service, which  left millions of customers unable to receive or send money for most ... Read more »

President John Magufuli's administration has decided to look to China for funds for infrastructure projects, after various western donors, including the World Bank, accused the ... Read more »

The doctors' strike comes on top of worsening foreign currency, fuel and medicine shortages in the country, as well as ever-rising prices of basic goods, which is making life more ... Read more »

President Yoweri Museveni has rejected attempts by cabinet to stop the parliamentary probe into operations at the Bank of Uganda. He said the bank's officials "lied" to him about ... Read more »

The bank has placed a moratorium on licensing of forex bureaus on suspicion of money laundering and other illegal transactions. The bank's governor Florens Luoga has said that ... Read more »

Finance Minister Ahmed Shide noted the importance of the loan to enhance access to women-owned small and micro enterprises. Read more »

The government has set aside U.S.$53 million to compensate white farmers affected during the Land Reform Programme - but the Commercial Farmers Union says the money is not enough ... Read more »