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Bank & Finance

Apr 27, 2017
Nigerian President Muhammadu Buhari speaks during his meeting with U.S. President Barack Obama at the United Nations General Assembly September 20, 2016. REUTERS/Kevin Lamarque Nigerian President Muhammadu Buhari is seeking…
Apr 25, 2017
Zambia and Ghana join index family bringing transparency to the most liquid African bond markets The African Development Bank (AfDB) through the African Financial Markets Initiative (AFMI) launched its AfDB/AFMISM…
Apr 25, 2017
It doesn't matter how much sense it makes to ordinary Zimbabweans: Zimbabwe will not formally adopt the rand, the central bank governor says. John Mangudya has told the state-controlled Sunday…
Apr 24, 2017
Nigeria’s central bank will let the market determine the naira’s rate in a new foreign-exchange window for portfolio investors as the nation struggles to revive its economy amid a dollar…
Apr 13, 2017
The World Bank cut Kenya's economic growth forecast for this year by half a percentage point on Wednesday to 5.5 percent, citing drought, sluggish private sector credit growth and rising…
Mar 31, 2017
A renowned international economist Dr. Ernest Yedu Addison has been appointed by the President Nana Addo Dankwa Akufo-Addo as the governor of the Bank of Ghana. He becomes the 15th…
Mar 30, 2017
Nigeria plans to sell 234.89 billion naira ($765.99 million) of short-dated treasury bills at an auction on April 6, the central bank said on Wednesday. The bank said it plans…
Mar 30, 2017
Zenith Bank Ghana posted a pre-tax profit of GH¢202.6 million in 2016, the highest on record for the Bank. It also represents an increase of 76% over 2015 pre-tax income…
Mar 29, 2017
Stanbic Bank Uganda's 2016 pretax profit rose 24.9 percent, helped by business diversification that spurred a increase in non-interest revenue, the east African nation's largest lender by assets said on…
Mar 27, 2017
Kuwait has signed a $20 million loan agreement with Zimbabwe to finance the development of irrigation infrastructure at Zhove Dam in Matabeleland South. The loan has an interest rate of…
Mar 21, 2017
Ecobank Ghana has unveiled a new service dubbed ‘Masterpass QR’ in partnership with MasterCard to undertake secure digital payment via the mobile phone. The Ecobank's Masterpass QR seeks to integrate…
Mar 17, 2017
The Chairman of United Bank for Africa (UBA), Tony O. Elemelu, has said that the only way Africa can develop is for its governments to create the right economic environment…
Mar 14, 2017
Zimbabwe’s mining companies say local banks are delaying processing of foreign payments by three months as the country battles a shortage of dollars, which could threaten production. Mining accounts for…
Mar 14, 2017
In its maiden edition marking International Women’s Day and coinciding with the 2nd year anniversary of Access Bank’s award winning “W” initiative, the National Women Summit has been applauded by…
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