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Bank & Finance

Feb 29, 2016
Does this mean if you own an account with one of Africa’s largest banks Barclays, then perhaps it is time to slowly withdraw your funds and transfer your savings to…
Feb 27, 2016
The African Development Bank Group (AfDB) will support Tanzania's economic transformation to inclusive and green growth with an indicative concessional resource assistance package estimated at over US $1.1 billion over…
Feb 25, 2016
Global ratings agency Moody’s has given Kenyan lenders a clean bill of financial health, just after two banks went under receivership. The study which assessed the overall stability of Kenya’s…
Feb 23, 2016
The African Export-Import Bank (Afreximbank) and the Central Bank of Egypt (CBE) have signed an agreement for a $500-million facility to help Egyptian importers alleviate temporary foreign currency availability constraints…
Feb 19, 2016
Nigeria’s Securities and Exchange Commission (SEC) and the Debt Management Office (DMO) have inaugurated a committee for the nation’s first sovereign “Sukuk”. Sukuk is an Islamic financial certificate, similar to…
Feb 17, 2016
Barclays Plc’s board will debate the future of its Africa business at meetings starting on Wednesday in London, with options including a sale of the entire stake, according to two…
Feb 16, 2016
Controversial Malawian Prophet currently based in South Africa, Shepherd Bushiri has said his bank and mobile service company will be opened in March this year. Shepherd Bushiri Bushiri disclosed this…
Feb 13, 2016
Record government spending and having to borrow to fund almost half of it spells trouble for investors in the bonds of Africa’s biggest oil producer. Nigeria’s naira debt has lost…
Feb 11, 2016
Investec Plc has the potential to make the best returns among South Africa’s largest banks after selling some assets in Australia and the U.K. and strengthening its wealth and investment…
Feb 10, 2016
Money transfer service WorldRemit has raised $45m in financing from TriplePoint Venture Growth BDC Corp. and Silicon Valley Bank. Pioneering a mobile-first approach to remittances, WorldRemit will use the funds…
Feb 07, 2016
MoneyGram has announced the extension of its more-than 17-year relationship with Walmart. All MoneyGram services to continue at more than 4,000 Walmart locations This new three-year agreement, which begins on…
Feb 05, 2016
The Monetary Policy Committee of the Gambian Central Bank, Thursday released a report on the country’s economic status in current and evolving macroeconomic and financial developments in the global and…
Feb 04, 2016
Zimbabwe and the World Bank have stepped up efforts to hammer out a financing programme, which could see the southern African country accessing funding from the institution should a debt…
Feb 03, 2016
The International Monetary Fund (IMF) said on Tuesday it stands ready to help sub-Saharan Africa's oil exporters cope with plunging crude prices and growing fiscal pressures, but has not received…

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