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Bank & Finance

Jan 24, 2016
A snap survey by the Zimbabwe Independent has found that there is a biting cash shortage which has forced banks to lower their daily automated teller machine (ATM) withdrawal limits…
Jan 23, 2016
Barclays Bank of Kenya subsidiary, Barclays Financial Services limited Wednesday commenced trading on the Nairobi Securities Exchange, (NSE) following what it termed as “extensive system testing and integration,” since its…
Jan 20, 2016
WorldRemit, the global money transfer app, has introduced instant transfers to Nigeria. In addition to its same-day bank transfer service, WorldRemit now allows people to send money to more than…
Jan 19, 2016
The total value of transactions recorded on the e-zwich platform last year reached GHc922.3million ($240m), a more than 238 percent increment on the 2014 transaction value of GHc272.7million the Ghana…
Jan 14, 2016
Standard Bank Group Ltd. joint Chief Executive Officer Sim Tshabalala warned that persistent racial inequality and racism were a risk to South Africa’s stability and, ultimately, its economic growth. The…
Jan 14, 2016
The Deputy Governor of the Bank of Ghana, Millison Narh, says the West Africa Monetary Agency (WAMA) must double its efforts to achieve a single currency for the sub-region, after…
Jan 13, 2016
UK telecommunications company Vodafone has launched M-Pesa services in Ghana —completing the spread of mobile money in all African countries where the British firm has a presence. Vodafone has in…
Jan 12, 2016
The Central Bank of Nigeria has lifted a ban stopping commercial banks from accepting cash deposits of foreign exchange from customers. The CBN governor, Godwin Emefiele, who announced the decision…
Jan 07, 2016
The Reserve Bank of Zimbabwe’s decision to officially include the Chinese yuan as a reserve currency could improve liquidity in the country, a South African based research firm has said,…
Jan 05, 2016
In a day in which the penny dropped on racism in South Africa with the Penny Sparrow “monkey” scandal gripping the country, Standard Bank dropped another bomb to announce the…
Dec 28, 2015
Zimbabwe plans to adopt the Chinese yuan as legal tender in return for debt cancellation worth about $40m - a move one economist predicted "has no future at all". President…
Dec 16, 2015
Zimbabwe banks need to adapt to the country’s changing economic landscape or risk losing out to mobile money operators as the economy continues to informalise, according to a United Nations…
Dec 14, 2015
The President of African Development Bank (AfDB), Akinwumi Adesina, says African countries need $100 billion annually to close infrastructure financing gap. Mr. Adesina disclosed this in an interview with the…
Dec 13, 2015
The New York son of Somali singer and politician Saado Ali Warsame is suing the US arm of a money-transfer business, claiming it helped fund the assassination of his mother.…

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