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Bank & Finance

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.…
Dec 10, 2015
African Bank Investments Ltd.’s lending unit, which collapsed last year, said it is in “advanced” talks with MMI Holdings Ltd.’s Guardrisk business to form an insurance joint venture that will…
Dec 04, 2015
Barclays Africa Group, the Johannesburg-based lender controlled by Barclays, said talks to buy Egyptian and Zimbabwean operations from the parent ended after they couldn’t agree on price. The two sides…
Nov 30, 2015
The Overseas Private Investment Corporation, the U.S. Government's development finance institution, and IFC, a member of the World Bank Group, last week signed financing agreements for the 53 megawatt Cap…
Nov 24, 2015
Chief Executive Officer (CEO) of Vodafone Ghana, Haris Broumidis, has projected that the 26% Internet penetration for Africa and 103 million Africans active on social media as of January 2015…
Nov 16, 2015
The African Development Bank (AfDB) reiterating its commitment to supporting efforts seeking to address the continent's infrastructure needs. Moono Mupotola, AfDB's director for NEPAD, Regional Integration and Trade, said implementation…
Nov 09, 2015
Ecobank Nigeria and Deutsche Bank have signed Memorandum of Understanding (MoU) to expand trade finance relationship. Under the arrangement, Deutsche Bank will provide export credit guarantee programs GSM-102 to Ecobank…
Nov 06, 2015
The Federal High Court in Lagos on Wednesday restrained the Financial Reporting Council of Nigeria (FRCN) from interfering with the operations of Stanbic IBTC Holdings (SIBTCH), Plc. Also, the Standard…
Jun 03, 2015
Zambian Treasury bills are among the best deals in Africa, according to Standard Bank Group That’s if you accept the government’s pledge not to overspend in the run- up to…
May 19, 2015
The Barclays Africa board fended off a mild onslaught from shareholders on recent performance, executive remuneration and CEO Maria Ramos’s time commitments. Shareholder activist Theo Botha led the onslaught. It…
May 13, 2015
Biometric technology is fast becoming the preferred choice of authenticating the identity of an individual. Globally, biometric technology is gradually replacing traditional passwords and PIN-based access in mobile banking and…

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