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Bank & Finance

Dec 16, 2016
Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has this week signed a MoU with Moroccan bank Banque Centrale Populaire (BCP) to increase collaboration…
Dec 16, 2016
Zimbabwe introduced its new currency on Monday to mixed market reaction — broad acceptance by major retailers, informal traders and public transport operators — but without the crucial buy-in of…
Oct 11, 2016
Seven Nigerian banks are undercapitalised to the tune of N1trillion ($3.2billion), according to a stress test conducted by Arqaam Capital, a Dubai-based international investment bank. According to the report, two…
Sep 29, 2016
The demand to do business in Africa has led to a partnership between two big players in the digital online payment space. East African online payment processor, Direct Pay Online…
Sep 28, 2016
CHALLENGE: According to a 2015 KPMG report, banking penetration is as low as 36% in some of the larger African economies. SOLUTION: Digital Transformation can drive adoption of banking services…
Sep 27, 2016
Akinwumi Adesina, the President of the African development Bank, who is on a three day visit to Nigeria, said he would go to the pan-African lender's board next month to…
Sep 16, 2016
Zimbabwe will introduce bond notes, a token currency which will circulate within a basket of multiple currencies, at the end of October with $75 million worth of the notes expected…
Sep 14, 2016
A South African bank that provided President Jacob Zuma with a mortgage to settle a Constitutional Court order to repay taxpayers the money spent upgrading his private residence said it…
Sep 12, 2016
STANDARD Bank is gearing up to commence banking operations in Ivory Coast after it secured a banking license. Trading as Stanbic Bank, the Group opened a Representative Office in December…
Sep 10, 2016
Togo-owned Ecobank is set to reap from the decades-long property boom in Kenya from the sale of its office tower in downtown Nairobi. Ecobank Tower Nairobi Disposal of the 19-floor…
Sep 08, 2016
The Republic of Ghana has announced guidance of 9.5% area (+/-12.5bp) on a US dollar bond that will mature in 2022, according to a lead. John Dramani Mahama, President of…
Sep 05, 2016
There is an urgent need to build some sort of a national m-payments infrastructure where telecoms, banks, content providers and other institutions who want to enable mobile payments for their…
Aug 31, 2016
Central Bank of Nigeria CBN has issued license to 11 new International Money Transfer Operators (IMTOs). This was disclosed in a statement released by the apex bank’s Acting Director, Corporate…
Aug 31, 2016
This blog shares some key learning points that may contribute to a broader Illicit Financial Flows agenda (IFFs) for civil society from the High Level Panel on Illicit Financial Flows…

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