Bank & Finance

May 03, 2018
The World Bank said on Thursday it had given Kenya a $1 billion concessional loan for energy, transport and water infrastructure projects in poorer regions in its north and northeast.…
Apr 26, 2018
Insurance Regulatory Authority (IRA) has granted United Bank of Africa (UBA) a license to start Bancassurance. UBA becomes the 10th Bank to be granted license to operate Bancassurance which IRA’s…
Apr 24, 2018
The growth in mobile money services has created new opportunities for merchants to sell their products and services. One of these is the fast-growing sports betting sector which has taken…
Apr 09, 2018
Barclays Africa Group Ltd., South Africa’s third-biggest bank, will split into four operating units as the lender outlines its growth strategy after the sale by its U.K. parent. The Johannesburg-based…
Apr 02, 2018
Nigeria’s foreign exchange reserves stood at $46.2 billion as of March 28, up 8.8 percent from a month earlier, central bank data showed on Saturday. Successful debt sales, including a…
Mar 18, 2018
Barclays Kenya launched an app on Friday to allow customers to borrow up to 150,000 shillings ($1,484) for 30 days using their phones.Barclays, a unit of South Africa’s Barclays Africa…
Mar 16, 2018
Caps on commercial interest rates in Kenya are unsustainable and the government plans to modify them without driving up lending rates, Finance Minister Henry Rotich said on Friday. Kenya introduced…
Mar 15, 2018
South Africa’s rand was weaker on early on Thursday, giving up the previous session’s modest gains as investors opted to pocket small profits as trade war noises continued and short-term…
Mar 12, 2018
South African small lender VBS Mutual Bank has been placed under curatorship because of liquidity issues, Reserve Bank Governor Lesetja Kganyago told a televised news conference on Sunday. Curatorship means…
Mar 07, 2018
South African rand edged lower early on Wednesday as investors dumped risky assets for safer investments after a key advocate for free trade in the White House resigned, fanning fears…
Mar 01, 2018
Barclays Africa Group, South Africa’s No.2 lender by market value, reported a 4 percent rise in annual profit on Thursday, thanks to a substantial decline in impairments. Normalised diluted headline…
Feb 27, 2018
South Africa’s incoming Finance Minister Nhlanhla Nene said on Tuesday that the budget tabled last week by outgoing minister Malusi Gigaba, which featured the first VAT hike in over two…
Feb 17, 2018
A South African court on Friday threw out the findings of a public anti-graft watchdog that Barclays Africa unduly benefited from an apartheid-era bailout of another bank and should repay.JOHANNESBURG…
Feb 17, 2018
Fintech start-ups in the continent are channelling their focus on catering to the financially excluded Africans who do not qualify for traditional financial services. The World Bank has set an…

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