Banking, finance and investment news across Africa: bank results, monetary policy, capital markets, fund flows and investment deals.
In the first quarter of 2021, the inflow of US dollar from other African countries into Kenya dropped to 65.9 percent placing Tanzania over South Africa as the biggest source …
The Naira made up for lost time against the United States Dollar at the parallel market segment of the foreign exchange on Thursday, April 22. At the unregulated market, Naira …
The Nigeria stock market performance slightly appreciated by 0.01 per cent on Thursday as the recent report has discouraged investors. On Wednesday, GTBank released its first-quarter earnings, though the not …
In the first quarter of 2021 Guaranty Trust Bank (GTBank) Plc recorded a profit after tax of N45.6 billion, which was less than N50.1 billion recorded in the same period …
The Central Bank of Nigeria (CBN) said it will penalise banks and foreign exchange (forex) dealers who reject old and lower denominations of the dollar notes. This was based on …
Access Bank has announced that it had entered into a definitive agreement with ABC Holdings Limited to acquire 78.15 per cent shareholding in the African Banking Corporation of Botswana Limited …
Absa Bank Kenya has launched the Absa Asset Management Limited (AAML), a subsidiary of the bank that will offer fund and wealth management solutions for its customers. The announcement comes …
TAJBank, Nigeria’s most innovative non-interest bank, has announced the deployment of the NQR Payment solution, an indigenous Quick Response Code by NIBSS, for merchants and customers as the newest addition …
Mastercard is launching an end-user application service within Pay.UK’s request to pay (R2P) framework to facilitate payments. “Mastercard’s Request to Pay solution has the ability to transform bill payments in …
Egypt’s annual consumer price inflation was at 4.8 per cent in March 2021, compared to 4.6 per cent in the corresponding month in 2020, this was according to the report …
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