Banking, Finance & Investment

Beijing’s loans to Sudan at risk as Chinese lenders hit by series of defaults across continent The conflict in Sudan has dealt a fresh blow to China’s strategy of financial …

Zenith Bank Plc has reported a 169 percent growth in profit before tax to N350.4 billion in the first half of 2023 from N130 billion in the same period of 2022. …

Morocco is set to invest €50 million to establish a plant to produce local car brands. The factory will be made with a 100% Moroccan investment, Morocco’s Minister of Trade …

The President, Major General Muhammadu Buhari (retd.), on Thursday, said his government had spent over $400m (N179bn), to liberate Ajaokuta Steel complex from the “legal traps” that have kept it …

Norwegian start-up Wakandi has secured a regulatory licence from the Central Bank of Kenya (CBK) to provide digital payment services. The payment service provider (PSP) license will enable the firm …

Shoprite CEO Pieter Engelbrecht sold R20 million in the company’s shares in the week before Christmas. According to a statement released by the group on Wednesday, the sale is part …

Remittances from Morocco’s diaspora are set to reach MAD 105.8 billion ($10.1 billion) in the year 2022. New data from Morocco’s central bank, Bank Al-Maghrib predict that Moroccan remittances will …

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has again written to the House of Representatives, informing it of his unavailability to brief them on the new …

Zenith has reported gross profit of £36.7 million – a 5.8% increase in the last quarter – with profit growth across all divisions, a growing fleet size and increased rental …

The National Pension Commission (PenCom) says it has approved the acquisition of Access Pension Custodian Limited by First Pension Custodian Limited. FBN Holdings Plc, has through its subsidiary First Pension Custodian …