Banking, finance and investment news across Africa: bank results, monetary policy, capital markets, fund flows and investment deals.
The National Bank of Ethiopia ordered banks to freeze the accounts of over 392 individuals accused of trading foreign currencies in the parallel market. Yinager Dessie (PhD), governor of the …
Mauritian bank group SBM Holdings wants to sell its Kenyan subsidiary five years after entering the market through the buyout of Fidelity Bank that has continued to struggle despite receiving …
The Insurance Supervision Directorate at the National Bank of Ethiopia (NBE) is set to become an independent insurance regulatory body separate from the central bank. It will evolve into a …
The World Bank has backed a push for countries like Kenya, which have been unable to borrow from international loan markets due to high-interest rates, to restructure their debts. The …
Access Holdings Plc, trading as Access Corporation, on Tuesday announced its planned acquisition of majority equity stake in Angola-based Finibanco S.A by Access Bank Plc. Sunday Ekwochi, Company Secretary of …
The value of Safaricom at the Nairobi bourse has dipped below the Sh1 trillion mark on foreign investors’ flight in the wake of rate hikes in the US. The telco …
Shariah-compliant First Community Bank customers are unable to withdraw their monies as the bank limits heavy drawings occasioned by panicking customers. A spot-check by Capital Business in the Bank’s branches along Wabera …
KCB Bank customers can now access financing options to purchase electric Public Service Vehicles (PSV) following a deal the bank has secured with e-mobility startup and financing company BasiGo Ltd. …
The World Bank has approved a $750 million International Development Association (IDA) credit to the Nigeria State Action on Business Enabling Reforms (SABER) Program-for-Results to help Nigeria accelerate the implementation …
Ecobank Kenya has launched a flagship program that aims to empower and support women-led businesses. Dubbed ‘Ellevate’, the program is designed for businesses owned by women, businesses managed by women, …
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