Banking, Finance & Investment

Wealthy investors and financiers like banks and pension schemes are putting pressure on the Central Bank of Kenya (CBK) to increase the cost of government borrowing as global hikes in …

Capitec, South Africa’s largest retail bank by customers, has launched its own mobile virtual network operator (MVNO) service, called Capitec Connect, following in the footsteps of other local banks expanding …

Sterling Bank PLC has announced it will take a new name after receiving shareholders’ approval to convert from a core banking business to a holding company. The leadership of the Bank …

The African Development Bank (AfDB), Islamic Development Bank (IsDB), and the French Development Agency (FDA), have disclosed plans to invest $618 million in the Digital and Creative Enterprises Programme (I-DICE) …

Egypt’s central bank (CBE) has on Thursday kept its key interest rates unchanged for the third time in a row. The central bank’s Monetary Policy Committee (MPC) has maintained its …

The African Development Bank has suggested a plan to South Africa that will help the nation use the $8.5 billion in climate financing pledged by some of the world’s richest …

The Commonwealth Enterprise & Investment Council (CWEIC), which is the official Commonwealth’s business network, has appointed Nigeria’s Dozy Mmobuosi as a member of its Global Advisor Council. Mmobuosi’s appointment, which was announced by the …

Ghana and Finland have signed a framework agreement on projects to be funded under Finland’s Public Sector Investment Facility (PIF) Scheme. The agreement was signed on Monday on the margins …

The SA Reserve Bank on Thursday raised its main lending rate by 75 basis points to 6.25%, for the second meeting in a row. Three members of the monetary policy …

KCB Group Plc shareholders have approved the proposed acquisition of DRC-based lender Trust Merchant Bank SA (TMB), with the transaction expected to close before the end of the year, subject to …