Banking, Finance & Investment

The new administration has announced plans to reform the credit information sharing system in a bid to lower the cost of loans for micro and small businesses. President William Ruto …

Equity Bank will inherit over 20,000 depositors and 3,700 loan customers in the teachers-owned Spire Bank by November after signing a buyout deal that will see Mwalimu Sacco pay Sh1.7 …

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced that a new Chief Executive Officer, Jeremy Awori will succeed Ade Ayeyemi upon his retirement at age …

The African Development Bank(AFDB)  has named five women including South Africa’s Nomfundo Xenia Ngwenya as executive directors for a three-year term. In total, 12 executive directors were appointed, according to …

Malika Dhif, former deputy director at Morocco’s Directorate of Treasury and External Finance, has been appointed as the new executive director for Morocco, Togo, and Tunisia at the African Development …

Equity Bank has concluded negotiations to buy Spire Bank, setting the stage for the signing of a deal that is expected to get the teachers-owned bank out of a financial …

South Africa’s Competition Commission approved Heineken’s purchase of wine and cider company Distell Group in South Africa as long as the merged entity invests more than R10 billion over five years …

 The Nairobi Securities Exchange (NSE) has extended the waiver of its fees on equity day trades to December 31. The extension is aimed at boosting market activity and creating an …

Africa is about to get its first listing of a medical cannabis-focused SPAC, or special purpose acquisition company, when Cilo Cybin Holdings raises money in Johannesburg later this year. The …

Fidelity Bank is on the verge of sourcing new capital allowing for issuance of over 3 billion shares, the tier 1-aspiring lender said Wednesday, a move that could further expansion plans …