Banking, Finance & Investment

 Morocco’s automotive exports reached MAD 59.6 billion ($5.6 billion) at the end of July 2022, an increase of 31.6% compared to a year earlier. This growth, according to a new …

Kenya plans to sign an agreement with China to end double taxation of income or gains arising from one country and paid to residents of the other. The deal, which …

The Tel Aviv Stock Exchange will host a Moroccan-Israeli conference to discuss investment opportunities in Morocco on September 5. Described by the organizing law firm Firon-UGGC as the first of …

 Barclays, a British multinational universal bank has sold its entire remaining 7.4% holding in South African lender Absa, completing its exit from the continent after more than 90 years. Barclays announced …

One in every three shillings spent by consumers, businesses, and the government in Kenya in the first six months of the year moved through mobile money, cementing the country’s position …

On Tuesday, Fidelity bank was backed by the United states’ Global X Management announcing a binding agreement for full acquisition of Union Bank Uk, reported for the period from January …

The National Bank of Ethiopia (NBE) is deliberating on taking bankers’ non-performing loans (NPL) in Tigray off the banks’ balance sheets. The bank is working with the Ethiopian Bankers Association …

Britam Holdings has posted a net profit of Sh667.5million for the half-year period ending June 30, a 77 per cent jump from Sh376 million posted in a similar period last …

A Kenyan High Court has frozen an additional sum of $3.3 million (Sh400.6 million) belonging to Nigeria’s fintech Unicorn Flutterwave over allegations of money laundering and card fraud. This comes …

Kenya Power has locked out banks and third-party vendors from selling tokens for pre-paid customers over increasing complaints on delays and cases of billing fraud. The State-owned power utility on Tuesday …