Banking, finance and investment news across Africa: bank results, monetary policy, capital markets, fund flows and investment deals.
Airtel Africa Plc has announced that its payment service bank subsidiary, SmartCash has commenced operations in Nigeria. This was disclosed in a statement signed by the company’s secretary, Simon O’Hara …
The World Bank has said it is set to disburse a total of $30bn to fund existing and new projects in Nigeria and other countries as part of a global …
FBN Holdings Plc, through its subsidiary First Pension Custodian Limited, agreed with Access Bank Plc to buy out the latter’s pension subsidiary Access Pension Fund Custodian in a deal involving …
Ethiopia and the World Bank have signed a pact for a grant of $300 million to assist reconstruction and recovery in conflict-hit areas, the finance ministry said. Fighting that erupted …
According to the Central Bank of Nigeria‘s data, The debt owed to Nigerian banks by operators in the power sector rose by 12.83 per cent in one year to N861.14bn …
Although Southern Africa’s overall share of market capitalization is down in this year’s survey, regional firms still account for 133 of Africa’s Top 250 Companies up from 120 last year. …
Cititrust Holdings Plc has announced its strategic decision to divest its 100 per cent holdings in Cititrust Financial Services Plc Nigeria. The company announced this in a statement on Tuesday …
Nigeria spent N1.47trillion on debt servicing payments in the first half of 2021, data obtained from the Debt Management Office have shown. In the first quarter of the year, the …
Contact financial crimes such as banking-related robberies fell 24% in 2020 given the movement restrictions and visible policing linked to Covid-19 lockdowns. This is revealed in the latest annual crimes …
Ghana’s central bank on Monday kept its main interest rate unchanged at 13.5% with concerns over rising inflation balanced out by optimistic Covid-19 recovery forecasts, Governor Ernest Addison said in …
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