Banking

The Government of Rwanda has created a national oversight committee to guide the process of merging the Business Development Fund (BDF) into the Development Bank of Rwanda (BRD). The Ministry …

The National Bank of Ethiopia (NBE) has approved the appointment of Ato Ngiusu Gebre Egba as the new Chief Executive Officer (CEO) of Union Bank. In an unusually quick move, …

National Bank of Malawi plc (NBM plc) has reaffirmed its role in supporting Malawi’s economic growth by providing a K10 million sponsorship for the Annual Bankers Association of Malawi (BAM) …

Standard Bank Group, Africa’s biggest bank by assets, has confirmed that its Chief Executive Officer, Sim Tshabalala, and Chief Financial Officer, Arno Daehnke, will step down from their roles by …

Stanbic IBTC Bank has received top honours at the Cosmopolitan The Daily Business Awards, securing two prestigious titles — Best Cash Management Bank in Nigeria and Best Trade Finance Bank …

The Reserve Bank of Zimbabwe (RBZ) says it is confident the country will be ready to fully move from its current multicurrency system to using only the local currency by …

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) and Banque du Caire have signed two major agreements worth a combined EGP 500 million to support micro-enterprises across Egypt. The …

The Reserve Bank of Zimbabwe (RBZ) says the country will move away from the current multi-currency system to a full local currency by 2030, assuring businesses and the public that …

The Central Bank of Libya (CBL) has announced fresh regulations for depositing foreign currency cash into bank accounts, a move the authorities say is aimed at improving transparency, strengthening financial …

The Nigerian naira ended last week with a mixed performance in the foreign exchange market, as it recorded marginal gains at the official window but slipped in the parallel market. …