United Bank for Africa Plc (UBA) has announced a $150 million (KES 20.5 billion) commitment to Kenya’s Roads Levy Securitisation Programme, a $1.35 billion initiative designed by the Kenya Roads …
Banking
-
BankingEastern AfricaEconomyInfrastructureInternational RelationsKenyaNigeriaTrade
-
BankingBusinessCapital MarketEconomyFinanceNigeria
Report Highlights FCMB’s Recapitalisation Strategy as Model for Nigerian Banks
A new report by geopolitical and economic research firm, SBM Intelligence, has praised the recapitalisation strategy of FCMB Group as one of the most effective approaches among Nigeria’s Tier-2 banks. …
-
BankingEconomyINVESTMENTManufacturing & Consumer GoodsOil & GasStock Market
Nigerian Stock Market Rebounds with N986bn Gain as Investors Regain Confidence
The Nigerian stock market recorded a strong rebound last week as investors’ portfolio value rose by more than N986 billion within five trading sessions. The development marked the end of …
-
BankingEconomyRegional IntegrationTradeTransportation & Logisitics
Afreximbank Launches ATDC With $1bn Backing to Boost Intra-African Trade
The African Export-Import Bank (Afreximbank) has launched the African Trade and Distribution Company (ATDC) as part of fresh efforts to grow trade in raw materials, minerals and value-added goods across …
-
BankingBusinessDevelopmentEconomyFinancePolicies
Nigeria Needs 21.9% Annual Growth to Achieve $1 Trillion Economy by 2031 – Afrinvest Report
Nigeria will require a minimum annual growth rate of 21.9 percent at an exchange rate of N1,500 per dollar, or a stronger exchange rate with slower growth, to reach a …
-
BankingBusinessCorporate NewsEconomyFinanceINVESTMENT
Nigerian Banks Record N15.4tn Interest Income as Afrinvest Marks 30 Years with Sector Report
Nigerian banks posted a strong growth in interest income, hitting ₦15.4 trillion in the past year, as tighter monetary policies by the Central Bank of Nigeria (CBN) boosted earnings. This …
-
BankingBusinessEastern AfricaFinanceGovernment PolicyInfrastructure
Kenya, UBA Seal $150m Deal to Revive Stalled Road Projects
he Government of Kenya has signed a US$150 million (KSh16.38 billion) financing agreement with United Bank for Africa (UBA) as part of a landmark US$1.35 billion (KSh175 billion) programme aimed …
-
BankingBusinessEconomyFintechNigeriaTechnology
Bankit Microfinance Bank Showcases Digital Banking Innovations at GITEX Africa
Nigeria’s digital bank, Bankit Microfinance Bank, has put its name forward as one of the fast-rising players in the country’s financial technology space after presenting its innovations at the just …
-
BankingCorporate AffairsDigital TransformationFinance & ServicesInnovationMarketsSocial Media
Top 5 Nigerian Banks Dominating social media in 2025
Navigating the bustling digital sphere, Nigerian banks are in a fierce competition not just for customer deposits, but for attention and engagement. In 2025, social media is no longer a …
-
BankingDevelopmentFinanceMALAWIPrivate SectorSMEs
Malawi’s Commercial Banks Urged to Play Bigger Role in Economic Recovery
Malawi’s commercial banks are being called upon to move beyond their traditional role of lending and deposits, and to take a more active position in addressing the country’s economic challenges. …