Finance and financial services news from Africa: banks, insurers, payments, capital markets and regulators.
The expiration of Telkom’s contract to supply IT services to the South African Post Office (SAPO) could affect the provision of social grants to millions of South Africans. While reports …
OCP Africa has increased Nigeria’s fertilizer production and output with the establishment of a 120 metric tones per hour fertilizer blending plant in Kaduna State. It said the facility had …
Union Bank of Nigeria and the Africa Agriculture and Trade Investment Fund have announced that the bank has secured a $25m funding line from AATIF to expand its agricultural business …
Four South African labor unions took a step toward joining a strike over the government’s refusal to raise their pay by more than 3%. The unions, whose members include employees …
Kenya’s inflation hit a five-year high in October amid a continued increase in the cost of food, fuel, and housing. Monthly inflation data by the Kenya National Bureau of Statistics …
Three Kenyans are locked in a court battle with a woman from the Southeast Asian nation of Laos over Sh2.3 billion held in Ecobank accounts after the State withdrew a …
Foreign banks willing to join the Ethiopian banking sector independently will have to fulfill the same minimum threshold of paid up capital as local banks, officials at the National Bank …
The Moroccan dirham appreciated by 1.62% against the US dollar and depreciated by 1.04% against the euro between 20 to 26 October, according to data from the country’s central bank, …
Kenya Revenue Authority (KRA) employees face sacking and possible prosecution in a fresh corruption fight at the Times Tower aimed at rooting out rogue officials for defrauding the exchequer hundreds …
Incoming Treasury CS Njuguna Ndung’u has committed to instill sustainable reforms in his new office in a bid to stabilize the economy which has been battered by multiple shocks. Speaking …
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