Guaranty Trust Holding Company Plc (GTCO) has made a huge capital injection of ₦365.85 billion into its main subsidiary, Guaranty Trust Bank Limited (GTBank), in order to meet the Central …
Finance
-
BankingBusinessEconomyFinanceINVESTMENTRegulation
-
BankingBusinessCompetition LawFinanceRegulationSouth Africa
Tribunal Orders Toyota, WesBank to Pay R30m for Collusion
South Africa’s Competition Tribunal has confirmed settlement agreements involving WesBank, FirstRand, and subsidiaries of Toyota, over allegations of uncompetitive behaviour in the country’s vehicle financing sector. The companies will pay …
-
BankingEconomyFinanceSouthern AfricaTrade
RBM Introduces Export Proceeds Exemption for Forex Stability
The Reserve Bank of Malawi (RBM) has announced that it will exempt certain companies from the mandatory conversion of export proceeds under its newly issued repatriation of export proceeds directive. …
-
Business and EconomyFinanceInsurancePartnershipsWestern Africa
Sanlam Allianz Boss Calls for Salary Insurance
The Managing Director of Sanlam Allianz Life Insurance Ghana, Mr. Tawiah Ben-Ahmed, has called for a new approach to financial security in Ghana, stressing that workers’ salaries should be insured …
-
CryptocurrencyEconomyFinanceTechnology
Stablecoins Projected to Dominate Nigerian Business Transactions in Coming Years
Stablecoins are expected to play a leading role in Nigerian business transactions within the next one to three years, according to Zabira Technologies, a digital assets exchange platform. The company …
-
Business and EconomyFinanceGovernancePolicy & RegulationTax & RevenueTechnology
Angola Moves to Modernize Tax System with New Electronic Invoicing Decree
The Angolan Ministry of Finance has announced new rules that will guide the country’s transition to electronic invoicing in all commercial transactions. This development came with the recent publication of …
-
AfricaBusinessCryptocurrencyEconomyFinanceTechnology
Nigerian Tech Entrepreneur Danny Oyekan Launches DollarCoin to Tackle Inflation
Blockfinex, an international cryptocurrency exchange founded by Nigerian tech entrepreneur Danny Oyekan, has introduced a new digital currency called DollarCoin. The currency was unveiled as part of efforts to create …
-
Namibia has secured the right to host the prestigious Egmont Group Plenary in July 2027, after Cabinet granted approval for the country’s Financial Intelligence Centre (FIC) to organize the global …
-
The Prime Minister of the United Republic of Tanzania, Kassim Majaliwa, has praised the Dar es Salaam Stock Exchange (DSE) after the bourse recorded strong growth, with its market value …
-
BusinessCapital MarketEconomyFinanceGovernment PolicyINVESTMENT
Stockbrokers Urge Federal Government to Reform Capital Market for $1tn Economy Target
The Chartered Institute of Stockbrokers has appealed to the Federal Government to urgently implement economic reforms that will reposition Nigeria’s capital market as a key driver in achieving the country’s …