The African Reinsurance Corporation has reported a strong financial performance for the first half of 2025, with Gross Written Premium rising by 15.31 per cent to $644.30 million, up from …
Finance
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AfricaBusinessEconomyFinanceInsuranceINVESTMENT
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BankingDevelopmentEconomyFinanceGovernanceNews
Parallex Bank Unveils N4bn Support Fund for Lagos Local Governments
Parallex Bank Limited has introduced a N4 billion financial support programme aimed at boosting the operations of local governments across Lagos State. The initiative, which targets all 20 Local Government …
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BankingBusinessEconomyFinanceNewsNigeriaTechnology
UBA Unveils Fifth Supersavers Promo with N150m Prize to Boost Savings Culture
The United Bank for Africa Plc has launched the fifth season of its Supersavers Promo, which will reward customers with N150 million in prizes while encouraging more Nigerians to embrace …
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BusinessCommunity DevelopmentEconomyFinanceHealthTechnology
M-Kopa offers smartphones with health cover in Uganda
M-Kopa Uganda has launched a new program called “More Than a Phone” to give everyday Ugandans access to quality smartphones with extra benefits like health insurance, device repair, and affordable …
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AFRICA NEWSBankingConsumer ProtectionCyber securityFinanceFraud AwarenessNorth Africa
North African Bank warns against illegal sale of Visa and MasterCard
The North African Bank has issued a strong warning to customers over the buying and selling of international cards such as Visa and MasterCard outside approved channels. The bank explained …
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BankingBusinessEconomyFinanceForex TradingOil & Gas
Naira Gains Slightly as Nigeria’s External Reserves Hit $41 Billion High
The Nigerian naira recorded a slight appreciation against the United States dollar on Thursday at the official foreign exchange market, as the country’s external reserves rose to a four-year high …
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Business and EconomyCorporate GovernanceFinanceINVESTMENTPropertySouth Africa
RMH, Atterbury Clash Over Strategy as Director Removed
RMB Holdings (RMH) has announced that one of its representatives, Brian Roberts, has been removed as a director of Atterbury Property (Pty) Ltd, exposing the deepening rift between the South …
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Kenya has secured up to 25 billion yen ($169 million) in Samurai financing from Japan to support its struggling automotive and energy sectors, as the East African country continues to …
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AgricultureEastern AfricaEconomyFinanceInflationMonetary Policy
Rwanda Central Bank Raises Key Interest Rate to Tackle Rising Inflation
The National Bank of Rwanda has raised its key repo rate by 25 basis points to 6.75 percent as the country battles rising inflation that is putting pressure on the …
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Illovo Sugar Malawi Plc, one of the country’s largest companies, has secured shareholder approval to borrow $45 million from its majority shareholder, Sucoma Holdings Limited, in a move designed to …