01/25/2016
The Jeddah-based Islamic Corporation for the Development of the Private Sector will commit an intial $30 million for the SME fund and would help seek additional investors to increase its size to $100 million, a joint statement said.
01/22/2016
National Bank of Egypt, the country's largest state bank, is seeking a licence to conduct local-currency banking in mainland China, through its Shanghai branch.
01/20/2016
The market reaction to Nene’s dismissal, with the rand and bonds tumbling, may deter the government from taking unexpected steps that affect the national treasury.
01/20/2016
In the first six months of 2015, BFA operations made up 70% of BPI profits.
01/20/2016
A bank spokesperson says: "Regulatory compliance and anti-money laundering and risk management are top imperatives for [the bank].
01/19/2016
Last year, Regulation 29 was finally promulgated as a subset of Regulations 15 and 28
01/19/2016
The law requires the bank to file its defence in 20 days and if the Central Bank is not satisfied, then Stanbic Bank Tanzania will be compelled to pay the fine
01/19/2016
Egypt's central bank is considering listing shares in two major banks on Cairo bourse, chief Tarek Amer announced Tuesday.
01/18/2016
The Board of Directors of the African Development Bank Group, met on 13 January 2016 to approve the Integrity Due Diligence Policy on non-sovereign operations.
01/14/2016
Owners say they were kept in the dark over the regulator's decision to disburse Sh8 billion through Kenya Commercial Bank and Diamond Trust Bank late last year.
01/14/2016
According to him, the country could not afford to remain in the current situation
01/14/2016
In the past three years, banks such as AfrAsia, Genesis and Allied Bank have folded, leaving depositors stranded.
01/13/2016
The Bank of Ghana is to intensify its intelligence network and review the entire process of licensing new Microfinance Institutions to improve surveillance of the micro-finance landscape.
01/12/2016
The much-awaited reforms, expected to boost operations of banks in the country, were passed by the Parliament last Wednesday.
01/11/2016
The Bank intends to improve collaboration with law enforcement agencies to deal swiftly with illegal financial service providers and intensify public education on financial literacy to avoid miscommunication.
01/06/2016
It also announced new measures to restrict foreign businesses from operating in reserved areas such as retail and agriculture.
01/06/2016
In a day in which the penny dropped on racism in South Africa, Standard Bank dropped another bomb to announce the suspension of economist Chris Hart.
01/04/2016
Kenya Commercial Bank Limited owner of KCB Kenya has been approved by the Central Bank of Kenya as a non-operating holding company.
01/04/2016
The capital market regulators broke the 55-year analogue settlement jinx with an automated real-time payment regime.
01/04/2016
The accrued pension rights, he said, has denied many retirees of their pension benefits.