12/31/2014
Despite fears been nursed in some quarters over the future of the Nigerian economy, the nation’s insurance sector has in the last one year attracted about $750 million in foreign direct investment.
12/30/2014
The first insurance company of Somali in over 20 years opened in its capital Mogadishu on Monday
12/30/2014
The Sahel Women’s Empowerment and Demographic Dividend Project would also help promote regional knowledge and data on proven gender development programmes
12/30/2014
After an initial investment of J$38 million in 2006, the investment bank says it will earn approximately J$955 million or US$8.34 million from the transaction.
12/29/2014
Expanding its suite of Emerging Market products, the Dubai Gold and Commodities Exchange, today announced the launch of three new currency contracts Russian Ruble Futures, Korean Won Futures and South African Rand Futures.
12/29/2014
CAHL, which FTIL said had agreed to pay $40 million, is six months old, with share capital of 1,000 Mauritian rupees; FTIL says deal followed transparent bidding
12/29/2014
Skye Bank Plc says it has appointed Mrs Amaka Onwughalu as interim Managing Director for Mainstreet Bank.
12/25/2014
Bank liquidity may be affected by oil prices, says HBSC debt-capital markets head for MENA.
12/23/2014
This was facilitated via the acquisition of about 20.9 percent of Union Bank’s holdings from the Asset Management Corporation of Nigeria (AMCON), for a purchase price of approximately $250 million.
12/23/2014
Two banks, Access Bank and United Bank for Africa Ghana, have expressed their readiness to integrate their online banking gateways to that of the Ghana Interbank Payment and Settlement System to enable them to take part of direct transfers between banks.
12/22/2014
One of Morocco's biggest lenders Attijariwafa Bank announced on Friday it has begun trading in the Chinese yuan to help local and African businesses in their growing commercial partnership with China.
12/22/2014
The Chief Executive Officer of Universal Merchant Bank, Ms Nilla Selormey, has said it is time for the banks in the country to identify new niches in the market where each can play efficiently and still achieve good growth.
12/19/2014
Africa's attractiveness as an investment destination continues to grow in recognition
12/19/2014
This, in turn, allows the flexibility to facilitate some of the pressing reforms in the area of parastatals by carrying out a thorough due diligence audit over management systems.
12/17/2014
Financial services group MMI Holdings has entered into an agreement with Botswana-listed Imara Holdings Limited to acquire 100 percent of stockbroker Imara SP Reid
12/17/2014
Citibank NA and Global insurer Zurich Insurance Group announced today the signing of an exclusive 15-year strategic agreement to offer Zurich’s comprehensive life insurance solutions, as defined in the agreement, to Citi’s consumer clients thr
12/17/2014
The financial inclusion and the cashless policy initiatives of the Central Bank of Nigeria last week got uplifted following Stanbic IBTC Bank and the Subsidy Reinvestment and Empowerment Programme Maternal and Child Health (MCH) Project, on mobile conditi
12/17/2014
Mid Tier lender, Skye Bank Plc, said on Tuesday it had received a ‘No Objection’ letter from the Securities and Exchange Commission to acquire Mainstreet Bank from the Asset Management Corporation of Nigerian
12/16/2014
Angola´s financial sector, like its economy, has seen rapid growth in the past decade, as the number of domestic banks operating in the country jumped from 13 in 2005 to 29 in 2014.
12/15/2014
It looks like the good bank that the South African Reserve Bank and National Treasury want to raise from the ashes of African Bank is never going to happen.