04/25/2019
It still has a way to go before becoming the most profitable bank in Africa’s main oil producer: its first-quarter net income of $112 million trailed Zenith and Guaranty Trust Bank Plc, which each made about $135 million.
04/25/2019
The shareholders have no say over monetary policy decisions and the central bank’s mandate -- to target inflation -- is set by the government.
04/25/2019
The president stated that no nation could make meaningful progress without stability
04/25/2019
The 50/50 risk-sharing agreement covers a portfolio of commercial transactions totalling US$100 million, which will support commercial operations worth US$600 million in Africa over the next three years
04/24/2019
These countries are Egypt, South Africa, Ethiopia, Kenya and Sudan.
04/24/2019
Already, 13 financial institutions have been authorised by the Nigerian government to sell the bonds to investors.
04/24/2019
The addition of MMKLP brings the number of countries with a legal presence through the member and collaborating firms of Andersen Global to 41.
04/24/2019
Prior to its exit from the stockbrokerage business, African Alliance Uganda had in 2010 suspended its unit trust services, citing a low asset base, fluctuating interest rates and poor returns on investment.
04/24/2019
The proposed transaction to acquire NBK will further consolidate the banking sector in Kenya
04/24/2019
As a bank, we have a role to support the economy anyhow we can and how we do that is by empowering our customers.
04/23/2019
However, the cost drops dramatically by as much as 90% when money is sent through cryptocurrency-based fintech companies like Bitpesa.
04/23/2019
Nedbank ran a bond note deposit promotion early last year, in which a client who deposited bond notes would be entitled to a foreign currency allocation equivalent to 50 percent of bond notes that were deposited.
04/23/2019
The NSE said every listed company was required to provide the Exchange with timely information to enable it efficiently perform its function of maintaining an orderly market.
04/23/2019
The bank will be focused on building an agri-banking offering based directly on the insights gained through direct relationships with farmers and agri-businesses held across generations and will add these to its existing range of business banking product
04/23/2019
There is also a notable increase in the connectivity between the UAE and East Africa, specifically Kenya.
04/22/2019
With the minimum risk to the CBN, the payment service providers and end users, the operation aimed at accommodating the banked, underbanked and the unbanked.
04/22/2019
The assistance bundle entails $500 million deposit into Sudan's central bank to strengthen the country's liquidity and monetary reserves.
04/22/2019
South Africa marks the tenth country in Africa in which Andersen Global has a presence.
04/18/2019
The improved outcomes were mainly due to positive surprises such as low food-price growth and a stable exchange rate, the central bank said.
04/18/2019
“Political uncertainty is a crucial factor, especially in emerging markets, where HNWIs ( high net-worth individuals) are often based in jurisdictions where there is a large disparity in wealth,” he said.