01/04/2017
Bahrain-based Islamic banking group, Al Baraka Banking Group B.S.C has obtained the approval of the Bank Al Maghrib (the central bank of Morocco) to establish a new bank in Morocco. The Group is now represented in all countries in the Maghreb.
01/03/2017
The central bank had said it received seven requests to open Islamic banks.
01/02/2017
African nations should engage with incoming officials or risk losing out on investment and growth opportunities.
12/30/2016
KCB Group, the parent company, also followed up with a brief statement from Nairobi saying the ban had been lifted.
12/29/2016
KCB Group, the parent company, also followed up with a brief statement from Nairobi saying the ban had been lifted.
12/29/2016
The SEC last month sent letters to bondholders asking them for documents provided by Credit Suisse
12/23/2016
URA did not explain reasons for the drastic move in the notice but was quoted by Nation Media Group’s outlet in Uganda, KFM, as saying the issue is being resolved.
12/22/2016
Is it right to describe Mauritius as a jurisdiction of substance?
12/22/2016
According to the Ministry there is a reward for persons that will give relevant information under the programme.
12/21/2016
Many Zimbabweans sleep outside banks in order to have a chance of withdrawing money from their accounts.
12/19/2016
TransCentury was pushed to renegotiate the terms of the Sh8 billion loan, agreeing with the lenders to repay half of it and over a longer period.
12/14/2016
Kenya Central Bank Staff Cited in Alleged $439 Million Fraud
The allegations were contained in defense and counterclaim documents filed in the High Court by bank shareholders in the capital, Nairobi.
12/14/2016
Nigerians Panic Over MMM Accounts Freeze
In the early hours of Tuesday, participants woke up to the shock of a one month “freezing" on all accounts to avoid an eventual collapse.
12/14/2016
Minister pressured Nedbank on Guptas
Nedbank said South African mines minister Mosebenzi Zwane urged the lender to reconsider its decision to sever ties with companies tied to the Gupta family, who are friends of President Jacob Zuma and in business with his son. By Colin McClelland.
12/13/2016
Launch of New Boutique Law Firm Cabinet Baubigeat - Assisting Businesses in their African Expansion
The new firm has been formed by Julien Baubigeat following demand for more effective and efficient support for cross-border transactions, particularly between Europe and Africa.
12/12/2016
Econet launches EcoCash rand wallet
EcoCash General Manager Natalie Jabangwe said the company had mobilised an unspecified amount of South African rand to kick-start the programme, where agents would have the South African currency to give to clients.
12/08/2016
The issues to be addressed include validation of the ECOWAS
12/07/2016
They will bring relevant experience as they work together to find new ways to create African solutions to African development challenges.
12/06/2016
The BoG directed that the assets of such companies be frozen for a liquidation process to start.
12/05/2016
Heirs Holdings is an African proprietary investment company with interests in financial services, power, oil & gas, real estate & hospitality and healthcare.