12/28/2022
The package is expected to help Bank One increase its capacity to provide trade finance needs to Small-and Medium–sized Enterprises (SMEs) and local corporates in Mauritius and across the continent.
12/27/2022
The report also noted that 11,871 BVNs have been watch-listed as deceased persons this year.
12/27/2022
The LC debt exchange, launched on 5 December, comes alongside Ghana’s efforts to secure IMF support. Fitch views it as a distressed debt exchange and downgraded Ghana’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘C’ fr
12/27/2022
Afreximbank, or the African Export-Import Bank, aims to “finance and promote intra-and extra-African trade.”
12/23/2022
According to the CBN, any withdrawal above the set limits must be approved by the Managing Director of the bank in writing.
12/23/2022
Insurance sales scams refer to a customer applying for a loan and are requested to make a deposit into the scammer’s bank account.
12/23/2022
For its part, the Board of Executive Directors, led by the Bank's President, Akinwumi Adesina, took seriously the looming threat of food and social crises in African countries in the wake of Russia's war in Ukraine.
12/22/2022
Building an intricate anti-fraud culture is paramount to the growth of pan-African banking.
12/22/2022
The proposed amendments to the Proceeds of Crime and Anti-Money Laundering Act and Regulations are aimed at preventing the laundering of illicit proceeds from corruption.
12/21/2022
“This project will allow Algeria to benefit from the experience of Germany, whose industry is at the forefront in the field of new and renewable energies,”
12/21/2022
Another Sh9.45 billion was allocated for road construction and Sh6 billion for the purchase of a 60 per cent stake in Telkom Kenya, turning the operator into a parastatal.
12/21/2022
As CBN releases security features
12/20/2022
“This suspension will include the payments on: our Eurobonds; our commercial term loans; and on most of our bilateral debt,”
12/20/2022
Vedman Capital Limited has been licensed as an investment adviser, to primarily advise clients about investments in the capital markets and where an agreement exists with a client, while Pergamon Financial Services has been licensed as an Investor Bank.
12/19/2022
The regulation aims to promote financial inclusion within the Nigerian Financial System, establish standards and procedures for managing the Fund VI by licensed PFAs.
12/19/2022
The new system is set to come into effect on 1 March 2024.
12/19/2022
Important legislation will be in place when the global financial crimes watchdog meets in February.
12/19/2022
KCB announced the acquisition deal with TMB shareholders in August, and is expected to close by end of this month.
12/19/2022
The African Development Bank will provide up to 100% guarantee to participating banks for the non-payment risk arising from the confirmation of letters of credit and similar trade finance instruments issued by BFA.
12/19/2022
The agreement is subject to certain conditions precedent that Sanlam and/or the Allianz Group would be required to fulfil for each jurisdiction.