Browsing: Banks & Insurance

The Central Bank of Egypt withdrew 13.5 billion Egyptian pounds, approximately $270 million, from the banking system through an open…

Egypt has assumed the presidency of the African Insurance Organization (AIO) for the 2026-2027 term. Its representative, Alaa El-Zoheiry, President…...

Orabank Ivory Coast SA has forced the company Les Experts du Bâtiment (EXBAT SUARL) and its director, Ngagne Mbaye, to…...

What if one of the most underestimated barriers to the continent’s growth was not the lack of projects, ambition, or…

Abbey Mortgage Bank Plc has obtained approval from the Central Bank of Nigeria (CBN) for its conversion into a regional…...

The offer from South African banking group Nedbank to acquire approximately 66% of the capital of NCBA Group has entered…...

AFG Bank Gabon recorded a record net profit of 31.25 billion CFA francs (equivalent to $54.8 million) in 2025, up…...

BANK OF AFRICA announced on Tuesday, May 26, a 9% increase in its group share of net profit for the…...

Absa Group banking group has appointed Leon Barnard, a former executive at Standard Bank, as the CEO of its pan-African…...

The Moroccan banking group Attijariwafa bank is taking a new step in its digital strategy with the official launch of…

The African Development Bank (AfDB) and the OCP Group signed an agreement on May 22, 2026 in Rabat for a…

S&P Global Ratings has upgraded the credit ratings of seven Nigerian banks after raising Nigeria’s sovereign rating to “B” from…...

The Commercial Court of Dakar rendered its decision in favor of Banque OUTARDE in the dispute with the Société de…...

Equity Group Holdings announced a 24% increase in its net profit in the first quarter of 2026, supported by the…...

The Bank of Ghana (BoG) is set to raise approximately $1 billion on the domestic bond market to finance cocoa…...

Standard Chartered plans to eliminate around 7,800 positions in its corporate functions by 2030 as part of an automation program…...

A consortium of 12 banks led by QNB Egypt has set up a syndicated loan of 11.98 billion Egyptian pounds…...

Absa Group is considering joining the Cross-Border Interbank Payment System (CIPS), the Chinese network for international yuan payments, a few…...

The “Insurance Proclamation” project, unveiled at the end of April 2026 by the National Bank of Ethiopia, provides for the…...

Egyptian bank Al Baraka Bank Egypt announced a pre-tax profit of 1.21 billion Egyptian pounds (EGP) (approximately USD 24.2 million)…

On May 9, 2026, Gabonese MPs rejected the bill known as the “Minko bill”, named after the Minister of Economy,…...

Gathered on May 8, 2026 in Dakar (Senegal), the leaders of several African central banks discussed the challenges posed by…

The Commercial Court has rendered its decision in the dispute between Société Générale des Transports (SOGETRANS SAU), represented by SCPA…...

The first meeting of the year 2026 of the governors of the Association of African Central Banks (ABCA) opened this…

Orange Bank Africa announced on Wednesday, May 6, the appointment of Audrey Koffi as Chief Executive Officer. She succeeds Jean-Louis…...

From official sources at the Cameroonian Ministry of Finance, since the beginning of April 2026, the State of Cameroon now…...

First National Bank Ghana has appointed Sylvia Inkoom as Managing Director, effective July 1, 2026, subject to approval from the…...

Zenith Bank has become the most valued bank in Nigeria, with a market capitalization exceeding 5 trillion nairas (3.1 billion…...

Capitec Bank, a South African bank, recorded a 23% increase in its annual profit for the fiscal year ending in…

The South African banking group Absa plans to accelerate its growth in Africa through new acquisitions and partnerships, as part…...