Browsing: Banks & Insurance

Allianz Africa formalizes its new strategic skills cluster in Africa, according to a statement from the group to Financial afrik.…

 The African Export-Import Bank (Afreximbank) has made the case for factoring as a viable and sustainable solution to address the…

The Central Bank of Zimbabwe (RBZ) borrowed $ 985 million from pan-African lending institutions in 2018 to cover commodity imports.…

By Pierre Delval, chronicler. On April 15, 2018, in issue 49 of Financial Afrik, I devoted a full column…

National Bank of Egypt Vice President Yehia Abul Fotouh announced last week that the bank plans to finance infrastructure projects…

Announced in recent months by the government, the privatization process of the Togolese Banking Union (UTB) and the Togolese Bank…...

Nigerian financial holding company FBN Holdings Plc, the parent company of First Bank, announces that it will list its shares…

The African Development Bank and Sophia University in Japan, have signed a Memorandum of Understanding to promote capacity development within…

Ecobank Transnational Incorporated is preparing to sign today in Lomé, a partnership agreement with the Togolese government on the National…

In South Africa, the insurer Discovery plans to launch its banking business towards the end of May 2019. This step…

The national management of the Central Bank of West African States (BCEAO) announced on February 26, 2019, the state of…

If 8 companies have applied for membership of the Federation of African National Insurance Companies -FANAF (including East Africa Global…...

By Blaise Kendah The number of policies in a life insurance company is subject to natural erosion such as deaths…

This is the case that shakes right now the Liberia President George Weah (in office since January 2018) and the…...

Ghana’s Cedi (GH ¢) has depreciated against the dollar and the pound sterling over the last two months. The dollar…

The interoperability of electronic payments by telephone will be effective from 31 March 2019 in the Central African Economic and…...

The Attijariwafa bank group has obtained the accreditation of the United Nations Green Climate Fund (GCF), as financial intermediary for…

From now on any customer holding a bank card of the New Bank of Mauritania (NBM) can perform a transfer…

The Arab Bank for Economic Development in Africa (BADEA) and the Regional Bank of Markets (BRM) of Senegal signed on…

The IFC, a subsidiary of the World Bank in charge of the private sector, is the subject of a claim…

Foreign currency deposits in Nigerian commercial banks reached 5,542 billion naira, equivalent to 15.3 billion USD at the end of…

The 2018 vintage will not remain exceptional in Saham Assurance’s accounts. The company recorded a net profit down 8.5% to…

By Eric Maniable * We propose a little soap opera on the theme of the redemption rate curve. This first…

Meeting on 14 February 2019, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to reduce…

Recently introduced on the Casablanca Stock Exchange, Mutandis closed the year 2018 with a 40% increase in its net profit…...

 The African Export-Import Bank (Afreximbank) has upgraded its compliance function to a full department, naming long-serving banker Maureen Mba as Director.…

The Cameroonian subsidiary of the French group Société Générale has seen a sharp increase in net banking income (GNP) in…...

The African Export-Import Bank (Afreximbank) has appointed Humphrey Nwugo as Regional Chief Operating Officer for its Harare-based Southern Africa Regional…

Financial Afrik met with Citi’s CEO for the Middle East and Africa. In this role since 2015, Atiq Rehman outlines…

Bank of Tanzania (BoT), the central bank of the East African country is forecasting a 0.1% rise in economic growth…