Browsing: Banks & Insurance

The Nigeria Deposit Insurance Corporation (NDIC) has started the process of liquidating 46 microfinance banks whose operating licenses were revoked…...

The Central African Banking Commission consulted the banking and financial profession on eight draft texts covering payment services, minimum banking…...

BCP Group and Western Union have launched a solution allowing for international money transfers with immediate credit to bank accounts…

At its second regular annual session on June 29, 2026 in Yaoundé, the Monetary Policy Committee (MPC) of the Bank…...

Equity Group Holdings continues its diversification in financial services. Gathered on June 24, 2026, during the 22nd Annual General Meeting…...

The European Central Bank (ECB) could raise its key rates again as early as July 2026 if inflation were to…...

African Bank recorded a net loss of 624 million rand (37.8 million USD) for its latest fiscal year, penalized by…...

Yves Nanan officially took over the position of Secretary General of SUNU Bank Togo on June 15, 2026. This change…

The Central Bank of Sudan has ordered the liquidation of the local branch of Abu Dhabi Islamic Bank (ADIB), ending…...

On June 18, 2026 in Yaoundé, during the Promote Trade Fair, the governor of the Central African States Bank (BEAC),…...

On Tuesday, June 23, 2026, in Rabat for its second quarterly session of the year, the Bank Al-Maghrib Council decided…...

Credit extended to the Nigerian government increased by 17,390 billion nairas (11.6 billion USD) in the year ending in May…...

In a note published on June 22, 2026, the American rating agency Fitch Ratings confirms that “commercial banks operating in…...

The British digital bank Monzo started offering money transfers to Nigeria on June 23, 2026, expanding its services on one…...

African Frontier Capital has raised $50 million through a green bond secured for the financing of domestic solar systems in…...

The Housing and Development Bank (HDB) announced the distribution of free shares to its shareholders, at a rate of one…...

e 2025 financial year, the profit of the Banco Nacional de Guinea Equatorial (Bange Bank) reached nearly 5 billion CFA…...

AFG Bank Cameroon announced that, for the year 2025, it exceeded the threshold of 1,500 billion CFA francs (around USD…...

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has provided insurance coverage for the construction of…...

The Central Bank of Egypt (CBE) has requested banks in the country to no longer grant loans intended to finance…...

The South African banking group Absa plans to invest up to 30.9 billion Kenyan shillings ($239 million) to increase its…

The Kenyan subsidiary of the Commercial International Bank (CIB Kenya) aims to triple its market share in two years to…...

The National Insurance Commission of Nigeria (NAICOM) has officially returned operational control of African Alliance Insurance Plc to a new…...

The Central Bank of Nigeria (CBN) has ordered banks, fintechs, and other payment service providers to locally store transaction data…...

The Central Bank of Sierra Leone closed Union Trust Bank (UTB), the country’s only indigenous private bank, on Wednesday, June…...

According to the report on the evolution of lending rates of credit institutions in the Economic and Monetary Community of…...

In Dakar, the competent commercial court ruled in favor of BSIC Senegal SA in the dispute with MACH INTER SARL…...

On June 11, 2026, the Cameroonian Minister of Finance, Louis Paul Motaze, signed performance contracts between the State of Cameroon,…...

The National Investment Bank (BNI) closed the 2025 fiscal year with a net profit of 47.97 billion CFA francs (around…...

The Moroccan Capital Market Authority (AMMC) approved, on June 9, 2026, the information memorandum related to the share buyback program…...