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Tuesday, August 11

Browsing: Banks & Insurance

Stay informed on the dynamic world of banking and insurance in Africa with our “Banks & Insurance Africa” section. Explore trends shaping the continent’s financial landscape.

Egypt: Central Bank withdraws $270 million from the banking system

Bank 10 June, 2026

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

Alaa El-Zoheiry and Egypt take over the presidency of the African Insurance Organization

Banks & Insurance 10 June, 2026

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

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Senegal: Orabank Ivory Coast forces EXBAT SUARL into a dispute of over 285 million FCFA

Bank 8 June, 2026

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

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Risk, the Blind Spot of Growth

Banks & Insurance 6 June, 2026

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

Nigeria: Central Bank approves the conversion of Abbey Mortgage Bank into a regional commercial bank

Bank 4 June, 2026

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

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Nedbank opens its offer on NCBA with a premium of over 20% for shareholders

Bank 1 June, 2026

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

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AFG Bank Gabon boosts its profit to $54.8 million, a record level, in 2025

Bank 1 June, 2026

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

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BANK OF AFRICA reports a 9% increase in quarterly net profit

Bank 27 May, 2026

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

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Absa appoints Leon Barnard, a former Standard Bank executive, as head of its investment bank

Bank 27 May, 2026

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

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Attijariwafa bank accelerates its digital transformation with the launch of “Simple.”

Bank 27 May, 2026

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

Morocco: AfDB and OCP seal a €450 million green partnership

Bank 27 May, 2026

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

S&P Global Ratings upgrades the ratings of seven Nigerian banks

Bank 21 May, 2026

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

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Senegal: SORED Mines ordered to pay over 51.5 million CFA francs to Banque Outarde

Bank 21 May, 2026

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

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Kenya: Equity Group starts 2026 on the rise, driven by its regional subsidiaries and digital

Bank 21 May, 2026

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

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Ghana: Central Bank seeks to raise $1 billion locally to finance cocoa

Bank 21 May, 2026

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

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Standard Chartered to cut 7,800 back-office jobs

Bank 21 May, 2026

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

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Egypt: QNB Egypt leads a syndicated financing of USD 245 million for a port project

Bank 21 May, 2026

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

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Absa explores yuan payments for African trade

Bank 21 May, 2026

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

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Ethiopia wants to reform its insurance market with a dedicated regulator

Banks & Insurance 14 May, 2026

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

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Egypt: Al Baraka Bank announces pre-tax profit of approximately USD 24.2 million in the first quarter

Bank 14 May, 2026

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

Gabon: MPs reject Minko’s banking credit bill

Bank 14 May, 2026

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

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Crypto-assets: the main lessons from African central banks to reconcile innovation, stability, and regulation

Bank 11 May, 2026

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

Senegal: SOGETRANS defeated by Banque Atlantique in a dispute of over 7 billion CFA francs

Bank 11 May, 2026

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

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Towards the African Central Bank: the Association of African Central Banks accelerates the operationalization of the African Monetary Institute

Bank 11 May, 2026

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

Audrey Koffi appointed CEO of Orange Bank Africa

Bank 11 May, 2026

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

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Cameroon: COBAC validates the nationalization of Société Générale

Bank 24 April, 2026

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

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Ghana: Sylvia Inkoom appointed Managing Director of First National Bank

Bank 24 April, 2026

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

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Nigeria: Zenith Bank becomes the top bank in terms of market capitalization after a more than 70% increase

Bank 22 April, 2026

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

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Capitec: 23% increase in profit, boosted by credit growth

Bank 22 April, 2026

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

Absa relaunches its acquisition strategy in Africa

Bank 22 April, 2026

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

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About us

Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….

Contact us: redaction@financialafrik.com