Browsing: Bank

Uganda’s central bank has held its main lending rate at 9.75 percent on Thursday, citing inflation looked contained despite uncertainties…...

The Central Bank of Kenya (CBK) has cut its benchmark lending rate for the fourth monetary policy meeting in a…...

African Trade and Investment Development Insurance (ATIDI) is eyeing entry into the Northern and Southern African countries led by Egypt,…...

South Sudan’s central bank has threatened to terminate Stanbic Bank’s licence in a dispute concerning millions of dollars that were…...

Several companies have exited Zambia and Zimbabwe due to currency instability and challenging economic conditions. Among the latest firms to…...

Tanzania’s central bank has maintained it benchmark rate at six percent in the latest review, holding it for the third…...

Access Bank Plc has raised $228 million in a rights issue from 17.8 billion ordinary shares as it embarks on…...

Tanzania’s central bank has scraped card payments fees and warns merchants against adding extra charges on these transactions. The country’s…...

December 19, 2024 The ECOWAS Bank for Investment and Development (EBID) has approved a total funding package of FCFA10 billion…

McKinsey Africa will pay $122.85 million as fine to conclude a criminal investigation into a years- long bribery ring involving…...

The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr George…

Ecobank Transnational Incorporated (ETI), has issued a $400 million Eurobond on the London Stock Exchange (LSE) main market that will…...

Equity Group has reported a net profit of $304.2 million for the third quarter of the year, representing a growth…...

Ecobank Transnational Incorporated (ETI) has partnered with Nium, a Singapore-headquartered cross- border payments company for seamless cross border payments across…...

Ethiopian commercial banks will be required to disclose to customers all fees and commissions relating to forex transactions effective immediately,…...

Lomé, 3 October 2024-The ECOWAS Bank for Investment and Development (EBID) and CORIS Bank International Côte d’Ivoire have extended a…

The Central Bank of Kenya (CBK) has cleared America’s largest bank, JP Morgan Chase and Co. to set up a…...

The Central Bank of Kenya (CBK) slashed the key lending rate by the largest margin since the onset of the…...

Stanchart Chartered Bank of Kenya and Kenya Commercial Bank (KCB) have the highest loan exposure in government entities as of…...

Ghana’s central bank slashed its base lending rate by 200 basis points to 27 per cent on Friday, the first…...

Nigeria’s Central Bank has raised its benchmark lending rate by 50 basis points to 27.5 per cent attributed to the…...

Ecobank Kenya lost millions of dollars between 2020 and 2022 following the failure of its card operations team to upload…...

LONDON – AUGUST 22, 2024 09:39 AM (EDT) AM Best has assigned a Financial Strength Rating of B (Fair) and…

Equity Group, a listed lender on the Nairobi Securities Exchange (NSE), has reported a 12.1 percent growth in net profit…...

The Central Bank of Kenya (CBK) has announced it is making changes to some notes to have them bear the…...

South Africa’s central bank has kept its benchmark interest rate unchanged at 8.25 per cent in a split decision for…...

Kenya’s banking sector posted an 8.8 per cent decrease inprofitability in 2023 from $1.83 billion (Ksh240.4 billion) in December 2022,…...

Uganda’s Jubilee Health Insurance has launched a new children’s –only medical insurance product dubbed the J-Junior Medical Cover, hoping to…...

Appointed Senior Executive Vice President (Finance, Administration, and Banking Services) of Afreximbank in December 2023, Denys Denya has a clear…

Equity Group shareholders have approved the establishment of a new health insurance subsidiary in Kenya, during the 20th annual general…...