BancABC officially becomes Access Bank Botswana

BancABC, a Botswana commercial bank, announced on Tuesday (November 30th) that it will now operate under the name Access Bank Botswana. The bank said...

EIB seals € 30m deal with Rwanda Development Bank

The European Investment Bank plans to grant a new long-term facility of 30 million euros to the Development Bank of Rwanda (BRD) for Rwandan...

Kenya: HF Group reduces its loss to 5 million USD in Q3 2021

Kenya mortgage finance specialist HF Group has released its financial results for the third quarter ended September 30, 2021. It shows that the financial...

Why the BEAC promotes the digitalization of insurance companies in the CIMA zone

The Bank of Central African States (BEAC) supports the promotion of transparency in the insurance sector through the launch of a process of recruiting...

Africa Currency Weekly (with Aza)

God Dollar watches over Africa against the Yuan. The Naira is losing ground, the Cedi under wraps, the Rand under pressure, the Egyptian pound...

Maroc: Why Bank Al-Maghrib lets the dirham rise

By ABASHI SHAMAMBA Driven by a contraction in demand for currencies on the foreign exchange market and an explosion in transfers of MRE ($ 9...

BGFI Bank group press release

Libreville, GABON - November 24, 2021. The BGFIBank Group condemns in the strongest terms, acts contrary to the law and to ethics which could...

Banks: 52% drop in BOA Mali’s net income in the third quarter of 2021

The net income of the Bank Of Africa (BOA) Mali, a subsidiary of the BMCE Bank group, experienced a sharp decline of 52% in...

Egypt: Commercial International Bank launches its green bond program

Commercial International Bank (CIB), the main bank in the Egyptian private sector, has launched its green bond program to mainly support the financing of...

Cemac: support from BDEAC for post-Covid economic recovery

After the economic recession caused by the unexpected oubreak of the health crisis linked to the coronavirus which continues to impact on activities, the...

Burkina Faso mobilizes its partners to finance its 2nd PNDES

The Burkinabè government is mobilizing its partners to finance the second National Economic and Social Development Plan (PNDES-II) 2021-2025. An international conference is planned...

Nigeria: FCMB Group Achieves Net Profit of USD 34 Million in Q3 2021

First City Monument Bank (FCMB), a financial services group based in Lagos, Nigeria, posted net profit of 13.8 billion naira (34 million USD) in...

Cameroon: Union Bank sells 54% of shares held by Ecobank

Major changes have taken place in the shareholding structure of Union Bank of Cameroon (UBC) with a stake of 54% of assets by the...

Morocco: strong performance of Bank of Africa in Q3 2021

The Bank of Africa group published on November 22, 2021 on the Casablanca stock exchange, its financial results for the third quarter ended September...
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