DRC: commercial banks engage in the fight against money laundering

The Congolese Association of Banks (ACB) under the leadership of the United States is committed to fight against money laundering. In a statement, reached the...

Finnfund provides US$10 million loan to First National Bank Ghana

Finnfund, a Finnish development finance company and impact investor, has provided a US$ 10 million senior loan to First National Bank Ghana Ltd. One of...

Fitch Rating Agency Affirms Triple A (AAA) Rating of the African Development Bank, with...

Fitch Ratings, the global credit rating agency, has affirmed the African Development Bank’s (AfDB) Long-Term Issuer Default Rating (IDR) at ‘AAA’, with...

The sale of BNP Paribas subsidiaries in Africa takes a political turn

Dossongui Koné, boss of Atlantic Finance and Simon Tiemtoré, CEO of Vista bank in a tight duel for the takeover of the 3 BNP...

Nigeria: Equity Assurance becomes Sunu Insurance Nigeria

Insurance Assurance Plc., A member of the SUNU Group, has announced a name change for SUNU Insurance Nigeria Plc. Established on 3 October 1991, the...

Nigeria: Sterling Bank Obtains CBN Clearance to Become a Holding Company

Nigerian bank Sterling Bank has announced that it has received approval from the Central Bank of Nigeria (CBN) to restructure its operations and become...

Banks: EBID reimburses 3.66 billion FCFA of debt at the end of September 2019

On September 28, 2019, the ECOWAS Bank for Investment and Development (EBID) will pay the half-yearly interest and the repayment of the capital of...

Ivory Coast: Vantage Capital awards 12 billion FCFA to Petro Ivoire, now controlled by...

The Kadio-Morokro family, founder of Petro Ivoire, takes over the majority of the company with the exit of the capital of the funds of...

Tanzania: The central bank expects growth in 2019

Bank of Tanzania (BoT), the central bank of the East African country is forecasting a 0.1% rise in economic growth expected to reach 7.3%...

COFINA Senegal signs MoU with WSBI to widen financial access for low-income women in...

MaTontine’s innovative digital solution will help to make small-scale savings work BRUSSELS, 5 September 2018 – More than 50,000 low-income Senegalese women will gain access to basic financial services...

Wafa Insurance tops African Insurance Companies Rankings

Wafa Assurance ranks first among African insurance companies in the Middle East and North Africa (MENA) region. According to Atlas Magazine which led the ranking,...

Saham Assurance launches new claims management portal

Saham Assurance has set up the first-ever integrated hardware claims management platform, as well as several innovations designed to provide its customers with a...

Afreximbank Identifying Projects to Support Transformation of Cameroon’s Economy

The African Export-Import Bank (Afreximbank) is in the process of identifying projects in the key sectors of Cameroon to assist the country to achieve a...

AfDB Provides $ 30 Million to Rwanda

The Board of Directors of the African Development Bank Group has approved a US $ 30 million loan to support the creation of the...
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