Browsing: Bank

Gelsomina Vigliotti confirms EUR 600 million EIB backing for Line 3New Cairo Metro line represents the EIBs largest transport investment…

Africa’s trade grew significantly as the world gradually recovered from the COVID-19 pandemic, Professor Benedict Oramah, President and Chairman of…

The Board of Directors of the African Development Bank Group has approved a new policy that aims to strengthen debt…

The volume of Islamic banking services in Egypt stood at around 429 billion Egyptian pounds EGP (more than 27 billion…

The Islamic Development Bank (IDB) Group, through the Islamic Corporation for Private Sector Development (IDC), has signed a USD 10…

Zenith Bank plc posted double-digit growth of 10% in gross profit for the year ended December 31, 2021 to N765.6…

The war in Ukraine weighs on African currencies. Naira jostled by port chaos. The CEDI is losing ground against the…

The Central Bank of Kenya (CBK) launched this Wednesday, February 23, the National Payments Strategy at an event that brought…

Bank of Uganda (BoU), Uganda’s central bank, kept its key rate at 6.5% this month, with the aim of containing…

Commercial International Bank’s consolidated net profit for the full year 2021 was approximately EGP 13.3 billion (approximately USD 845 million),…

The American bank Citigroup will launch its commercial banking services in South Africa, Nigeria, Kenya and Egypt due to the…

EFG Hermes, the largest investment bank in Egypt, announced on Monday February 21 that it had received the approval of…

The central bank of Rwanda announced on February 17, 2022 that it had raised its key rate by 50 basis…

The South African bank Standard Bank Group Limited plans to buy additional shares in its Kenyan subsidiary Stanbic Holdings, through…

Nigeria’s Bank of Industry (BOI) has issued a €700 million Eurobond to fund business growth in Nigeria. The five-year euro-denominated…

Suspicious death, on the run and in custody. Here is the big Guinean thriller that keeps the Pandoras of Scotland…

Bank Al-Maghrib, the Moroccan central bank, announced on February 10, 2022 in Rabat, a partnership agreement withCDG Invest, Investment Branch…

Veritas Kapital Assurance Plc, one of Nigeria’s leading insurance companies, has announced the appointment of Paul Oki as an independent…

LOLC Holdings Plc, a Sri Lankan holding company, will acquire nearly 73.2% of the shares of Key Microfinance Bank Plc,…

The European Bank for Reconstruction and Development (EBRD) granted a loan of 20 million euros to Societe Generale Morocco through…

The Bank of Algeria announced, through a note published on February 3, 2022 on its website, that commercial banks can…

The CEO of the largest pan-African banking group, Ade Ayeyemi, can show a smile. [1 dollar USD = 580.5 CFA…

The Ivorian Banking Company (SIB) opened its third “Business Center”, a self-service space dedicated to businesses on February 1, 2022…

The Bank of Central African States (BEAC) with the assistance of the World Bank (WB) is looking for consultants for…

GuarantCo, a member of the Private Infrastructure Development Group (PIDG), granted a portfolio guarantee of approximately 14.55 billion FCFA, or…

For the second consecutive week, the needs of commercial banks in Mali will not be fully covered by the Central…

Ugandan commercial banks earned 12 billion shillings (3 million USD) in commission as insurers during the 3rd quarter of 2021,…

African insurers who are members of the Federation of African National Insurance Companies (FANAF) will hold their ordinary general meeting…

The International Finance Corporation (IFC) has granted a USD 15 million loan to GTBank Kenya, a subsidiary of the Nigerian…