Banking & Finance

MAPUTO, Sept 1 – Mozambican President Daniel Chapo has appointed Waldemar Fernando de Sousa as Governor of the Bank of Mozambique, replacing Rogerio …

CAIRO, Aug 30 – Egypt’s Banque Misr is reviewing a US Treasury measure targeting its UAE branches over alleged dealings linked to …

LAGOS, Aug 20 – Ethiopia’s central bank has allocated $500 million through a special foreign exchange auction after commercial banks submitted bids …

NAIROBI, Aug 19 – South Africa’s Absa Group has increased its stake in Absa Bank Kenya to about 72% after acquiring approximately …

ABUJA, Aug 18- Nigeria’s ATM transactions rose by 6.6% year-on-year to 438.6 million in the first quarter of 2026, while Point-of-Sale (PoS) …

JOHANNESBURG, Aug 17 – South Africa’s financial regulators are preparing rules that would require over-the-counter derivatives to be centrally cleared, with the …

JOHANNESBURG, Aug 13 – Standard Bank Group, Africa’s biggest bank by assets, reported a 10% increase in headline earnings for the six …

LAGOS, Aug 12 – Africa Finance Corporation (AFC) has raised CHF350 million (about $430 million) through a five-year digital bond, marking the …

JOHANNESBURG, Aug 11 – BRICS countries are discussing potential connections between their fast payment systems and central bank digital currencies as the …

DAR ES SALAAM, Aug 6 – Stanbic Bank Tanzania is increasing its focus on small businesses and retail banking after reporting stronger …