Banking & Finance

CAIRO, Oct 15 – Ethiopia’s central bank has joined the Pan-African Payment and Settlement System (PAPSS), marking a step toward integrating the …

LAGOS, Oct 9 – Ecobank is preparing to join China’s Cross-Border Interbank Payment System (CIPS), expanding its capacity to facilitate yuan transactions …

ADDIS ABABA, Oct 6 – Ethiopia’s central bank has allocated $840 million for foreign exchange auctions during the second quarter of the …

JOHANNESBURG, Oct 5 – Absa Group Ltd. has launched an institutional digital-asset custody service in South Africa, positioning the banking group to …

JOHANNESBURG, Oct 1 – The South African Reserve Bank (SARB) has appointed economist Franz Ruch as an adviser to its governors and …

LUANDA, Sept 29 – Angola has raised 208.5 billion kwanzas ($224 million) from the sale of a 34% stake in Standard Bank …

NAIROBI, Sept 23 – The Central Bank of Kenya (CBK) has approved the transfer of all assets and liabilities of Access Bank …

CAIRO, Sept 23 – National Bank of Egypt (NBE) has agreed to acquire Banque Misr’s operations in the United Arab Emirates, reshaping …

LAGOS, Sept 18 – The sharp depreciation of the Nigerian naira between 2023 and 2024 significantly increased the contribution of foreign subsidiaries …

KAMPALA, Sept 17 – The Bank of Uganda has raised the cash reserve requirement for commercial banks as the Ugandan shilling continues …