Banking & Finance

Sept 7 – Industrial and Commercial Bank of China plans to raise up to 100 billion yuan, approximately $15 billion, through a …

LUANDA, Sept 5 – Angola has approved the public sale of a 34% stake in Standard Bank de Angola, clearing the way …

LUANDA, Sept 4 – Banco BPI has agreed to sell its 33.35% stake in Banco de Fomento de Angola (BFA) to Congolian …

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 …