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May 23
Nigeria: Central Bank Revokes Licences of 132 Microfinance Banks, Others
Premium Times
The CBN Governor, Godwin Emefiele, revoked the licenses in the exercise of the powers conferred on the Central Bank of Nigeria Read more »
Rwanda: Bk Officially Inaugurates 'Modern' Giporoso Branch
New Times
Bank of Kigali (BK) on May 23 opened its Giporoso branch situated in the Sar Motor Building, Remera. Read more »
Ghana: Ghana to Host 30th Annual Meeting, Anniversary of Afreximbank
Ghanaian Times
Ghana is to play host to the 30th annual meeting and anniversary of the African Import-Export Bank (Afreximbank) in Accra. Read more »
Nigeria: World Bank, World Economic Forum Support Nigeria's Action Against Plastic Pollution
Daily Trust
The World Bank, the World Economic Forum (WEF), the United Nations Industrial Development Organization (UNIDO) and other organizations have pledged their support Nigeria's efforts… Read more »
May 22
Kenya: Pastor Ezekiel's Church, School Allowed to Access Accounts as Court Declines to Extend Freeze Orders
Capital FM
Members of New Life church and Kilifi international school are now free to access their respective bank accounts after the High Court declined to extend the freeze order. Read more »
Malawi: NBS Bank Introduces 'Open Banking'
Nyasa Times
NBS Bank has introduced 'open banking', a form of integrational banking that allows other banks and financial institutions to integrate with its system for various payments to… Read more »
Ghana: Self-Employed Sportmen Urged to Secure Future With SSNIT Scheme
Ghanaian Times
Self-employed sportsmen and administrators have been urged to enrol onto the Social Security and National Insurance Trust (SSNIT) scheme to shelter their future. Read more »
May 20
Ghana: Banking Sector Strong, Solvent to Support Economic Growth - Second Deputy Governor
Ghanaian Times
The banking sector remains solvent and strong to support economic growth despite the recent challenges faced by the country, Second Deputy Governor, Mrs Elsie Addo Awadzi, has… Read more »
May 19
Southern Africa: Zimbabwe's Woes Affecting Rest of Region - Chissano
allAfrica
The crisis in Zimbabwe is having “terrible consequences” for the whole of Southern Africa by delaying the building of roads, railways and power lines, says former… Read more »
May 18
Nigeria: African Development Bank Approves $15 Million Loan to Support Infrastructure Financing in Nigeria
Premium Times
The financing will enable InfraCredit to leverage domestic capital markets to bolster access to long-term local currency infrastructure financing in Nigeria. Read more »
Kenya: Kenyans Holding Over U.S.$700 in Bank Accounts Rise to 1.9 Million
Capital FM
The number of bank accounts with over Sh100,000 rose by nearly five percent in the 12-month period ending December last year, a new survey shows. Read more »
Uganda: Medical Insurance Goes Cardless As Smart Launches Mobile App to Enhance Healthcare Administration
Nile Post
Smart Applications International Ltd, a leading ICT and biometric giant, has launched a virtual mode of medical access to enhance provider transparency in healthcare… Read more »
May 17
Ghana: IMF Executive Board Approves U.S.$3 Billion Extended Credit Facility Arrangement for Ghana [document]
IMF
Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved a 36-month arrangement under the Extended Credit Facility (ECF) in an amount equivalent to SDR… Read more »
Ghana: GCB Well Placed to Navigate Through Challenges - Managing Director
Ghanaian Times
GCB Bank has met with its key corporate clients as part of its normal customer-interaction activities dubbed "CEO's Breakfast Meeting". Read more »
Benin: IMF Approves U.S.$68 Million Disbursement for Benin [document]
IMF
Washington, DC: On May 17, 2023, the Executive Board of the International Monetary Fund completed the Second Review of Benin's Fund-supported program. The 42-month blended EFF/ECF,… Read more »
Nigeria: World Bank Poverty Report On Nigeria
Leadership
Several reports by reputable organisations, both local and international, have indicated that Nigeria faces the serious challenge of poverty for millions of the country's citizens.… Read more »
May 16
Nigeria: Leading Nigerian Bank Opens French Subsidiary in Paris
RFI
Access Bank, one of Nigeria's top financial institutions, has opened a subsidiary in Paris as it seeks to extend its foothold in French-speaking Africa. Read more »
Africa: Tackling High Inflation in Emerging Markets [document]
IMF
Speech at Annual Conference of the Central Bank of Brazil, Brasilia Read more »
May 15
South Africa: Eskom Grid Failure - 'Sasria's Job Is to Find an Insurance Solution' [analysis]
Daily Maverick
Specialist national insurer Sasria sparked a storm with its announcement that it would not cover claims related to national electricity grid failure -- followed by a backtrack… Read more »
Nigeria: CBN Doubles Down in Fight Against Spiraling Inflation
This Day
The Central Bank of Nigeria (CBN) has reiterated its commitment to continue to take steps to control the country's spiraling inflation which rose to 22.04 per cent in April. Read more »
May 12
Angola: BNA Develops Tools for Angola's Debit Card Use in Foreign Countries
ANGOP
The National Bank of Angola (BNA) is working on tools to enable the use of local debit card in the countries of the SADC region and in other countries with an international payment… Read more »
May 10
Sudan: Online Banking Services Collapse, Water Shortages in Khartoum
Dabanga
Battles between the Sudanese army and the Rapid Support Forces (RSF) continued on Monday, despite a declared armistice. The conflict caused the water supply to be completely cut in… Read more »
May 09
Ghana: SSNIT to Enrol More Self-Employed Workers
Ghanaian Times
The Social Security and National Insurance Trust (SSNIT) is to embark on a massive campaign, to enrol more self-employed workers onto the scheme. Read more »
May 08
Tanzania: Central Bank Ups Recovery Deposits
Daily News
THE Central Bank has raised the maximum reimbursements for depositors of liquidated banks from 1.5m/- to 7.5m/-, effective from February 1, this year following public outcry over… Read more »
May 07
Tunisia: National Bond 2023 - Subscription to 2nd Tranche to Start On May 8 to Raise Tnd 700 Million
Tunis Afrique Presse
Subscription to the second tranche of the 2023 National Bond issue, whose amount is set at 700 million dinars (MD), will start on Monday, May 8, 2023. Read more »
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