An audit reveals that the Bank of Uganda (BoU) transferred a colossal sum of 16.2 million USD to suspicious accounts in Japan. Uganda’s Auditor General points…
The African Development Bank (AfDB) unveils its 2024-2033 decennial strategy during the annual meetings in Nairobi in May 2024. Focused on the continent’s critical needs, this…
The Central Bank of Nigeria (CBN) raised its interest rate to 27.5% during its last meeting of the year, following a significant surge in inflation in…
According to Fitch, numerous banks from the GCC are seeking to acquire Egyptian banks, driven by the relatively high growth rates available in Egypt compared to their domestic…
Nigeria will host the headquarters of the African Energy Bank, marking a significant milestone for the continent’s energy sector by financing oil and gas projects across…
The best banks in Côte d’Ivoire in terms of customer satisfaction reveal varied performances. In May 2024, data from SagaBrand show which financial institutions stand out…
Fitch Solutions, an international rating agency, believes the withdrawal of French banks from Africa will create opportunities for local banks. This move, they say, could spur…
The Central Bank of West African States (BCEAO) is launching an interoperable instant payment system in the UEMOA on July 22. This new service will revolutionize…
Kenya is implementing a 20% excise tax on microlenders to increase tax revenues. However, this move is raising concerns in the financial sector, especially regarding the…
After a 30-year ban on foreign involvement in its banking sector, Ethiopia is now contemplating permitting foreign banks to buy stakes in local lenders. Opening up…
Ecobank, the pan-African financial services group, has announced its audited results for 2023, demonstrating strong performance despite challenging operating conditions. The financial results reflect growing confidence…
The sale of the French banking giant to the Saham Group aligns with Société Générale’s strategic roadmap unveiled in September 2023, aimed at streamlining its operations.…