Kenya
Kenya Central Bank Governor: Low Smartphone Penetration Working Against Plan to Launch CBDC
According to Patrick Njoroge, the governor of the Kenyan central bank, the significant number of non-smartphones that are in use in Kenya means ...
News
Nigeria: CBN disburses N1.452trn for 337 real sector projects
The Central Bank of Nigeria has said it had disbursed N1.452 trillion to 337 large real sector projects in agriculture, manufacturing, services, and ...
News
Nigeria: CBN to Penalise Banks for Composed Banknotes Deposits
The Central Bank of Nigeria (CBN), has warned Deposit Money Banks (DMBs) to stop bringing “composed banknotes” as part of their deposits with ...
Kenya
Kenya: Top banks urge CBK to reinstate M-Pesa fees
Kenya’s top banks have renewed push for the regulator to reinstate charges on transfers of money between bank accounts and mobile money wallets, ...
Africa
Africa: Angaza Awards Recognizes Female Senior Executives in the Banking and Finance Sector in Africa.
Launched in October 2020, Angaza Awards Recognizes Female Senior Executives and Emerging Leaders in the banking and finance sector in Africa. This year’s ...
Kenya
Kenya: Depositors From Three Banks Under Liquidation to Benefit From Payments From KDIC
The Kenya Deposit Insurance Corporation(KDIC)’ has announced payments to depositors and creditors in collapsed Dubai Bank, Euro Bank, and Kenya Finance Bank as ...
News
Uganda: Ugandan fin-tech company wins continental award
The Ugandan financial technology company eMaisha Pay has been named the winner of the Catapult: Inclusion Africa Award for 2022. The highly ...
News
Nigeria: AXA Mansard delivers N3.7 billion profit in 2021
Nigerian insurance provider, AXA Mansard Insurance Plc has delivered a N3.7 billion profit for the year 2021, a 17% decline from N4.5 billion ...
News
Tanzania: Tira Wants Banks to Seize Insurance Opportunities
The country banks and other financial institutions have plenty of opportunities to exploit in the insurance sector and spur immensely national socio-economic development. ...
News
Nigeria: Fidelity Bank Plc increases its dividend payout by 59% in 2020
Nigerian lender, Fidelity Bank Plc has announced a dividend payment of N0.35 kobo per 50 kobo ordinary share for the financial year ended ...