News
South Africa: South Africa’s Absa Bank Appoints New CEO
South Africa’s Absa Bank Group has appointed Arrie Rautenbach as its new CEO effective immediately. Rautenbach had currently been serving as Absa’s head ...
News
Zimbabwe: RBZ Auction Allots U.S.$37, 6 Million As Industry Backs Zimdollar
The Reserve Bank of Zimbabwe Foreign Exchange Auction this week allotted US$37,6 million amid calls by industry for the wider usage of the ...
News
Nigeria: Ecobank reports highest annual growth in profit, up 334% to N146 billion in FY 2021
Pan-African lender, Ecobank Plc, has released its 2021 full-year financial result, which revealed a profit of N146.33 billion in 2021. This reflects a ...
Nigeria
Nigeria: Bill seeking to boost tech startups in Nigeria passes second reading at senate
A bill seeking to enhance technology-based startups in Nigeria has passed second reading at the senate. The bill passed second reading after Abdullahi ...
Ghana
Ghana: BoG puts on offer $100m to dealers in Foreign Exchange Forward Auction
The Bank of Ghana is offering $100 million to dealers in a Foreign Exchange Forward Auction limited to the 30 day tenor today, ...
Innovation
Morocco: DabaDoc and Orange Launch a Unique Medical Video-Consultation Service for Families in the African Diaspora
The new launch falls squarely in line with Orange’s strategy to put digital technology at the service of everyone’s health in Africa DabaDoc ...
News
Nigeria: Federal Commission Freezes Accounts of Digital Money Lenders
The Federal Competition and Consumer Protection Commission (FCCPC), says it has frozen no fewer than 30 bank accounts operated by illegal loan organisations. ...
Africa
At least 40 African countries print their money in the UK, France and Germany
The article, published by German public international broadcaster Deutsche Welle, found that more than two-thirds of Africa’s 54 countries print their money overseas, mostly ...
Morroco
Morocco: Morocco’s Al Mada launches pan-African $109.5 million VC fund
Morocco’s Al Mada Holding Group announced earlier this week launching a pan-African venture capital to invest in fast-growing startups on the continent. With ...
Kenya
Kenya: CBK suspends Ecobank for breaches in forex market
The Central Bank of Kenya(CBK) yesterday suspended Pan African lender, Ecobank from foreign exchange trading—the second such action against a commercial bank in ...