Ethopia
Ethiopia: MasterCard, EthSwitch partner to boost digital payments adoption in Ethiopia
Ethiopia’s national payment switch EthSwitch, has signed a Memorandum of Understanding (MoU) with Mastercard that will enable financial institutions across Ethiopia to boost ...
Ghana
Ghana: Charges undisclosed to borrowers in loan agreements null and void – BoG
The Bank of Ghana (BoG) has announced that charges that are not disclosed to a borrower in a loan agreement should be considered ...
Kenya
Kenya: Banks enter full compliance with stricter capital rules
The five-year reprieve that allowed banks to avoid making provisions for some loans has come to an end, with the lenders now set ...
News
Nigeria: CBN Set to tighten KYC in the Nigerian Financial System
The Central Bank of Nigeria (CBN) has recently made an announcement to address the increasing incidents of fraud in the financial sector. As part of ...
News
Nigeria: Fidelity, FCMB, 6 Banks Get CBN’s Approval to Operate Internationally as Others Get National, Regional Status
The CBN says there are eight commercial banks in Nigeria licensed to operate outside the country. The apex bank also provided a breakdown ...
News
Nigeria: Sterling Bank Changes to Holding Company, Unveils Two Banking Subsidiaries, Gets CBN Approval
Sterling Bank Plc announced on Thursday, April 6, 2023, that it had completed an essential step in its ongoing efforts to shift from ...
Africa
Africa: AfDB appoints new Vice President
The new appointee is a seasoned senior executive with close to 31 years of experience The African Development Bank has announced the appointment of Marie-Laure ...
News
Nigeria: CBN to Close Millions of Bank Accounts in Access, UBA, Zenith, First Bank, and Others
The Central Bank of Nigeria (CBN) has announced plans to close millions of bank accounts across various financial institutions that are not linked to a ...
News
Zambia: IMF, Zambia Reach Agreement on Extended Credit Facility
An International Monetary Fund (IMF) has reached staff–level agreement with Zambia on an extended credit facility window to support the country’s economic position. ...
Global
Zambia: Zambia signs Memorandum of Understanding with Liquid Intelligent to accelerate digital transformation
The race for digital transformation is in full swing on the continent. Governments are increasingly opting for public-private partnerships to accelerate their countries’ ...