Ghana
Ghana: IMF Greenlights $600 Million Payout to Ghana Within Loan Program
The International Monetary Fund’s board granted approval for the initial review of Ghana’s loan program on Friday, resulting in the immediate disbursal of ...
News
Bank of Uganda Liquidates EFC Uganda and Revokes License
The Bank of Uganda has taken decisive action by liquidating and revoking the license of Entrepreneurs Financial Center (EFC) Uganda, leading to its ...
Global
Global: ICBC Set to Pay $32.4 Million to US Regulators for AML Lapses and Supervisory Information Disclosure
The Industrial and Commercial Bank of China Ltd (ICBC) and its New York branch are slated to pay $32.4 million in penalties due ...
News
Zimbabwe: RBZ Governor Mangudya Asserts Temporary Nature of Zimbabwe’s Currency Turmoil
Zimbabwe’s recent currency turmoil, particularly evident on the parallel market in the past three weeks, is deemed “temporary,” according to the Reserve Bank ...
News
Uganda: Access Bank to Acquire 80% Stake in Ugandan Finance Trust Bank
Access Bank, a flagship subsidiary of Access Holdings Plc, has initiated a transaction to acquire a majority equity stake, approximately 80%, in Uganda-based ...
Global
Global: Vodafone and Microsoft Forge $1.5 Billion Cloud and GenAI Partnership
Vodafone has entered into a groundbreaking agreement with Microsoft, pledging a $1.5 billion investment over the next decade to foster the development of ...
Global
Global: U.S. Banks Rally to Revise Basel Capital Rule Amidst Growing Opposition
On Tuesday, U.S. banks are set to advocate for a significant overhaul of a draft rule on bank capital in their ongoing efforts ...
Global
Global: RBI Proposes Draft Framework for Fintech Self-Regulatory Body in India
The Reserve Bank of India (RBI) has released a draft framework urging Indian financial technology (fintech) firms to establish a self-regulatory organization (SRO) ...
Global
Global: European Consumers Prefer Card Networks and PayPal for Everyday Apps Over Banks and FinTechs
The rising reliance on apps and connected devices globally has fueled consumer demand for an all-encompassing everyday app seamlessly integrating banking, shopping, and ...
News
Nigeria: Fitch Places Union Bank on Negative Rating Watch Following CBN Intervention
Fitch Ratings has taken action on Union Bank of Nigeria PLC’s (UBN) Issuer Default Ratings (IDRs), Viability Rating (VR), and National Ratings by ...