Bank
Nigeria’s oil giant shell rejects oil spill charge on Nigerian four farmers
Claims by four Nigerian farmers over oil spills ruining their livelihoods by the Anglo-Dutch oil giant Shell has been rejected.
The oil giant Shell has...
General Dogbo Blé Brunot risks a life imprisonment
General Dogbo Blé Brunot, the former head of the Ivorian Republic Guard, under the regime of Laurent Gbagbo, faces trial on October 2 in...
GUINEA RELIEF OF ITS DEBTS
Guinea has been relief of a debt of over 2.1 billion this Wednesday and has now been removed from the list of highly indebted...
Morocco: Bombardier Aerospace implanted in Nouaceur
The president of Bombardier Aerospace Guy Hachey was received Tuesday by King Mohammed VI in Rabat palace. The Canadian group in Morocco ...
Tunisia: Arrests, resignations and Swiss bank accounts
Less than a week after authoritarian leader President Zine al-Abidine Ben Ali fled Tunisia, the north African country's new government has undergone radical changes....
Millions in Tanzania and Malawi using mobile phone banking
In African countries such as Tanzania and Malawi, mobile telephones are taking a first step into the formal financial system. Almost 1 million active...
Ethiopia: High remittance figures from World Bank ridicule national statistics
The World Bank has challenged the National Bank of Ethiopia’s remittance inflow figures after a recent study indicated that the country receives at least...
A Snap shot of the World Bank and IMF Annual Meetings: How to achieve a world without poverty!
The World Bank and the IMF have not had many friends in the developing world since post-Structural Adjustments days, when their advice and interventions,...
Mobile Phone banking and insurance transforming the world
Global cellular phone coverage has far outpaced the expansion of essential services such as water and electricity, as well as access to financial services....
Ethiopia: European Investment Bank’s clarification of involvement in Gibe 3 project
The European Investment Bank confirms that it is no longer involved in the Gibe III hydroelectric project as the Ethiopian government has found alternative...
Zimbabwe bank robbers with South African connections?
Zimbabwe Central Bank has issued a warning to all banks to tighten security surrounding cash after a series of high profile robberies. They have...
The Folly of African Entrepreneurship
Zimbabwe, like most developing African countries burdened with the yoke of authoritarian oppression, force-feeds citizens with policy prescriptions only meant to satisfy political egos...
Zimbabwe: Mugabe to denounce corrupt Central Bank officials?
The ongoing looting of Reserve Bank of Zimbabwe (RBZ) assets by an elite clique of senior government officials has forced President Mugabe to act.
RBZ,...
Ethiopia: Trade and Industry Ministry sound concerns over foreign investments
Ethiopia has sounded its concern over foreign investors’ failure to actualize their investment projects, a Trade and Industry Ministry report sent to the country's...
Kenya: Political risks could kill inspiring local investment models
Across the continent, Africans are saving and investing more of their own money but you won’t find them at the bank. According to the...
Nigeria: Central Bank governor faces harsh criticism after bank crackdown
Nigerian Central Bank governor has defended his largely criticized banking reforms that shook the country’s monetary sector and claimed the jobs of five bank...
Nigeria: Financial system under reconstruction
Nigerian state governors, company chiefs and business gurus face arrest and imprisonment should they fail to pay up their debts to troubled banks, as...
Tanzania: First Women’s Bank begins operations
The Tanzania Women's Bank (TWB) was inaugurated on July 28 in Dar es Salaam, Tanzania. This pioneering initiative, the first of its kind in...
Zimbabweans abandon banks after Gono’s disastrous policies
Zimbabweans have little trust in the local banking sector as they continue to keep money away from banks as memories of them losing their...
Ethiopia: Indian bank to open African office in Addis
The Export and Import Bank (EXIM) of India has been negotiating with officials of the Ethiopian government to open its East African branch in...
Ethiopia: NBE fails to contain monetary growth target
The Federal Government of Ethiopia has set an ambitious target to reduce the country’s monetary supply in line with its agreement with the International...
Developing economies will fare better in 2010
The global economy will contract by 1.3 percent in 2009 in the most severe recession since World War II, the International Monetary Fund (IMF)...
Nigeria Central Bank battles to rescue local currency
The Nigerian government is taking measures to save the Country's currency from further nosediving against the U.S dollar as Nigerians lament on the hardship...
African commercial banks get a “bail-out” fund
African commercial lenders and central banks will be able to access an emergency $1.5bn “bail-out” facility set up by the African Development Bank in...
Ethiopian bankers welcome “temporary” measures
Sufian Ahmed, Ethiopian Finance and Economic Development Minister, has indicated that the Central Bank's tightening of lending to the private sector is a...
Ethiopian banks consolidate efforts to save economy
Ethiopian bankers have welcomed efforts by the central bank to put stringent curbs on foreign currency reserves and pledged to continually share information on...
Moroccan group buys French bank out of West and Central Africa
Maghreb's leading banking and financial group, Attijariwafa Bank (AWB), will in 2006 hold 59% of the share capital of the Union Gabonaise de Banques...
Africa’s hidden wealth and the Banking challenge
What if wealthy Africans decided to invest their earnings in Africa instead of overseas? What if the 80 per cent of Africans who don’t...
Central Bank of Nigeria moves to save crumbling banks
According to reports, the Governor of the Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, has vowed to the Nigerian Senate that no bank...
Kenya : Mobile phones to serve as credit cards
Kenya's Central Bank Governor Njuguna Ndung'u has welcomed the launch of the country's first formal mobile banking services unveiled Thursday to target millions of...