Bank - Page 2
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...
A new type of bank fraud uncovered by Police
Police in Uganda have revealed a new wave of crime in financial institutions where bank officials conspire with conmen to siphon money out of...
Way too many Zeros
Zimbabwe’s economy is unravelling at such a pace that the central bank is set to slash yet more zeroes from the country’s increasingly worthless...
34.8% rise in Nigerian banks assets and liabilities in a month
Total assets and liabilities of Nigeria's 24 deposit money banks (DMBs) amounted to 13.6 billion naira at the end of April, representing an increase...
Zimbabwe’s record breaking denominations get a boost
Zimbabweans today woke up to two sets of news.
from our correspondent in Harare
Firstly, the much awaited presidential run off would only...
Nigerian bourse records downturn
Transactions on the floor of the Nigerian Stock Exchange (NSE) at the end of the past week finished low, as 2.63 billion shares valued...
Mobile bank for every African pocket?
With most formal banks inaccessible to many Africans, the service of mobile phone banking is expanding to the poor on the continent. Africa Renewal’s...
Zimbabwe’s Attorney-General arrested
Zimbabwe's Attorney-General Sobusa Gula-Ndebele was arrested Thursday for behaviour inconsistent with his office, after he allegedly met a man on a police wanted list...