Tag: African Banking

Bank of Mozambique
BusinessGlobal News

Bank of Mozambique eases reserve rules to boost local production and exports

Mozambique’s central bank offers banks reserve relief of up to 110% to finance local production, replace imports and expand exports.

Oluwatosin Alao Oluwatosin Alao
JPMorgan Chase
BankingBusiness

JPMorgan’s Nigeria expansion advances with $38 million deposit

JPMorgan Nigeria banking license moves closer as the US banking giant deposits N50 billion ($38 million) with Nigeria's central bank.

Timilehin Adejumobi Timilehin Adejumobi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BankingBusiness

Access Bank Namibia secures full banking license from BoN

Access Bank Namibia banking license clears the lender to accept deposits and offer banking services after a nearly two-year approval.

Timilehin Adejumobi Timilehin Adejumobi
Banque Misr
BankingBusiness

Egypt’s NBE set to acquire Banque Misr’s UAE banking operations

NBE Banque Misr acquisition gets UAE preliminary approval as Egypt combines its banks’ UAE operations amid US pressure.

Timilehin Adejumobi Timilehin Adejumobi
Azania Bank,Tanzania
BusinessBanking

Azania Bank secures $10 million Afreximbank facility for Tanzanian SMEs

Azania Bank secures a $10 million facility from Afreximbank to expand SME financing and support Tanzanian exporters.

Timilehin Adejumobi Timilehin Adejumobi
EIB and Centenary Bank Malawi Ceremony
BusinessHot News

Malawi’s small farmers to benefit from $8.6 million EIB funding

EIB Malawi financing will provide $8.6 million to support small farmers and agri-food businesses through Centenary Bank.

Timilehin Adejumobi Timilehin Adejumobi
CaixaBank
BusinessHot News

CaixaBank’s BPI exits Angola with $452 million BFA stake sale

BPI exits Angola with a $452 million BFA stake sale to Congolian Financial, ending CaixaBank’s Portuguese unit’s banking exposure.

Timilehin Adejumobi Timilehin Adejumobi
Bank of Kigali
BusinessHot News

Rwanda’s BK Group sells insurance unit for $21 million in strategic deal

BK Group insurance sale transfers its Rwanda insurer to RSSB for $21 million as the financial group refocuses on banking and investment.

Timilehin Adejumobi Timilehin Adejumobi
Nedbank
BusinessHot News

Kenya Central Bank clears Nedbank’s 66% acquisition of NCBA

Nedbank NCBA acquisition wins Kenya approval, clearing a key hurdle for the South African bank’s planned 66% stake in NCBA.

Timilehin Adejumobi Timilehin Adejumobi
Angolan Kwanza
BusinessHot News

South Africa expands cross-border payments with Angolan Kwanza

South Africa cross-border payments expand as Angola’s kwanza joins SADC-RTGS, opening a faster route for regional trade and banking.

Timilehin Adejumobi Timilehin Adejumobi
ProvidusUnity Bank
BusinessHot NewsTechnology

ProvidusUnity Bank begins operations after landmark Nigeria bank merger

ProvidusUnity Bank began operations after the merger of Providus Bank and Unity Bank, expanding digital banking and financial inclusion.

Oluwatosin Alao Oluwatosin Alao
Ecobank Group 38th AGM
BusinessHot News

Ecobank advances turnaround plan for Nigerian banking unit amid capital pressure

Ecobank Nigeria turnaround plan addresses capital shortfall, rising NPLs and CBN requirements at its Nigerian unit.

Timilehin Adejumobi Timilehin Adejumobi