South Africa’s only fully fledged Islamic bank, Al Baraka, sanctioned by regulator

Albaraka Bank faces R1.6 million ($99,150) in penalties from South Africa’s Prudential Authority over cash reporting, suspicious transactions and compliance failures.

Feyisayo Ajayi September 12, 2026

Business Hot News

South African Reserve Bank fines Michiel Le Roux’s Capitec Bank $1.74 million

South Africa’s central bank fined Capitec R28 million ($1.74 million) for customer due diligence, employee training and anti-money laundering control failures.

Feyisayo Ajayi September 12, 2026

Business Global News

Rwanda secures $80 million to expand financing for small businesses

Rwanda has secured $80 million in concessional financing to expand affordable credit for MSMEs and strengthen private-sector resilience.

Oluwatosin Alao September 11, 2026

Tourism Business

Accor sets sights on 25,000 new hotel rooms across Egypt

Accor plans to add 25,000 hotel rooms in Egypt within three years, expand its brands and support hospitality training through a new academy.

Oluwatosin Alao September 11, 2026

Business Hot News

Coca-Cola HBC cleared to merge with CCBA, expanding its Africa reach

Coca-Cola HBC wins approval to acquire 75% of CCBA, expanding its African bottling reach and backing South Africa with a $1.09 billion investment.

Oluwatosin Alao September 11, 2026

Tag: Albaraka

South Africa’s only fully fledged Islamic bank, Al Baraka, sanctioned by regulator

South Africa’s only fully fledged Islamic bank, Al Baraka, sanctioned by regulator

South African Reserve Bank fines Michiel Le Roux’s Capitec Bank $1.74 million

Rwanda secures $80 million to expand financing for small businesses

Accor sets sights on 25,000 new hotel rooms across Egypt

Coca-Cola HBC cleared to merge with CCBA, expanding its Africa reach

South Africa’s only fully fledged Islamic bank, Al Baraka, sanctioned by regulator

South African Reserve Bank fines Michiel Le Roux’s Capitec Bank $1.74 million

Rwanda secures $80 million to expand financing for small businesses

South Africa’s only fully fledged Islamic bank, Al Baraka, sanctioned by regulator

South African Reserve Bank fines Michiel Le Roux’s Capitec Bank $1.74 million

Rwanda secures $80 million to expand financing for small businesses

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