Category archives for: Banking & Finance

UK Banks Exposed to Money Laundering in South Africa

October 19, 2017//-UK banks may have been used to launder money stolen from South Africa, a former cabinet minister has alleged in a letter to Chancellor Philip Hammond.

AFC Signs Master Cooperation Agreement with IFC

Lagos, Nigeria, October 18, 2017//- Africa Finance Corporation (AFC) has this month become the 30th member of the Master Cooperation Agreement (MCA) at the World Bank’s Annual Meetings in Washington DC.

CEO of Agence Française de Développement Gets New Appointment

Paris, France, October 17,  2017 – Rémy Rioux, Chief Executive Officer of Agence Française de Développement, has been appointed Chairperson of the International Development Finance Club (IDFC) in Washington, USA.

UBA’s Nine Months Profit Grows by 33% to N78 Billion

Lagos, Nigeria, October 17, 2017//-United Bank for Africa (UBA) Plc on Monday reported gross earnings of N333.9 billion and profit before tax(PBT) of N78.3 billion for the nine months ended September 30, 2017.

UK Bank Denies Linking Asantehene to Money Laundering

October 16, 2017//-UK-based Ghana International Bank Public Liability Company has denied linking the Asantehene, Otumfuo Osei Tutu II to any act of money laundering.

Tony Elumelu Foundation Wraps Up 2017 Entrepreneurship Forum  

  Lagos, Nigeria, October 14, 2017 – The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to supporting entrepreneurship, has wrapped its 3rd annual TEF Entrepreneurship Forum on 14th of October 2017 in Lagos.

Elumelu: African Leaders Should Focus on Creating the Enabling Environment  

  Lagos, Nigeria, October 14, 2017//-African philanthropist Tony Elumelu, has urged African leaders across the continent to continue to focus on creating the enabling environment for businesses to thrive.

UK Bank Apologises to Asante King

The Ghana International Bank has admitted it erred with some claims it made against the Asantehene as part of its defense in a case before a UK employment tribunal.

Maiden National General Insurance Conference Slated for Oct. 19  

  Accra, October 12, 2017 – The Ghana Insurers Association (GIA), under the auspices of the General Insurance Council (GIC), will hold the first-ever National General Insurance conference on the 19th of October, 2017.

Access Bank Secures Additional Investment for Ghana Operations

Access Bank Plc, the majority shareholder of Access Bank Ghana, which is ranked as one of the top three banks in Nigeria and amongst the top 20 banks in Africa by assets and capital, has announced its intention to inject additional capital into the Bank’s operations in Ghana before end of Q1 in 2018 after […]

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