Category archives for: Banking & Finance

Kenya Loses Race to Host $30M AfreximBank office

Nairobi, Kenya, July 21, 2018//-Kenya’s reluctance to grant the African Export Import Bank (Afreximbank) diplomatic status has forced the agency to move its Ksh3 billion ($30m) regional headquarters to Uganda, denying Nairobi the benefits that come with hosting such prominent international organisations.

Nigeria-China Currency Swap Deal: CBN Begins Chinese Yuan Sales

July 20, 2018//-The Central Bank of Nigeria (CBN) on Friday launched the sale of foreign exchange in Chinese Yuan (CNY) signalling the consummation of the Nigeria-China Currency Swap Agreement.

Ecobank Appoints New MD & Regional Executive Designate for Nigeria

Lome, Togo, July 19, 2018/ — The Board of Directors of Ecobank Transnational Incorporated (ETI) has announced the appointment of Patrick Akinwuntan as the Managing Director & Regional Executive – designate for Ecobank Nigeria, subject to applicable regulatory approvals. 

UBA Ghana Rewards Winners in its Mastercard Promo

Accra, Ghana, July 19, 2018//-The grand final ceremony of United Bank for Africa  (UBA) Ghana’s MasterCard Promotion  has been held in Accra, with  Aidoo Albert Owuraku emerged as the overall winner.

Nigeria to Prosecute Commercial Banks, Staff Over Money Hawking

  July 19, 2018//-The Central Bank of Nigeria (CBN), has threatened to prosecute any commercial bank or any of its staff involved in money hawking.

GN Bank Concludes Merger Talks with Sahara Bank, Premium Bank

Accra, Ghana, July 17, 2018//-Credible information reaching African Eye Report reveals that GN Bank, Sahel Sahara Bank and Premium Bank have concluded negotiation to merge as the Bank of Ghana’s minimum capital requirement deadline draws to close.

Future of Kenya’s Small Banks Murky as Bigger Rivals Swoop on projects

July 17, 2018//-Kenya is looking for strong banks that are capable of withstanding shocks to finance large infrastructure projects, a move that has left the future of about 20 small banks hanging in the balance.

Bank of Ghana Stops Four Investors from Acquiring adb Shares

Accra, Ghana, July 16, 2018//-The Bank of Ghana(BoG) today annulled the acquisition of shares in adb Bank limited held by four investors namely Belstar Capital, Starmount Development Company Limited, SIC Financial Services and EDC Investments Limited.

Which Way for Interest Rates in Kenya?  

July 13, 2018//-Interest rate caps can have far-reaching consequences on the composition and maturity of commercial bank loans and deposits. From both a policy and research standpoint, it is important to understand the mechanisms behind such impacts and the channels through which they affect various players in the financial sector.

UBA Emerges Best Institution in Digital Banking in Africa

July 12, 2018//-Pan-African financial services group, United Bank for Africa Plc, has once again made an addition to its growing list of enviable laurels as it was named Africa’s best bank  in the Digital category at the prestigious Euromoney awards in London. 

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