Accra, Ghana//-The Commercial Division of the Accra High Court has rejected the terms of settlements reached between state prosecutors and the founder of Capital Bank, William Ato Essien.
Accra, Ghana//-The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) today increased its policy rate by 2.5 percentage points to 27%, highest nearly in a decade.
Fire and explosion incidents cause the most expensive insurance claims in the marine industry, while at a time of rising exposures and inflation, cargo damage is the most frequent cause of loss, according to Allianz Global Corporate & Specialty (AGCS).
Abidjan, Ivory Coast, November 17, 2022/ — The Board of Directors of the African Development Bank Group (AfDB) (www.AfDB.org) approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across sub-Saharan Africa over […]
Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, has met with some clients of the bank in the Bono Region capital of Sunyani as part of the bank’s commitment of building strong partnerships that spur growth in different sectors of the Ghanaian economy.
The former Chief Executive Officer of defunct Beige Bank, Michael Nyinaku has been accused of stealing monies that belonged to the customers of the bank.
Johannesburg, South Africa//-Dalu Ajene has been appointed Chief Executive Officer of Rand Merchant Bank (RMB) Nigeria (www.RMB.co.za) from the 1st of November 2022 and aims to facilitate greater foreign capital flows, while working to deliver constructive solutions to leading businesses across critical sectors in Nigeria.
Lagos, Nigeria//-Financial risks, including currency depreciation and inflation, is topping the list of challenges facing the 54 African economies in the year ahead. That’s according to a new survey of the continent’s leading insurance professionals, conducted by the pan-African reinsurer, Continental Reinsurance.