Category archives for: Finance

World Council Project in Africa Cited as Example of How Credit Union Industry is Expanding Financial Inclusion

July 9, 2020//-The chair of the national agency that regulates United States’ credit unions cited the work World Council is doing to expand financial inclusion in Africa during a July 8 webinar presentation to the Institute of International Bankers (IIB).

EMY Africa Named Mrs Abiola Bawuah As Woman of the Year

Accra, Ghana, July 7, 2020//-The Exclusive Men of the Year Africa Awards (EMY Africa Awards) has named Mrs Abiola Marufatu Bawuah, the Regional CEO West Africa of the United Bank for Africa (UBA) as the Woman of the Year at the 5th Annual EMY Africa Awards held over the weekend.

UBA Group Appoints Deputy Managing Directors for Nigeria and Africa

Lagos, Nigeria, July 7, 2020//-United Bank for Africa Plc (UBA), the leading pan-African financial services group, today announced the appointments of Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, respectively.

Coronavirus: Chance to Improve Exposed Weaknesses of Africa’s Banking System

July 7, 2020//-COVID-19 has disrupted the global economy with the uprooting of supply chains. The decades-long, single-minded focus on optimising supply chains helped the world minimize costs, reduce inventory, and boost asset utilisation.

African Banking After The COVID-19 Crisis

June 30, 2020//-New analysis by McKinsey suggests that the COVID-19 crisis could result in African banking revenues falling by 23 to 33 percent between 2019 and 2021.

Ecobank Nigeria Extends Zero Charge for Digital Money Transfers

Lagos, Nigeria, June 26, 2020/ — Ecobank has extended its zero-charge fee for digital money transfers below N5,000 till the end of September this year.

Financial Conditions Have Eased, but Insolvencies Loom Large

June 25, 2020//-Amid the human tragedy and economic recession caused by the COVID-19 pandemic, the recent surge in risk appetite in financial markets has caught analysts’ attention. 

BoG Governor Appears Before PAC After Threat to Cause His Arrest

Accra, Ghana, June 24, 2020//-The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, appeared before Parliament’s Public Accounts Committee (PAC) today, Wednesday, June 24, 2020.

ASEPA: 42,850 Ghanaians Lose Jobs Due to Ghana’s Financial Sector Cleanup

Accra, Ghana, June 23, 2020//-Ghana’s based Alliance for Social Equity and Public Accountability (ASEPA) today revealed that 42,850 Ghanaians have lost their jobs to the country’s financial sector cleanup embarked upon by the Bank of Ghana (BoG) in 2017.

Sarfowaa Duncan Drops Banking Job To Pursue Entrepreneurial Dream

Accra, Ghana, June 23, 2020//-Ms Sarfowaa Duncan, a young Ghanaian has dropped a high-paying banking job to pursue her entrepreneurial dream to the surprise of many.

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