Cairo, Egypt//- African Export-Import Bank (Afreximbank), in collaboration with the United Nations Economic Commission for Africa (ECA), the African Development Bank (AfDB) and Making Finance Work for Africa Partnership (MFW4A) released the African Trade Finance Survey Report.
Lagos, Nigeria//-Pan African financial institution, United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2021, showing impressive double-digit growth across most of its major income lines.
Annual financial reports posted by commercial banks in Ghana, indicate that foreign-owned banks have made profits in excess of 185.5 percent in 2020 compared to that made by indigenous banks, a development banking consultant, Dr. Richmond Atuahene, attributes to good corporate governance structures of the foreign banks.
The Central Bank of Kenya (CBK) has approved the liquidation of the assets of Chase Bank under receivership that was left out in the SBM Bank buyout two years ago.
Lome, Togo/ — Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group (www.Ecobank.com), has appointed Dr Tomisin Fashina as its new Group Executive for Operations & Technology.
The first African Financial Industry Barometer, developed in partnership with the Africa CEO Forum, reveals in exclusivity how, in the exceptional context of the pandemic, financial institutions operating in Africa are undertaking a transformation of their business model, governance and risk management capabilities.
Rapid vaccine rollout in the United States and passage of its $1.9 trillion fiscal stimulus package have boosted its expected economic recovery.
Despite the huge challenges, the African banking sector deserves a great deal of praise for the way it has responded to the crisis.
Across the continent, traditional banks have lost out to mobile money providers during the pandemic, but can the industry benefit from the challenges?
The sudden and severe crisis brought on by the COVID-19 pandemic has dealt a cruel blow to African countries, threatening the lives and livelihoods of millions and causing a rapid economic contraction.
