Category archives for: Banking & Finance

UBA Introduces Banking on WhatsApp and Facebook for the First Time in Ghana

Accra, Ghana, May 4, 2020//-United Bank for Africa Ghana Limited has pioneered a new way of banking through a chatbot called Leo on WhatsApp and Facebook Messenger.

Egyptian Bank Enters East Africa Through Kenya

May 4, 2020//-Commercial International Bank (CIB), Egypt’s largest private sector lender by assets, is targeting more buyouts in East Africa after completing acquisition of Kenya’s Mayfair Bank Ltd (MBL).

Securing Access To Financial Services For Vulnerable People During COVID-19

May 1, 2020//-Managing the COVID-19 health crisis and the economic recovery ahead requires substantial financial resources.

Pandemic Slashes Forex Reserves To Two-year Low

April 30, 2020//-The Central Bank of Kenya’s foreign exchange reserves fell to a more than two-year low last week closing Friday at $7.858 billion (Sh832.9bn billion).

V-shaped Economic Revival fueled By Fear Of Missing Out

April 30, 2020//-The Fear Of Missing Out (FOMO) is likely to drive financial markets significantly higher in the coming weeks, predicts the CEO of one of the world’s largest independent financial advisory organisations.

AfDB Approves $40 Million Package for Angola’s Banco to Support SMEs

Abidjan, Ivory Coast, April 29, 2020/ — The Board of Directors of the African Development Bank (AfDB) has approved a $40 million financial package to support Angola’s Banco Millennium Atlântico (BMA) to bolster local production and job creation through its portfolio of small and medium-sized enterprises (SMEs).

Africa Finance Corporation Strengthens Its Board

Lagos, Nigeria)– Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, today announced the appointment of Dr. Kingsley Obiora as its new Chairman as well as the appointment of Henry Oroh, Ms. Soula Proxenos, and Batchi Baldeh Non-Executive Directors.

COVID-19 Crisis Poses Threat to Financial Stability

April 28, 2020//-The COVID-19 pandemic has caused an unprecedented human and health crisis. The measures necessary to contain the virus have triggered an economic downturn. At this point, there is great uncertainty about its severity and length. 

Shaping and Safeguarding the Banking Workforce After COVID-19

April 28, 2020//-Financial leaders today face a pivotal moment. Most responded to the COVID-19 pandemic without the luxury of time to consider implications on longer-term sustainability.

East Africa Stockbrokers Most Expensive In Africa, Repulse Investors

April 27, 2020//-East African countries run the most expensive stockmarkets on the continent, with a bulk of trading costs related going to brokerage fees.

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