In a recent public statement, the African Export-Import Bank (Afreximbank) announced it would terminate its credit rating relationship with Fitch Ratings. The rationale for this decision was particularly striking.
Category: Banking & Finance
AD Ports Group Secures $115M Financing Led by IFC and NBK – Egypt to Advance Safaga Terminal
Abu Dhabi, UAE//- AD Ports Group (ADX: ADPORTS), a leading global enabler of integrated trade, industry and logistics solutions, has finalised a USD 115 million project finance facility to support the development of the Noatum Ports – Safaga Terminal in Egypt, reinforcing the Group’s long-term commitment to expanding critical port and logistics infrastructure across its key focus international […]
UBA Ghana Pays Courtesy Call on Ga Mantse
Accra, Ghana//-United Bank for Africa (UBA) Ghana Ltd has paid a courtesy call on the Ga Mantse, His Royal Majesty King Tackie Teiko Tsuru II, to informally introduce the Bank’s newly appointed executive leadership.
All MPs Have Bought Votes Before, And So What?
Those arguing spiritedly and asking which of our MPs in Parliament today haven’t done this or that before should stop that argument.
UBA Group Announces Loknath Mishra As CEO UBA UK
Africa’s Global Bank, United Bank for Africa (UBA), has announced the appointment of Loknath Mishra as Chief Executive Officer of UBA UK.
Afreximbank Announces Top 8 Finalists for its Flagship Accelerator Program
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced the selection of the top 8 finalists of the first cohort for its pioneering Afreximbank Accelerator Program.
Ghana Cedi Likely to Remain Stable in 2026
Manager of Macroeconomic Research at GCB Bank PLC, Courage Boti, says he does not expect the cedi to record any significant appreciation in the near term, citing improving macroeconomic stability rather than further gains.
Bank of Ghana Sets GH¢100 Million Minimum Capital Requirement for New Microfinance Banks
The Bank of Ghana (BoG) has announced a significant increase in the minimum capital requirement for institutions seeking to operate as Microfinance Banks (MFBs), setting the new threshold at GH¢100 million.
Bank of Ghana Cuts Poly Rate to 15.5% Amid Stable Inflation, Economic Growth
The Monetary Policy Committee of the Bank of Ghana has further eased monetary policy by cutting it by 250 basis points to 15.5% from 18%, citing improved macroeconomic conditions and sustained growth momentum.
Ghana Uncovers WhatsApp Web Scam Targeting Bank, MoMo Users
Accra, Ghana//-Ghana’s Cyber Security Authority (CSA) has uncovered a dangerous cyber attack scheme in which criminals are exploiting WhatsApp Web to steal banking credentials and one-time passwords (OTPs), including mobile money verification codes, from unsuspecting users in Ghana.