Ugandans living abroad can now send money home to their families and friends through Centenary Bank accounts countrywide following a partnership with the digital money transfer firm, WorldRemit.
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Egyptian investment bank EFG Hermes looks to invest in renewable energy projects totaling 400-500 MW in the 3 upcoming years, in the country.
Four top Kenyan banks will have to increase their loan loss provisions by Ksh36 billion ($360 million) under the new accounting regulations, which take effect in a week's time.
MOBILE money customers can now withdraw cash through Automated Teller Machines (ATMs), thanks to technology advancement. The technology excludes mobile phone money agents and enable customers to make transactions twenty four hours a day, which is a big relief as most money agents open shops late and close earlier.
The Central Bank of Nigeria (CBN) said it would soon release more funds at not more than five per cent interest rate for farmers to acquire agriculture equipment, to enhance their productivity. Governor of the apex bank, Godwin Emefiele, stated this yesterday, during the official commissioning of the MITROS Rice processing factory and formal launch of the rice, in Abeokuta, Ogun State.
The Reserve Bank of Zimbabwe (RBZ) on Thursday warned the public against the use of virtual currencies such as Bitcoin because of the risks involved.
Togo-based holding, Ecobank, has raised $200 million on the international debt market, via a syndicated debt.
East Africa's deposit insurers have started sharing information on best practices as a first step towards merging the rules and regulations governing the protection of depositors' cash in the region.
The Tanzanian President, John Magufuli, instructed the Central Bank of the country to take actions against the failing banks and strengthen control on foreign exchange movements in order to protect the local currency (Tanzanian Shilling).
National Treasury and the Financial Services Board (FSB) have published regulations to improve customer experience in the insurance services sector.
KCB Group #ticker:KCB is set to introduce a biometric access system that will allow customers to use their fingerprints and voice to securely log into their accounts, including getting services at ATMs.
The Association of Investment Advisers and Portfolio Managers, IAMP, have called on the regulatory agencies in the capital market to be more proactive in investigating reported cases of infraction among market operators in order to safeguard investors' interest.