Stakeholders in the insurance sector should exercise a high level of integrity and honesty to ensure a steady and sustainable growth of the business, according to Saul Seremba, the CEO of the Insurance Institute of Uganda (IIU).
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The Central Bank of Nigeria (CBN) has called on banks to collaborate with financial technology companies (Fintechs) to improve the level of financial inclusion in the country.
Bank of Uganda says mobile telephone companies' financial services charges are high.
Africa: Khartoum Stock Exchange's Manager - Our Participation in African Stock Exchanges' Federation Has Created State of Harmony Between African Stock Exchanges
The Director General of Khartoum Stock Exchange Dr. Azhari Al-Tayib Al-Faki has said that their participation in the Federation of African Stock Exchanges has created a state of harmony between the African stock exchanges through a variety of experiences and exchange of visions and concepts that lead to great development in the work.
Arab International Lease (AIL), a Tunisian leasing firm, has raised five million Tunisian dinars ($2 million) on the local bond market, to reinforce its financial structure and expand.
The number of borrowers from Rwandan commercial banks has dropped, as customers migrate to microfinance institutions to avoid the former's stringent credit conditions.
In a demonstration of its commitment to promoting intra-African trade and economic integration, South Africa has taken up shareholding in the African Export-Import Bank (Afreximbank), the African continental multilateral trade finance institution.
The Office national des changes du Maroc and the Central Bank prohibited all e-currency related transactions. The two institutions claim crypto-currencies are “opaque”.
In Burkina Faso, the 15MWc solar plant which is to power the Essakane gold mine, will be financed by the BICIAB, local subsidiary of the BNP Paribas group.
The Director General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo has urged capital market participants to constantly adapt to new the changing economic, regulatory and business environments for them to perform their expected roles in economic development of the nation.