By Allan Olingo Two years ago, at a breakfast in Kenya’s capital, Nairobi, hosted by Kenya-based Equity Bank, Ethiopia’s Prime Minister Hailemariam Desalegn said his country...
Ethiopia’s financial sector was the center of discussion last week at a summit organized in the country’s capital, Addis Ababa, under the auspices of The Economist...
African brands are growing beyond the continent by simultaneously catering to local needs and doing business on a global scale. Thebe Ikalafeng, CEO of Brand Africa...
A Zimbabwe banking survey has revealed that locals prefer doing business with foreign owned financial houses as they are perceived to be safe and reliable compared...
With over 72 million young people in the country, Nigerian banks are now more than ever encouraging youth banking. The country’s youth account for over 43...
Visa Inc., which is piloting Ethiopia’s first international debit card, is seeking to persuade the government to ease tight restrictions on banks in an effort to...
African countries south of the Sahara are poised to enjoy a surge in growth in their banking and trade systems in the upcoming decades. According to...
Ecobank Nigeria, a subsidiary of Ecobank Transnational Incorporated (ETI) has signed a 10 year partnership with e-payment service provider, Mastercard for the issuance of debit cards...
The Kenyan banking sector has been more resilient on stock performance compared to its Nigerian counterparts. “The reason why the Kenyan banks stock price share performances...
The legal battle between the suspended governor of the Central Bank of Nigeria (CBN) Mallam Sanusi Lamido, and the Federal Government has taken a new twist...
Vodafone brought the mobile money service that has revolutionized banking in Africa to Romania on Monday, offering M-Pesa text-message transactions to millions of customers in...
Zambia’s kwacha hit a new record low against the dollar on Friday. This is as exporters held off on selling the greenback on speculation the...
The bank’s business model, based on unsecured loans and low-cost transactions, has proved successful as it seeks to attract the unbanked population. Blowing up in growth,...
Standard Chartered Bank of Kenya expects east Africa’s burgeoning middle class to drive growth in 2014 after it recorded a 16 percent rise in 2013 pretax...
A new generation of business leaders are investing in Africa’s capacity to manufacture cars, process minerals and build equipment. Some governments are now looking for ways...
Co-operative Bank of Kenya reported on Wednesday a 9 percent rise in pre-tax profit for 2013 and said it expected better growth this year thanks to...
Kenya’s financial regulator has proposed a separate regulatory framework for Islamic financial institutions as part of a broad ten-year strategy designed to boost capital markets in...
Loans to the private sector have picked up as Rwanda emerges from the effects of delayed aid disbursement, but the country is still too dependent on...
Nigeria’s central bank announced new rules on Friday requiring currency dealers to put naira in their accounts at the bank two days before bidding in its...
Remittances by Zimbabweans in the Diaspora sent through money transfer agencies and formal banking channels declined by 15 percent last year to $1.8 billion, the country’s...
Transactions on Kenya’s latest mobile banking innovation, M-Shwari, crossed the KSh1 billion (US$11.6 million) mark at the close of 2012 in an overwhelming uptake that could...
While U.S. and European banks suffer hangovers from the Great Recession and continued shock waves inside the eurozone, banks in Africa have never looked stronger or...
As the summer comes to a close, and the pace of work and family life picks up, finding the time to stay on to of your...
