Nigeria: Regional Maritime Devt Bank to Begin Operations in July

[Leadership] The Regional Maritime Development Bank may take off in July in Abuja after two years of inactivity, the News Agency of Nigeria (NAN) reports. … [Read more...]

Kenya: Aburi Triumphs

[The Star] Charles Aburi is the winner of the NIC Bank Golf Series' first leg at the Nyanza Club in Kisumu. Aburi, a handicap-8 golfer played steadily through out his round, raking in pars with abandon. … [Read more...]

Zambia: ‘New Kwacha Good for Money Market’

[Times of Zambia] THE Bank of Zambia (BOZ) has said the rebasing of the Kwacha will create more confidence in the money market and thereby improve the investor perception of the local economy. … [Read more...]

Zambia: ABSA Set for Insurance Industry

[Times of Zambia] THE Amalgamated Bank of South Africa (ABSA) has received regulatory approval to start a greenfield insurance business in Zambia.This brings to four the number of sub-Saharan countries where the Barclays Bank-owned financial institution would have insurance operations. … [Read more...]

Kenya: CBK Ordered to Return Akiba Assets

[The Star] CUSTOMERS of a micro-finance institution whose funds were frozen seven years ago by officers from Central Bank were in a celebratory mood after the High Court declared the raid by CBK illegal. … [Read more...]

Uganda: Nation to Host Swift Meet

[EA Business] KAMPALA, UGANDA will this week host the Society for Worldwide Interbank Financial Telecommunications (SWIFT) Africa Regional Conference scheduled for May 8 -10, 2012 at the Kampala Serena Hotel. … [Read more...]

Tanzania: CRDB, Kenya Bank Patner to Boost Businesses

[EA Business] Dar es Salaam - Tanzania's CRDB Bank has partnered with Kenya's PTA Bank to enable its clients achieve their business goals through jointly financing programmes, to provide innovative solutions to customers' needs. … [Read more...]

Uganda: Housing Finance Set to Introduce Mobile Banking

[EA Business] Kampala - Housing Finance Bank (HFB) has moved to introduce a virtual Bank account scheme which enables clients to effect payments and money transfers. … [Read more...]

Liberia: CBL Unveils LD 60 Millions

[New Democrat] The Central Bank of Liberia through Governor, Dr. Mills Jones, continues to touch the lives of many Liberian groups as evidenced by more than L$60m awarded in loans to five counties in Liberia. … [Read more...]

Egypt: Complaints Committee Approves Increasing Pension By 30 Percent

[Egypt Online] The People's Assembly proposals and complaints committee approved on 6/5/2012 a bill for increasing the retirement pension by 30 per cent as of next July. … [Read more...]

Nigeria: The Putrid Mess Also in CBN!

[Vanguard] A bill to amend the Central Bank of Nigeria Act on Wednesday passed through second reading at the House of Representatives. … [Read more...]

Nigeria: Another Banking Crisis Coming Up – (II)

[Vanguard] Those who go in for banking must accept the consequences, because if there were no consequences, everybody would go in for banking". Charles Dickens, 1812-1870 … [Read more...]