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Bank & Finance

May 09, 2020
Mukuru, one of the largest international money operators and remittance companies in Africa, has confirmed that it has acquired Zoona’s operational assets in Malawi along with the technology systems that support…
May 08, 2020
Nigeria’s five-year naira futures slid past 550 to the dollar on Thursday after the central bank weakened the currency on the derviatives market across maturities, traders said. The bank weakened…
May 06, 2020
Access Bank Plc deny's news making rounds that it would sack 75 per cent of its workforce and as well close over 300 branches. The bank denied this in a…
May 01, 2020
Access Bank Plc plans to cut salaries to avoid job losses as a lockdown to contain the coronavirus hampers the operations of Nigeria’s biggest lender, according to people with direct…
Apr 28, 2020
Angola’s National Bank (BNA) by September 2020 plans to announce the name of the company that will be responsible for the Mobile Transfers and Instant Messaging system to be introduced…
Apr 23, 2020
A consortium of multilateral institutions that includes the World Bank, the International Monetary Fund (IMF), the Paris Club and the G20 have agreed to grant a debt service suspension to…
Apr 23, 2020
Global remittances are forecast to decline by about 20% this year as the economic crisis caused by the coronavirus pandemic shuts down business activity, the World Bank says. This is…
Apr 22, 2020
Tigo Tanzania launched a service that allows all Tigo Pesa customers to send and receive cash on their mobile money wallets from M-PESA in Kenya, MTN in Uganda and MTN…
Apr 16, 2020
In a recent interview with InsideBitcoins.com, Delta.App Chief Executive Officer Nicolas Van Hoorde revealed that investors were going back to digital assets as a hedge against the depreciating dollar. Hoorde talked about…
Apr 14, 2020
The two financial institutions whose operating licences have been suspended by the Reserve Bank of Zimbabwe (RBZ) over alleged illegal foreign currency dealings, were reportedly behind the sudden and drastic…
Apr 09, 2020
Central Bank of Kenya has suspended Absa Bank Kenya’s foreign exchange licence for seven days for failing to report specific foreign exchange trades it conducted last month. "During this period,…
Apr 09, 2020
Employers, now more than ever, need to provide access to independent financial advice to their employees, says the boss of deVere Group. The observation from Nigel Green, the chief executive…
Apr 08, 2020
Nigeria’s application for a $3.4 billion credit from the International Monetary Fund (IMF) is currently under review. “We are working hard to respond to this request so that a proposal…
Apr 08, 2020
Nigeria’s application for a $3.4 billion credit from the International Monetary Fund (IMF) is currently under review. “We are working hard to respond to this request so that a proposal…
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