Airtel Africa enters money transfer partnership with Western Union

Airtel Africa and Western Union have launched a remittance service to allow customers to send and receive international money transfers from their phones using...

Central Bank Hub Expands on Invites to Kuwait, Morocco, Vietnam

The Bank for International Settlements has invited the central banks of Kuwait, Morocco and Vietnam to join the institution. It’s...

Debate over implementation of single currency for West Africa-Don’t fix ECO to Euro …...

Government has raised concerns over the decision by the Monetary Union of West Africa (UEMOA) to fix the new ECO currency to...

Ethiopia: Dashen Bank Launches 100m Birr Job Creation Initiative

Dashen Bank HQ in Addis Ababa, Ethiopia Dashen Bank has announced a 100 million...

World Bank warns CBN against support for undercapitalized banks

The World Bank has warned that the assets of Nigerian commercial banks may deteriorate if the Central Bank of Nigeria continues to support undercapitalised...

MTN to Launch Mobile Money Service in South Africa

MTN has announced that its mobile money service, MoMo will go live in January 2020, allowing customers to send, receive, save and spend money...

Egypt, Italy clinch deal to establish joint commercial centre: Official

Egypt and Italy signed an agreement to build a joint commercial centre, a senior official in the Federation of Egyptian Chambers of Commerce (FEDCOC)...

UBA wins award as African Bank of 2019

The United Bank for Africa (UBA) has been named the ‘African Bank of the Year 2019’ The award was given...

Banks must prepare to serve the growing number of Billionaires in Africa

The number of millionaires and billionaires in Africa continues to rise. Catering to these high-net-worth individuals is set to become more challenging as a...

Business confidence in economy rises to 29 index points — CBN

Business Confidence Index rose by 1.7 index points to 29 index points in November indicating rising optimism in the nation’s macro economy condition.

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Ethio-Kenya Electricity Highway Project Nearing Completion

The Ethio-Kenya Electricity Highway Project is expected to be ready for testing and commissioning at the end of this Ethiopian year, according to Ethiopian...

Presidents Sahlework, Museveni Confer on Grand Ethiopian Renaissance Dam

President Sahlework Zewdie has conferred with Ugandan President Yoweri Museveni on the Grand Ethiopian Renaissance Dam (GERD) and wide ranging bilateral, regional, and international...

Aviation Africa 2020 underway in Ethiopia

The 5th Aviation Africa Summit and Exhibition is being held in Addis Ababa, Ethiopia. The two-day summit is a major event for the...