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.

CBN Introduces Electronic Form to Facilitate Exports

The Central Bank of Nigeria (CBN) has introduced electronic forms for commercial exports (e-Form NXP) to replace the hard copy form that was in...

Zimbabwe is Getting Another New Currency

Zimbabwe's central bank chief, John Mangudya, says he will introduce a new currency in the next two weeks to address biting liquidity shortages in...

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UK investors urged to deepen economic ties with Africa

The 2020 UK-Africa Investment Summit was attended by Mauritanian President Mohamed Ould Cheikh el Ghazouani and Egyptian President Abdel Fattah el-Sisi.

World’s second largest diamond the size of a tennis ball discovered in Botswana

In a unique collaboration, luxury fashion house Louis Vuitton is all set to transform a rare and...

UK-Africa trade and investment: who benefits?

There has been much hype about a major Africa investment summit being hosted by the UK. Attended by Prime Minister Boris Johnson and an array of royals,...