National Bank of Rwanda Maintains CBR despite Inflation Risks
The National Bank of Rwanda has retained the Central Bank Rate (CBR) at 6.5 percent following its Monetary Policy Committee (MPC) meeting. This marked the...
Co-operative Bank Profit Rises to Sh9.63 Billion in Q1 2025
The Co-operative Bank of Kenya posted a profit before tax of Sh 9.63 billion in the first quarter of 2025, a 2.9% increase from Sh...
Senators Demand Answers on Tribal Bias at Central Bank
The Senate Committee on National Cohesion, Equal Opportunity, and Regional Integration has raised concerns over the ethnic composition of the Central Bank of Kenya (CBK),...
Bank of Uganda resists rate change as inflation risk looms
The Bank of Uganda (BoU) has opted to maintain the Central Bank Rate (CBR) at 9.75%, following its Monetary Policy Committee (MPC) meeting held on...
East Africa gets its first AI-ready data centre as Nairobi looks beyond connectivity
Safaricom PLC and iXAfrica Data Centres have partnered to introduce East Africa’s first AI-ready data centre, located at the NBO1 Nairobi Campus. The facility is...
Former National Bank of Ethiopia Governor Passes Away
Leikun Berhanu, a prominent architect of Ethiopia’s modern banking sector and former Governor of the National Bank of Ethiopia, has passed away. Berhanu’s career spanned...
Who are the 10 Highest Paid CEOs in Nigeria?
Executive compensation in Nigeria’s corporate world reached new heights in 2024, as top Chief Executive Officers (CEOs) and Managing Directors (MDs) commanded billion-naira salaries. From...
Sidian Bank Unveils Modern Buruburu Branch to Boost Customer Confidence and Convenience
Sidian Bank Limited has relocated its Buruburu branch to a more central and accessible location convenient to its customers, and unveiled a modernized banking space....
Equity Bank Secures 16 Awards at 2025 Think Business Awards, Dr. James Mwangi Named CEO of the Year
Equity Bank emerged as the top winner at the 20th edition of the Think Business Banking Awards 2025, collecting a total of 16 accolades across...
Has Nigeria Really Repaid Its IMF Loan?
The International Monetary Fund (IMF) has clarified that although Nigeria has repaid a $3.4 billion emergency loan obtained in 2020, claims that the country has...