JP Morgan Sets Eyes on Nigeria with Merchant Bank License Bid
JP Morgan Chase & Co., one of the world’s leading financial institutions, is looking to strengthen its presence in Nigeria by seeking a merchant banking...
CBK Launches Green Finance Guidelines to Tackle Climate Risks in Banking
The Central Bank of Kenya (CBK) has officially launched a comprehensive set of green finance guidelines to address climate-related risks within the country’s banking sector....
NCBA, AGF Renew Partnership to Boost SME, Women-Led Business Financing
NCBA Bank has renewed its long-standing partnership with the African Guarantee Fund (AGF) in an aim to enhance SME financing and empower women-led businesses across...
Zero-Balance Business Accounts in Kenya: Where to Find Them
Starting and running a business in Kenya comes with financial challenges, and high banking costs can be a significant burden for entrepreneurs. However, several banks...
14 Kenyan Banks Ignore CBK’s Order to Cut Loan Rates
A report has revealed that 14 Kenyan banks have ignored the Central Bank of Kenya’s (CBK) directive to lower bank loan rates, despite multiple reductions...
Treasury Proposes Higher Bank Deposit Protection for Kenyans
Kenya’s National Treasury has proposed to overhaul the country’s bank deposit insurance scheme, aiming to enhance financial security for millions of depositors in the event...
CBN Records Highest Net Reserve Position in Over Three Years
The Central Bank of Nigeria (CBN) has reported an improvement in its Net Foreign Exchange Reserve (NFER) position as of the end of 2024, signaling...
National Bank of Ethiopia Announces Bi-Weekly Auctions, Cracks Down on Hawala Operators
Ethiopia’s central bank governor, Mamo Mihretu, declared on Monday that the country’s longstanding foreign exchange shortage is now under control. Speaking after a high-level meeting...
All You Need to Know About the UDB SME Kazi Loan
The Uganda Development Bank (UDB) is dedicated to empowering small and medium enterprises (SMEs) by offering accessible financial solutions to support growth and sustainability. One...
Paul Bitature Muganwa Joins Stanbic Bank Uganda Board as Executive Director
Stanbic Bank Uganda has officially received regulatory approval to appoint Mr. Paul Bitature Muganwa as an Executive Director, and will therefore be a member of...