AFRICA - Standard Chartered Bank has launched a drive to expand its presence in Africa.
NIGERIA - To realise its pan-African investment objective, United Bank for Africa Plc (UBA) has unveiled a five-year strategic plan to consolidate its business growth across its operating environments in the continent.
ZIMBABWE - Zimbabwe is set to print its own version of the US dollar in order to ease a cash shortage in the country.
NIGERIA - Following the arrest of its Managing Director/Chief Executive Officer (MD/CEO), Mr. Nnamdi Okonkwo, by the Economic and Financial Crimes Commission (EFCC), Fidelity Bank Plc Monday announced the appointment of its Executive Director North, Alhaji Mohammed Lawal Balarabe, as its acting MD/CEO.
KENYA - Treasury Secretary Henry Rotich in a notice on the Kenya Gazette appointed Mr Muthaura to hold the position for a period of four years.
GHANA - President John Dramani Mahama has appointed Dr. Abdul-Nashiru Issahaku as Governor of the Central Bank, a statement from Flagstaff House Communications Bureau has announced.
KENYA - The Central Bank has put Chase Bank under receivership for 12 months due to what the regulator termed as unsafe financial conditions.
ZIMBABWE - French firms Microcred Group (Microcred) and AfricInvest Finance Sector Fund (AfricInvest) have acquired local micro-lending company, MicroKing Finance (MicroKing).
ZIMBABWE - Old Mutual Zimbabwe (OMZ) posted a $13,3 million profit for the year to December 31, 2015 from $10,9 million on the back of a strong performance by the group’s life business.