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Banking and Finance

Germany’s contribution to the African economy

For Sylvie Nantcha it is vital that she sends money to her mother in Cameroon every month. "In our country there is no social welfare and no medical insurance”, she told DW. Nantcha has been living in Germany for 24 years, but the…
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Gambia’s Jammeh-era central bank governor sacked

The head of Gambia's central bank Amadou Colley, appointed by the previous President Yahya Jammeh, has been sacked. No official reason has been given for the sacking and Mr Colley told the Reuters news agency that he did not know why he had…
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Dubai Islamic Bank passed to operate in Kenya

The Central Bank of Kenya (CBK) has licensed the Dubai Islamic Bank - owned by the United Arab Emirates’ largest Shariah lender Dubai Islamic Bank - to carry out operations in the country. CBK said in a statement that DIB intends to…
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Ghanaian appointed Senior Vice President of AfDB

A Ghanaian, Charles Owusu Boamah has been appointed the Senior Vice President of the African Development Bank (AfDB). Mr. Boamah has worked with the Bank for 25 years, and before his appointment was the Vice President for Finance. He…
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