Banking

This year’s edition of the Banking, Financial Services, and Insurance (BFSI) Conference will take place in Maputo, Mozambique on June 19. Organizers say it “is...

Mozambique is set to host this year’s Conference on Banking, Financial Services, and Insurance Sector, next month. The event scheduled for September 13 and 14,...

Ghana's central bank has revoked the licenses of twenty-three (23) financial institutions mostly savings and loans companies. The Bank of Ghana in a statement on...

First Atlantic Bank Ghana has denied accusations of flouting the Labour Act by refusing to compensate some of its retrenched staff. The Bank has been...

First Atlantic Bank in Ghana is dragging its feet to pay severance packages of Locked-out staff about 68, some of whom are pregnant women...

Telecom firm MTN wants to offer mobile banking in Africa’s most populous country Nigeria from next year. The Chief Executive Officer of the South African...

Standard Chartered PLC has recorded a 25 percent increase in profit as at last month. The Banks says the achievement is as a result of...

Crisis may be too strong a word for it, but Ghana’s current economic predicament is more than a little uncomfortable. Only after exhibiting strong macroeconomic...

A former UBS trader who was jailed after being convicted of a huge fraud has avoided being deported from the UK. Kweku Adeboli, 38, has...

The Association of African Central Banks is warning the goal of attaining a single currency status in West Africa will be a mirage. It believes the only solution to the problem is by diversifying the economies of the various countries in the Wet African Monetary Zone. Various attempts by West Africa to introduce a common currency known as the ECO has suffered various setbacks with the recent one being the outbreak of Ebola in three member countries. It is currently unclear if the countries will now meet the convergence criteria for the currency to take off in 2020.