banking
Bank of Baghdad share increase 88% In last 12 months
September 23, 2022
A recent research report by Rabee Securities showed that Bank of Baghdads profit before tax decreased by 3% quarter on quarter during the 2nd quarter...... Continue Reading >
African banks face 'very difficult' 12-18 months, Fitch official says
September 22, 2022
ACCRA - The next 12 to 18 months will be 'very difficult' for African banks as widespread inflation, currency devaluations and interest rate...... Continue Reading >
Stanbic Bank and National Basketball Association (NBA) Africa to Support Youth Basketball Development in South Sudan
September 6, 2022
Stanbic Bank in South Sudan and NBA (www.NBA.com) Africa last week announced a multiyear collaboration to support youth basketball development in...... Continue Reading >
Afreximbank to invest $700m in Afro-Caribbean trade, new bureau
September 3, 2022
The African Export-Import Bank (Afreximbank) has pledged a $700 million investment towards setting up a regional bureau in the Caribbean to support...... Continue Reading >
Kenya's central bank to raise $41mln from bond market
August 30, 2022
The Central Bank of Kenya (CBK) has renewed two long-term bonds seeking to raise 50 billion Shillings ($414.9 million) from fixed-income investors,...... Continue Reading >
Banks move to protect capital after new profits
August 29, 2022
Top East African banks posted double-digit growth in profit in the six months to June 30, signalling a strong recovery from Covid-19 pandemic. The...... Continue Reading >
Tanzania firms get nod to import raw material for wire products tax free-
August 29, 2022
Tanzanian companies have been granted exemption on imported products that attract 35 percent duty, barely a month after the EAC Common External Tariff...... Continue Reading >
HSBC appoints new head of global banking in the Middle East
August 18, 2022
HSBC has announced the appointment of Julian Wentzel as Head of Global Banking for the Middle East, North Africa and Turkey (MENAT) region. Subject...... Continue Reading >
Egypt central bank chief quits amid deepening crisis
August 18, 2022
The governor of Egypt’s central bank, Tareq Amer, resigned on Wednesday, state media reported, with the Arab world’s most populous country...... Continue Reading >
Central banks raise lending rates to manage inflation
August 17, 2022
The war between Russia and Ukraine has taken a toll on the Rwandan economy, leading to a sharp increase in the prices of imported commodities including...... Continue Reading >
Top News
Health official: Sudanese citizens fund 79% of Ministry’s activities
Sudanese company arrives Wau to rehabilitate railway line
400 youths join vocational skills training program in Khartoum
Finance Ministry issues new decisions on expatriate cars