First National Bank (FNB) has been voted as the coolest banking brand for the 7th consecutive year in the Sunday Times Generation Next 2018 survey.

Conducted by HDI Youth Marketers, the Sunday Times Generation Next survey recognises South Africa's most-loved brands, products and celebrities in 72 categories voted for by over 5,500 youth aged eight to 23.

“Being voted the coolest banking brand by South Africa’s youth"...

Sudan’s Central Bank Governor of, Hazem Abdelqader, has died of a heart attack while on a visit to Turkey, the Sudanese presidency said on Saturday.

Born in 1960, Abdelqader served in various departments at the central bank before he was appointed governor in 2016.

Sudan’s overall economy has been hit hard, particularly after the south separated from the north"...

The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Union of Arab Banks (UAB) are jointly organizing a Forum titled (UN Development Goals and Islamic Finance: A Focus on Africa).

This forum will be held in Khartoum, Sudan during September 25th-26th 2018, under the patronage of Hazim Abdegadir Ahmed Babiker, Governor of the Central Bank of Sudan.

Following"...

The South African Reserve Bank (SARB) is set to launch its first commemorative banknote series, in celebration of the first democratically elected president Nelson Mandela’s birth centenary.

These notes will cover all denominations – R10, R20, R50, R100 and R200. As part of the celebrations, the South African Mint, a subsidiary of the SARB, will also be issuing a new commemorative circulation R5 coin.

As"...

In an effort to boost agri-business and enhance food security in Africa, the African Development Bank Board has approved a US$15 million equity investment in Africa Food Security Fund (AFSF), to support enterprises in agri-business SMEs and enhance food security in Africa.

AFSF is a second-generation fund targeting a total capitalization of US$ 100 million. The Fund will invest in potential high-growth Small and Medium Enterprises operating in the"...

Eight local banks including Equity and KCB have advanced Kenya Airways additional loans amounting to Sh4.3 billion as part of the ongoing capital restructuring at the airline.

The new debt is backed by government guarantees, protecting the lenders from the national carrier’s default.

The airline, known by its international code KQ, defaulted on the lenders’"...

The Central Bank of Sudan (CBOS) has called on banks to commit to the provision and use of counterfeit currency detectors.
The Central Bank stressed the need to follow the necessary legal procedures in the event of discovery of counterfeit currency and to notify the Central Bank immediately and hand over those counterfeit currencies to it.
This came within the framework of the arrangements to withdraw the category of 50 pounds and replace them with those issued by the bank within the framework of the responsibilities"...

The Central Bank of Nigeria (CBN), on Thursday, released guidelines for the bilateral Currency Swap agreement between Nigeria and China.

The CBN gave the guidelines in a document signed by the Director, Financial Markets Department, Dr. Alvan Ikoku and posted on its website.

The regulator, in a document titled, 'Regulations for Transactions with Authorised Dealers"...

The Central Bank of Sudan(CBOS) has announced the launch of a new banknote of SDG 50.

The Bank announced the launch of the renewed banknote in the coming period. In a press statement the institution said that commercial banks receiving the bill from citizens will deposit and save it in their accounts; so as to enable them to use their money through various means of payment.
The bank stressed that the commercial banks will facilitate the process"...

South Sudan government announced the introduction of a new 500-pound banknote in view of the value of 100 note being eroded by inflation.

The East African country is facing an acute economic crisis due to the ongoing civil war.

In a statement issued on Friday, the Bank of South Sudan announced that the new banknote will be introduced very soon.

The"...