Kenya: Stanbic picks former NMG CEO Joseph Muganda as board chair
Stanbic Holdings PLC has picked former Nation Media Group (NMG) CEO Joseph Muganda tochair its board from January 1, 2024,…
Category: Banking
Ghana: Banks wrote off ¢3.19bn as bad debt in October 2023
Banks wrote off ¢3.19 billion as bad debt in October 2023, a 9.5% growth year-on-year, the Domestic Banks Income Statement…
Nigeria: Abbey Mortgage Bank appoints new chairman
Abbey Mortgage Bank PLC announced the appointment of Samuel Oni as its new chairman,following the retirement of Kanu Ivi. According…
Africa: UBA secures $175m AfDB loan
The United Bank for Africa says it has secured a $175m facility from the Africa Development Bank Group to boost…
Ghana: Access Bank provides high-net-worth individuals with alternative investment avenues
As part of its wealth management proposition for private banking customers to add value to their assets while securing their…
Tanzania: African Development Bank supports small horticultural businesses with $2.5 million grant
The Board of Directors of the African Development Bank Group approved a $2.5 million grant to prop some 10,000 small…
African Development Bank Group and Eritrea strengthen partnership for growth
The African Development Bank Group and Eritrea on Friday, September 1, strengthened their partnership to support the country’s growth and…
Ghana: BoG directs banks to submit prudential reports on sex-disaggregated basis
Banks and other deposit-taking institutions in the country are now required to submit their monthly prudential returns to it on…
Nigeria: Zenith Bank’s deputy MD bows out
The Deputy Chief Executive Officer at Zenith Bank, Adaora Umeoji, has retired after seven years in that role. This was…
Nigeria: AfDB issues $2bn five-year global benchmark bond
The African Development Bank has issued a two billion dollar five-year Global Benchmark bond due March 14, 2028. The continental…