Uganda: Salaam Bank Launches First Islamic Bank
In Uganda, Salaam Bank Limited, a unit of the Djibouti-based Salaam Group, commenced operations on Wednesday as the nation’s inaugural Islamic banking-compliant financial institution, as […]
Finance
Escape from Custody: Binance Executive Detained in Nigeria Amid Crypto Crackdown
A leader from the cryptocurrency exchange Binance has reportedly absconded from custody in Nigeria, where authorities have initiated a criminal investigation into allegations of the […]
Financial Constraints Force Southern African Troops to Withdraw from Mozambique
Southern African Regional Troops Withdraw from Mozambique Due to Financial Constraints The regional bloc of southern Africa, tasked with combating an Islamist insurgency in Mozambique, […]
Kenya’s KCB Group to sell its NBK Bank
Kenyan KCB Group plans to sell its subsidiary National Bank of Kenya (NBK), the second biggest lender in the country, the Daily Nation newspaper reported. […]
Commercial Bank of Ethiopia’s Quest to Recoup Millions Lost in Technical Glitch
Ethiopia’s largest bank is reportedly endeavoring to reclaim over $40 million following a technical malfunction that permitted customers to withdraw funds exceeding their account balances. […]
EU offers Egypt €7.4 billion package to curb migration
The EU has offered cash-strapped Egypt 7.4 billion euros in a deal to curb illegal migration from the country and the region. The package came […]
Somalia Achieves 99% Debt Cancellation from Paris Club Creditors
Somalia successfully negotiated the elimination of 99% of its debt to members of the Paris Club, marking a significant achievement in the nation’s journey to […]
IMF to Evaluate the Economic Impact of Drought in Zambia
The International Monetary Fund (IMF) has announced its intention to visit Zambia in mid-April to evaluate the economic impact of the ongoing drought. With 84 […]
EU offers Tunisia €150 million in financial stability help
Cash-strapped Tunisia received an aid of €150 million from the EU to help it with financial stability as it struggles with an unprecedented economic and […]
Ghana’s Finance Ministry Warns of Potential $3.8B Loss Due to Anti-LGBTQ Legislation
Ghana’s finance ministry has issued a warning that the country could experience a significant loss of funding from international banks, amounting to an estimated USD$3.8 […]