Kenya's Central Bank Cracks Down on Lenders, Enforces Benchmark Rate
Kenya's Central Bank takes tough stance against banks that defy benchmark rate, KCB reduces lending rate, and regulator initiates bank inspections for compliance
Finance
Africa's Richest Central Banks: Libya, Algeria, and South Africa Lead the Pack
Discover the top 8 richest central banks in Africa by assets under management, with Libya, Algeria, and South Africa dominating the list.
Nigerian Banking Stocks Surge 12.24% as Lenders Raise Over ₦1 Trillion to Meet Capital Requirements
Nigeria's banking sector sees a significant surge in stocks as major lenders secure over ₦1 trillion to meet new capital requirements, boosting investor confidence in the country's economy.
Ghana to Scrap Betting Tax in 2025 Budget, Says Minister
Ghana's Minister of Youth Development and Empowerment announces plans to abolish betting tax in 2025 budget, fulfilling NDC government's campaign promise to ease financial burden on bettors.
Ghana's Top Banks Defy Economic Challenges, Maintain Strong Tier 1 Capital Positions
Despite economic headwinds, Ghana's leading banks have demonstrated resilience, maintaining strong Tier 1 capital positions, according to The Banker's Top 100 African Banks for 2024.
African Banking Brands Shine with 22% Average Brand Value Growth in 2025
African banking brands have shown remarkable growth, with an average brand value increase of 22% in 2025, driven by strong performances in Kenya and South Africa, according to Brand Finance's Global 500 rankings.
Absa Group to Open Dubai Office, Expanding Middle East-Africa Trade Corridor
South African bank Absa Group plans to open a Dubai office by 2026, bolstering its presence in the growing Middle East-Africa trade corridor, where Gulf countries have invested over $100 billion since 2014.