Prime Minister and Minister of Finance and Economic Planning Mutaz Musa has announced the commitment of the Central Bank of Sudan (CBOS) to buy the gold at free prices through mechanisms, consortia of banks, certificates or sukuks with very profitable profit margins that satisfy the miners. 'If the bank manage to buy 120 tons of gold worth $ 5 billion, it will fill the existing gap in foreign exchange,' he said during a visit to the Central Bank of Sudan, referring to the CBOS previous experience after the secession"...

The Central Bank of Sudan’s (CBOS) Governor Dr. Mohamed Khair Al-Zubair has recognized the challenges faced by the banks operating in the country in the liquidity aspect, revealing the ability of bank employees to overcome them without specifying a certain period of time for that. CBOS governor welcomed the visit of the Prime Minister, Minister of Finance and Economic Planning Mutaz Musa Tuesday to the Bank of Sudan, stressing his serious endeavours to address the current problems of managing cash within the banking"...

WorldRemit, an online money transfer service, is partnering with Access Bank Plc to foster instant money transfers to accounts of bank customers in Nigeria. In a statement released, the new partnership is said to further expand WorldRemit’s presence in Nigeria, allowing its customers in over 50 countries to send money to millions of Access bank accounts directly from their phones.

Access bank explained in a statement that the partnership will"...

President of the Republic, Omer Al Bashir has issue a Republican Decree according to which Mohammed Kheir Al-Zubair is appointed as the Governor of the Central Bank of Sudan (CBOS) according to Article 9 (1) of the CBOS Act of 2002.
Al-Zubair is a PhD holder in Economy from Wales University in 1983. He worked as State Minister at the Ministry of Finance and National Economy during the period 2000 – 2001, State Minister at the Ministry of Finance from 1998 to 2000, and Undersecretary of the Ministry from 1989 up"...

The Dollar price in Sudan rose again to 43 Pounds in the parallel market on Thursday. Currency traders attributed the rise to the increase of the demand and the limited supply of the Dollar.

The US Dollar also rose to 46 Sudan Pounds for currency forward sale, which locks in the exchange rate for the sale of the currency on a future date.

Economic analyst Abdelhadi Ibrahim"...

Mastercard has partnered with Vodacom and BancABC to introduce the first online card in Tanzania – the M-Pesa virtual card. The virtual card will allow M-Pesa mobile wallet holders to make payments on any local or international website or app so long as Mastercard is accepted for payment without the need for a bank account or credit card.

Customers in Tanzania can request the virtual card from the M-Pesa USSD menu or soon on the M-Pesa app"...

Leading economist Dr Sidgi Kaballo asserts that the ongoing liquidity crisis in Sudan stems from lack of confidence in the banking system and poor treasury cash-flow management.

Sudan’s Minister of International Cooperation, Idris Suleiman, has remarked that one of the causes of the liquidity crisis in the country is that 90 per cent of the cash mass is being circulated outside the banking system.

However,"...

The Board of Directors of the United Bank for Africa is pleased to announce the appointment of four new members to its board, subject to the approval of the Central Bank of Nigeria(CBN).

The new board members are Mrs. Erelu Angela Adebayo, Ms. Angela Aneke, Alhaji Abdulqadir Jeli Bello and Mr. Isaac Olukayode Fasola.

"...

The Wali (governor) of the West Kordofan State, Eng. Ahmed Ajab Al-Fiya, has presided over the joint meeting between the state government and the visiting African Development Bank (AfDB) delegation headed by Mr. Yarrow. Eng. Ajab Al-Fiya said, in a statement to SUNA after the meeting, that the meeting discussed a number of issues and projects being implemented by AfDB in the state, foremost of which are the projects of water, health and ownership of animal production for vulnerable families. The governor affirmed the progress"...

Bank of Baroda, an Indian lender, says it is planning to sell its Ghanaian business, in order to enable it to focus on its most profitable subsidiaries.

The lender’s decision comes on the back of poor performance by banks in the West African country. So far, a total of seven have either collapsed or had their licenses revoked by Ghana’s central bank, while a handful of others are said to be racing against time to meet a new Gh400 million"...