Zenith Bank Plc has revealed that its Deputy Managing Director (DMD), Mr. Ebenezer Onyeagwu increased the number of shares he owns in the company by 77 per cent within a six month period.

Latest financial report of the bank said Onyeagwu who became the bank’s DMD in October 2016 from an executive director increased his stake to 5.5 million units from 3.1 million units held as at December 2016, to make him third on the list of directors who"...

UTIP, whose function is to receive, analyse, and supervise private investments, also considered the impressive socio-economic impact potential of the Project on the broader Angolan economy in the approval process.

“The Angolan Government is attracting inward foreign investment by establishing public private partnerships such as Porto do Caio. The signing of this investment agreement is a milestone for the Angolan economy and helps to attract"...

Bank of Ghana (BoG), the country’s central bank, has taken over two distressed Banks in Ghana after revoking their licenses.

Customers of UT bank and Capital bank were thrown into chaos this week when the apex bank confirmed that both banks have had their licenses revoked.

“This action has become necessary due to severe impairment of their capital.” The"...

There is a state of panic among customers of two commercial banks in Ghana after the Bank of Ghana (BoG) announced a takeover of the banks.

Most patrons of UT bank and Capital bank, thronged the premises on Monday morning after an announcement that the operating licenses of the two outfits had been revoked.

A statement from the BoG read: “This action has become necessary"...

The Vice President of the Republic, Hassabo Mohamed Abdul-Rahman, has lauded the Working Women Association for its fulfillment to all its obligations to develop its members, and payment of the bank financing provided by Saving and Social Development Bank.
During his address, yesterday, the opening sitting of the 4 th conference of the Working Women Association at the Friendship Hall in Khartoum he called for the work for the promotion of the women sector via providing enough funding for all its projects in support"...

“The licence allows the company to carry out Mortgage Finance business in Tanzania as a housing finance company,” a statement issued by the Department of Policy Review and licencing Department in the Directorate of Banking Supervision said.

The First Housing Company (Tanzania) Ltd head office is located at 19 Obama Drive in Dar es Salaam.

This is the first"...

BAI announced the finalists for the BAI Global Innovation Awards, a prestigious awards program celebrating innovation in the financial services industry. Winners will be announced at BAI Beacon in Atlanta on October 4-5.

The BAI Global Innovation Awards recognizes industry leaders changing the industry and positively impacting profitability, efficiency and customer experience. Since 2011, BAI’s Global Innovation Awards has grown from two to"...

(ME NewsWire)-- Andersen Global announces a presence in Rio de Janeiro, Brazil by way of a Collaboration Agreement with Branco Consultores, a tax and legal firm. The addition of Branco Consultores demonstrates Andersen’s growing presence in Latin America. Andersen Global has an existing presence in São Paulo and Campinas through Andersen Tax in Brazil, a member firm that joined in August of 2015.

The"...

The Deputy National Prime Minster, the Minister of Investment, Moubarak al-Fadil al-Mahdi, met Monday, at his office the high level delegation of the Preferential Trade Area Bank (PTA Bank) of the COMESA.
The meeting discussed ways for joint cooperation in framework of the bank's supportive policies to expand agricultural production and the use of modern technologies.
The head of the visiting delegation has reviewed the (PTA Bank) experience with Sudan's agriculture bank in production of agriculture crops"...

The African Development Bank (AfDB) has released a $43.8m grant for South Sudan under the Bank’s ’Say No To Famine - Short Term Regional Emergency Response Project’ (STRERP).

The AfDB signed a tripartite grant agreement with South Sudan and the Intergovernmental Authority on Development (IGAD) under its ’Say No To Famine’ project.

IGAD will"...