The Central African Republic has emerged the first country in Africa to adopt Bitcoin as its official currency. Central African Republic adopts Bitcoin as its official currency The development was announced Wednesday by the country’s Presidency, after a bill that would govern the adoption of crypto assets was passed by parliament. A statement that was […]
THE Kilimanjaro Co-operative Bank Limited (KCBL) is tipped to become a national cooperative bank. The need of turning KCBL was vivid during the national debate to direct the nation on creating a cooperative bank. The lender is the only cooperative bank in the country. The bank last year made a pre-tax profit of 318m/- after […]
Workers are facing their most painful squeeze in over a decade after a day in which the cost of living crisis escalated and employers warned of a longer freeze in pay increases. Employers say real wages, adjusted for inflation, will take longer to recover from the pandemic-induced economic contraction in 2020. This means that disposable […]
The financial Associated Press reporter learned that on April 19, 2022, the people’s Bank of China and the China Banking and Insurance Regulatory Commission jointly held a symposium on financial support for the real economy. The participants were 18 national commercial banks and 5 national financial asset management companies. The meeting made it clear that […]
Ecobank Nigeria has reiterated its support for the creative industry. Speaking during the Adire Initiative programme, Managing Director, Ecobank Nigeria, Bolaji Lawal said the bank identifies adire as a key driver of tourism, culture and the creative industry and that supporting the industry would further empower the youth, women, micro, small and medium enterprises (MSMEs) […]
Tayo Oviosu, the Chief Executive Officer, Paga Group , has said that Fintechs in the country could explore the massive opportunities available in the pan African banking group; Ecobank, to grow and expand their business locally and across the continent. Oviosu who was speaking on the topic “Pan-African expansion opportunities and challenges” at the hybrid […]
Inspector General (IG) of the Liberia National Police (LNP), Patrick Sudue has allegedly refused to endorse a request by Criminal Court ‘C’, for an arrest warrant to be issued with an order directing the police to immediately arrest several co-defendants in the ongoing US$5million case, that involves Nanborlor Singbeh, Secretary of the Liberian Senate,. In […]
Members of MSF Nigeria Emergency Response Unit (NERU) precede to make the triage to the people arriving in the meningitis treatment center run by MSF in Sokoto Mutalah Mohamad Hospital (file photo). Nairobi — A new short-course treatment is effective against HIV -associated cryptococcal meningitis with fewer serious side effects, and has the potential to […]
Stanbic Bank still controlled the market share of the Ghana Fixed Income Market in the first quarter of this year. However, its control of the total value of government bonds and treasury notes went down significantly to 14.23%, from 25.21% recorded in 2021. Perhaps, Stanbic Bank decided to reduce its exposure to government securities because […]
Societe Generale Ghana has organised an innovative competition for young artists to create unique art pieces using wood under the “SG Ghana Artivity” initiative of the bank. The SG Ghana Artivity Initiative, which kicked off in November 2021 as a key Corporate Social Responsibility undertaking, was designed by the bank to support Ghanaian artists and […]
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