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 […]
African Banker magazine has announced the shortlist of nominees for this year’s edition of the African Banker Awards. The African Banker Awards are a landmark annual event for African banking and a part of the official programme of the African Development Bank (AfDB) Annual Meetings. The theme of the overall AfDB Annual Meetings this year […]
There are a total of 763 commercial banks located across the 54 countries that make up the African continent. Findings by Business Insider Africa show that South Africa and Tanzania have the highest concentration of commercial banks at 51 and 50, respectively. Kenya on the other hand has 42 commercial banks, followed by Egypt with […]
Standard Chartered Bank The UK-headquartered multinational banking group said it’s decision to exit the markets will enable it concentrate its resources where it can make the most impact. Specifically, the strategy will help deliver efficiencies, reduce complexity and drive scale. In the meantime, the planned exits are still subject to regulatory approvals. Standard Chartered Plc […]
Standard Chartered Bank The UK-headquartered multinational banking group said it’s decision to exit the markets will enable it concentrate its resources where it can make the most impact. This is part of a strategy to deliver efficiencies, reduce complexity and drive scale. The planned exit is still subject to regulatory approvals. Standard Chartered Plc has […]
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream business activities, while not forgetting the tech/economy build up. Here are the Headlines : CBN fines three banks N800m for crypto transactions DMO begins Q2 borrowing, as it […]
Working in the banking industry is a dream for many Nigerian graduates because they believe there is a lot of money to be made And indeed there is, as 10 commercial banks paid workers salaries and wages of over N400 billion in 2021 The amount captured in this report only covers salaries and wages and […]
Business Insider Africa presents the top five best companies for workers in Nigeria, Kenya, Egypt and South Africa. Note that the list is dominated by financial services companies, especially in Nigeria and South Africa. The list is courtesy of LinkedIn’s 2022 Top Companies Ranking. Earlier this week, LinkedIn released its 2022 Top Companies Ranking. The […]
Access Bank Ghana has organised a workshop for more than 100 Small and Medium Enterprises (SMEs) in Techiman, the capital of the Bono East Region, to boost their digital skills. On the theme: “Boosting Digital Skills for Emerging Opportunities,” the participants included cashew growers, kente weavers and sellers, members of the Techiman Shoe Makers and […]
Mr Afedzie, Managing Director of GSE The Ghana Stock Exchange Financial Stocks Index ( GSE-FSI ), which measures stocks of publicly-listed financial sector companies, has for the first time in five years outperformed the rest of the market, first-quarter data from the Exchange have shown. Compared to the benchmark market-wide Composite Index (GSE-CI), which lost […]
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