20 best companies for workers in Nigeria, Kenya, Egypt and South Africa

20 best companies for workers in Nigeria, Kenya, Egypt and South Africa

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 […]

Nigeria’s CBN Slams $2m Fines on Four Banks for Crypto Transactions

Nigeria’s CBN Slams $2m Fines on Four Banks for Crypto Transactions

Central Bank of Nigeria (CBN) The Central Bank of Nigeria (CBN) has imposed monetary sanctions of N814.3 million (nearly $2 million) on four commercial banks in the country for permitting cryptocurrency transactions, Bloomberg reports. The sanctions come over a year after the apex monetary authority placed an implicit ban on cryptocurrencies in Africa’s largest democracy […]

CDC renamed British International Investment

UK development finance institution and impact investor CDC Group has formally renamed itself British International Investment (BII), with CE Nick O’Donohoe saying the organisation will build on the CDC’s legacy by inheriting its “unparalleled” experience of impact investing and deep-rooted knowledge of the markets in which it invests. “BII is a strong, modern identity, which […]

Financial stocks outperform others on GSE in first quarter 2022

Financial stocks outperform others on GSE in first quarter 2022

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 […]

Nigeria's central bank fines Access Bank, Stanbic IBTC and UBA $1.9 million for facilitating crypto transactions

Nigeria’s central bank fines Access Bank, Stanbic IBTC and UBA $1.9 million for facilitating crypto transactions

CBN fines Access Bank, Stanbic IBTC and UBA $1.9 million for facilitating crypto transactions Access Bank Plc received the largest portion of the fine at $1.2 million, followed by Stanbic IBTC Bank and UBA. Recall that the CBN had earlier in 2021 ordered Nigerian banks to close down all the bank accounts linked to cryptocurrency […]

Ecobank Sees Slower Growth This Year on Weaker African Currencies

Ecobank Sees Slower Growth This Year on Weaker African Currencies

An Ecobank Transnational Inc. bank branch in Bangui, Central African Republic. Ecobank Transnational Inc , the pan-African lender with operations in 35 countries, foresees slower growth this year as a devaluation of local currencies pushes up its costs and make it more difficult for its clients to do businesses. The Togo-based lender predicts revenue growth […]