Banking

Commercial International Bank reported net income of 2.35 billion Egyptian pounds for 3Q2020 as it released its first set of financial results after CIB Chairman Hisham Ezz Al-Arab left office in the…
Read More...

Although central banks across the world have played a vital role in easing financial conditions, which has contributed to averting a catastrophic downturn amid the COVID-19 crisis, they have to do…
Read More...

The Egyptian banking sector’s FX liquidity has recovered from pandemic-induced lows, thanks to the return of foreign inflows to capital markets, Fitch Ratings said in a report yesterday.
Read More...

Morocco’s Bank of Africa, formerly known as BMCE Bank, signed a deal with Export-Import Bank of India (EXIM Bank) to back investments in both ways.
Read More...

Financial inclusion must be supported by expanding access to digital communication technologies across Africa, CIB Non-Executive Chairman Sherif Samy said at the Smart Africa Initiative’s board of…
Read More...

The German Bank of Development, KfW, has earmarked €15 million to fund the Tunisian Coastal Protection Program-Phase V (PPLT), meant to protect the coasts of Tunisia against climate change…
Read More...

Banking software provider Temenos plans to open an office in Côte d’Ivoire or Senegal to target francophone clients.
Read More...

The World Bank is seeing Egypt the top recipient of remittances in the Middle East and North Africa region in 2020 to receive $24.4 billion
Read More...

Nigeria's new Banks and Other Financial Institutions Act (BOFIA) 2020, took nearly 30 years in the making. While criticised for being a 'mixed bag', some argue its presence could provide opportunities…
Read More...

 Uganda has so far succeeded in safeguarding financial stability, although risks remain as the east African country battles the economic effects brought about by the ongoing COVID-19 pandemic,…
Read More...