Business and Economy

Finovate East Africa Explores Digital Banking and Payments

This week’s edition of Finovate Global focuses on fintech developments in countries located in and around East Africa. Digital banking…

2 months ago

South African Banks Issue $322 Million Loss Buffer

South Africa’s largest banks have recently raised a significant amount of loss-absorbing debt as part of a new regulatory framework.…

2 months ago

Kenyan AI innovators compete in US program

Four young engineers from Nairobi were recognized for their innovative solutions at the Red, White and Build Hackathon, a competition…

2 months ago

Kazakhstan Issues $2.25 Billion in Eurobonds

The American Bankers Association (ABA) has updated its cybersecurity guidance for banks, emphasizing the importance of proactive measures and resilience…

2 months ago

Kenya Approves Nine Firms to Inspect Goods Before Import

The Kenya Bureau of Standards (KEBS) has authorized nine firms to conduct inspections of imported goods prior to shipment from…

2 months ago

World Bank Approves $400 Million for Lesotho’s Economy

The World Bank has pledged $400 million to Lesotho to promote inclusive growth within the nation. The commitment aims to…

2 months ago

Pictet Enters African Market as Foreign Banks Retreat

Banque Pictet & Cie, a Swiss private bank and financial services group, has established its first office in Africa. The…

2 months ago

Pictet Bank Opens South Africa Office

Pictet, a privately owned wealth manager, has received regulatory approval to establish a representative office in South Africa. The move…

2 months ago

Bank CEOs Discuss AI’s Impact on Workforce

A recent survey by EY indicates that a majority of financial services CEOs do not anticipate significant workforce reductions due…

2 months ago

China’s Duty-Free Imports to Boost Kenya and African Economies

China announced plans to eliminate tariffs on imports from almost all African countries. The move aims to bolster trade relations…

2 months ago