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Prest secures Zambia court victory in Investrust stake dispute
Business and Economy

Prest secures Zambia court victory in Investrust stake dispute

Nigerian investor Prest is pursuing legal action to recover the value of a 24.8% stake in Investrust Bank, which he says was effectively eliminated when

Grey Adds USD Payments to Global Business Banking
Business and Economy

Grey Adds USD Payments to Global Business Banking

Grey has expanded its business banking services to include USD business accounts, bulk payments, and support for the USDC stablecoin, all within a single platform.

African Development Bank Funds Solar Project for Eritrea
Business and Economy

African Development Bank Funds Solar Project for Eritrea

The African Development Bank (AfDB) has approved $58.04 million in grant funding to support a solar mini-grid project in Eritrea’s Gash Barka region. The region,

UK bank sells Botswana subsidiary amid takeover interest
Business and Economy

UK bank sells Botswana subsidiary amid takeover interest

Standard Chartered Plc is exploring the sale of its corporate and investment banking, retail, and wealth management units in Botswana. The London-headquartered bank has reportedly

DR Congo to Add State Gold to Central Bank Reserves
Business and Economy

DR Congo to Add State Gold to Central Bank Reserves

The Democratic Republic of Congo (DRC) is partnering with DRC Gold Trading SA to supply gold sourced from artisanal mining operations to the central bank.

Finovate East Africa Explores Digital Banking and Payments
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 secures investment in Zambia Zambian

South African Banks Issue $322 Million Loss Buffer
Business and Economy

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. This framework aims to ensure

Kenyan AI innovators compete in US program
Business and Economy

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 supported by the United States.

Euro holds near $1.19 ahead of delayed US jobs report
Business and Economy

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 in the face of evolving

Kenya Approves Nine Firms to Inspect Goods Before Import
Business and Economy

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 exporting countries. This initiative is