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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
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
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
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
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.
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
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
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 bolster human capital development and
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 firm received regulatory approval to
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 marks the firm’s first physical