Category: Banking Industry
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🇬🇦🇫🇷 French President Emmanuel Macron continues his African tour in Libreville
French President Emmanuel Macron continued his African tour in Gabon after participating in the final session of the G20 summit in Johannesburg. This is the first state visit by the French president to Gabon since Brice Oligui Nguema took power in a coup that toppled the former leader, Ali Bongo. In his speech, Oligui Nguema…
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🌍 Four African Countries Removed From Global Illicit Money Flow List
In a major boost for Africa’s financial reputation, the Paris-based Financial Action Task Force (FATF) has officially removed Burkina Faso, Mozambique, Nigeria, and South Africa from its “grey list” — a designation for countries under increased monitoring for weaknesses in combating money laundering and terrorist financing. A New Chapter for Four Reform Leaders 🇧🇫 Burkina…
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Leading Fintechs in Pan-African Countries
Fintech funding and market size vary significantly across African countries, with Nigeria, South Africa, and Egypt consistently leading in both venture capital and active market volume, followed by rapidly advancing markets like Ghana, Ethiopia, Senegal, Liberia, Côte d’Ivoire, and Gambia���. Funding Leaders: Nigeria, South Africa, and EgyptNigeria is the continent’s powerhouse, often drawing a third…
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🇸🇩🇷🇺 Sudan and Russia signed a protocol on economic and trade cooperation in Moscow on September 24
🇸🇩🇷🇺 Sudan and Russia signed a protocol on economic and trade cooperation in Moscow on September 24, as well as two memorandums of understanding in the field of transport and infrastructure The eighth meeting of the Joint Sudanese-Russian Committee on Economic Cooperation ended in Moscow. The Sudanese side was headed by the Minister of Mineral…
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🇬🇳 Guinea’s Cash Crisis: Traders Count Losses as Economy Grinds to a Halt
CONAKRY, Guinea – A severe liquidity crisis is gripping Guinea, paralyzing commerce and leaving traders and ordinary citizens unable to access their own money. The acute cash shortage has sparked widespread frustration and economic anxiety, with long, snaking lines outside banks becoming a common sight across the country. For weeks, businesses have been struggling to…
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🇲🇼Malawi Could Get Its First Dollar Billionaire
According to Billionaires Africa, Malawi may soon join the list of African nations with billionaires. Banker Thom Mpinganjira is poised to become the country’s first dollar billionaire. His net worth is now estimated at over $1.12 billion, driven by a sharp rise in the shares of FDH Bank Plc — Malawi’s largest publicly listed company.…
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🇬🇭 IMF Sends Warning to Ghana After Cedi Outperforms US Dollar – What’s Really at Stake for Africa’s Economic Future
In a surprising twist that has sent ripples through global financial markets, Ghana’s national currency, the Cedi, has emerged as the top-performing currency in the world, overtaking the US Dollar in a manner few financial analysts predicted. For many Ghanaians and Pan-African economic watchers, this achievement represents more than a currency milestone—it’s a symbol of…
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🇸🇴 Senior ISIS Financier Captured in Somalia
Three suspected ISIS militants were detained in the Puntland autonomous region of Somalia, in the area of Hombays, during a joint operation involving Somali security forces and the U.S. military. Among those arrested was Abdiweli Mohamed Yusuf, identified by American intelligence as the chief financier of the ISIS “Somalia province” (Wilayat al-Somal). Yusuf is believed…
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🇱🇷 Liberia: Gov’t Launches Phase II of MSME Line of Credit with $3.5 Million Disbursement
Monrovia -The Government of Liberia (GoL), through the Ministry of Commerce and Industry and in collaboration with the Central Bank of Liberia (CBL), has officially launched Phase II of the Micro, Small and Medium Enterprises (MSME) Line of Credit under the Liberia Investment Finance and Trade (LIFT) Project. The signing ceremony, which was held at…
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African Business Potential On the Up
Low wages make it tough for the average earner to start their own formal business across much of Africa. The priciest place is Equatorial Guinea ($2,322), where a $324 paycheck means a 718% affordability rate. Fees are lower elsewhere, but so are wages. In fact, Congo is the least affordable in the world, with fees…
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