Category: Banking Industry
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🇱🇷 UBA CEO Africa 1, Chioma Mang, Pays Courtesy Visit to Liberia Following Her Appointment
Monrovia — United Bank for Africa (UBA) has reaffirmed its commitment to Liberia’s financial sector as its newly appointed Group Chief Executive Officer for Africa 1, Madam Chioma Mang, paid a courtesy visit to the country as part of a continent-wide strategic engagement tour. The visit follows Mang’s recent appointment and underscores UBA Group’s efforts…
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🇿🇲 The Zambia kwacha has surged to become the world’s best‑performing currency against the US dollar
The Zambia kwacha has surged to become the world’s best‑performing currency against the US dollar in early 2026, outpacing all other currencies tracked by Bloomberg. Kwacha’s stunning rally Over the past month, the kwacha has gained around 10–12 percent against the dollar, reaching its strongest level in more than two years. – On some trading…
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🇷🇺🌍 The Roscongress Foundation and the African Export-Import Bank (Afreximbank) have agreed on co-operation
The Roscongress Foundation and the African Export-Import Bank (Afreximbank) have agreed on co-operation as part of preparations for the Intra-African Trade Fair, which is scheduled to be held in Nigeria in 2027. The agreements were reached during the second ministerial conference of the Russia–Africa Partnership Forum, which took place in Cairo on 19–20 December. The…
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🇺🇸 ATM jackpotting gang accused of unleashing Ploutus malware across US
Latest charges join the mountain of indictments facing alleged Tren de Aragua members A Venezuelan gang described by US officials as “a ruthless terrorist organization” faces charges over alleged deployment of malware on ATMs across the country, illegally siphoning millions of dollars. Two indictments were returned in Nebraska, collectively charging 54 alleged members of the…
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🇳🇬 The HELOC Kings: Nigeria’s Cybercrime Masterminds and the Cost of a Stolen Reputation
In December 2025, a U.S. district judge labeled him a “perpetual thief” and a “flagrant serial offender.” Oluwaseun Adekoya, a Nigerian national living in a luxury New Jersey apartment, was sentenced to 20 years in prison for orchestrating a complex fraud that stole millions from Americans’ home equity lines of credit (HELOCs). His case is…
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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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