Category: Banking Industry
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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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Ghana’s Central Bank to Regulate Crypto by September 2025
The Governor of the Bank of Ghana (BOG), Johnson Asiama, announced that the central bank plans to begin regulating cryptocurrency and related platforms by the end of September 2025, pending the passage of the Virtual Asset Providers Act. Speaking in Washington, D.C., Asiama stated that the BOG is establishing a dedicated digital assets unit, recognizing…
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🇬🇭Ghana’s Cedi Strengthens Marginally Against Major Currencies
Ghana’s local currency, the cedi, has recorded slight gains against major trading currencies, particularly the US dollar, at various forex bureaus across the country. This development brings cautious optimism among businesses and consumers who have closely monitored the cedi’s performance amidst economic fluctuations. A Positive Turn for the Cedi Over the past weeks, traders and…
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Bitcoin ban: African countries where crypto is restricted or illegal
Bitcoin has been controversial since its beginning in 2009, as have the subsequent cryptocurrencies that followed in its wake. Due to its extreme volatility, its use in nefarious transactions and the exorbitant use of electricity to mine it, the legal status of the digital currency varies substantially from country to country. But as more Africans…
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U.S. House Financial Services Committee Debates Trump Administration Tariffs’ Impact on Small Banks
Date: February 10, 2025Author: PanAfrican.Email During a pivotal House Financial Services Committee hearing on Wednesday, Rep. Maxine Waters (D-CA) led a robust discussion on the potential repercussions of the Trump Administration’s proposed tariffs, particularly their impact on small banks. The hearing, which brought together financial experts, policymakers, and industry leaders, highlighted growing concerns over how…
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The Rise of Memecoins in Africa: Opportunities, Risks, and Market Potential Through 2030
The year 2024 witnessed an unprecedented surge in the popularity of memecoins, with their combined market capitalization surpassing $130 billion. These cryptocurrencies, often inspired by internet memes and cultural references, have captivated investors worldwide. In Africa, the memecoin phenomenon has gained significant traction, leading to the emergence of region-specific tokens that resonate with local communities.…
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