Category: Pan African Banking
-
Entrepreneurs and Revolutionaries
As I read about Justice Department’s antitrust suit against Apple, I asked myself, “how is it that Apple, like so many other large companies, is so good at suppressing competition? They don’t teach you how to do that in business school. When companies become big and dominant, they become worse at many things but become very good…
-
Sam Bankman-Fried sentenced to 25 years for FTX fraud
The co-founder and CEO of FTX has been sentenced. FTX co-founder Sam Bankman-Fried was sentenced to a total of 300 months, or 25 years, in prison for seven counts of conspiracy and fraud charges stemming from the collapse of the crypto exchange he started. The judge applied a 240-month sentence and a 60-month sentence to…
-
🇺🇬 Salaam Bank launches Uganda’s first Islamic bank
A unit of Djibouti-based Salaam Group launched in Uganda on Wednesday as the country’s first Islamic banking-compliant financial institution, the Ugandan president’s office said. The launch of the Salaam Bank Limited’s operations follows a law legalising Islamic banking in the east African country last year. Islamic finance follows Islamic religious principles such as bans on…
-
Italian PM Meloni secures $8 billion Libyan natural gas deal during Tripoli visit
🇮🇹🤝🇱🇾 Italy’s prime minister held talks in Libya on January 28 with officials from the country’s west-based government focusing on energy and migration. During the visit, Italy’s state-run energy company, ENI, signed an $8 billion deal with Libya’s National Oil Corporation to develop two Libyan offshore gas fields. The agreement involves developing two offshore fields…
-
South African pension fund attack admitted by LockBit
South Africa’s Government Employees Pension Fund, which is the largest fund of its kind in Africa, was claimed to have been compromised by the LockBit ransomware operation in an intrusion last month that resulted in operational and pension payment disruptions, according to The Record, a news site by cybersecurity site Recorded Future. Advertisement Such claims…
-
U.S. Sanctions 3 Cryptocurrency Exchanges for Helping Russia Evade Sanctions
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three cryptocurrency exchanges for offering services used to evade economic restrictions imposed on Russia following its invasion of Ukraine in early 2022. This includes Bitpapa IC FZC LLC, Crypto Explorer DMCC (AWEX), and Obshchestvo S Ogranichennoy Otvetstvennostyu Tsentr Obrabotki Elektronnykh Platezhey (TOEP).…
-
Tunisia’s central bank keeps key interest rate unchanged at 8%
🇹🇳 Tunisia’s central bank has kept its benchmark interest rate unchanged at 8%, an offical at the bank told Reuters on Friday. The annual inflation rate slowed for the sixth consecutive month to 7.5% in February from 7.8% in January, official data showed this month. #Tunisia
-
Glitch allows Ethiopia bank customers to withdraw millions
Ethiopia’s largest commercial bank is trying to retrieve millions of dollars withdrawn by its customers after an incident it described as a systems glitch. More than $40m were reportedly withdrawn from the state-owned Commercial Bank of Ethiopia, or transferred to other banks, when customers found out they could take out more cash than they had…
-
Top 10: Banks in the World
Despite a tumultuous 18 months for the sector, banks make up many of the world’s largest institutions. FinTech Magazine takes a look at the big players… Banking endured a rather tumultuous 2023, as the collapse of Silicon Valley Bank and Signature Bank, among others, sent shockwaves through the industry Then there was UBS’ cut-price takeover…
Recent Posts
- African Men Exiting Traditional Workforce for Entrepreneurship
- 🇬🇭President Mahama Dedicates Modern Kasoa New Market Amid Economic Revival Push
- 🇿🇦🇰🇪🇳🇬 Top 10: Financial Services Platforms in Africa
- Africa’s telecom towers turn to solar as diesel costs surge
- 🇿🇦Once extinct flower now flourishing in a South African national park
Tags
Africa African Union Algeria Burkina Faso China Cryptocurrency DRC ECOWAS Egypt Ethiopia France Ghana Gold Guinea Haiti Immigration Israel Kenya Liberia Libya Mali Military Industries Mining Morocco Niger Nigeria Oil & Gas Industry Pan-Africanism Pan African Nations Presidential Elections Protest Republic of Liberia Russia Senegal Sierra Leone Somalia South Africa Sudan Tanzania Uganda United Nations United States United States of America West Africa Zimbabwe
Comments
Wow wonderful blog layout How long have you been blogging for you make blogging look easy The overall look of…
𝕋𝕙𝕒𝕟𝕜𝕤 𝕗𝕠𝕣 𝕥𝕙𝕖 𝕦𝕡𝕕𝕒𝕥𝕖 .