Tag: African banking
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🇲🇦 Société Générale Ghana Changes Hands as Moroccan Banking Giant Attijariwafa Bank Takes Control
Morocco’s Attijariwafa Bank is set to become the majority shareholder of Société Générale Ghana after acquiring 55.22% of the bank, while Ghana’s SSNIT increases its stake to 24.36%. The transaction marks a major shift in Ghanaian banking ownership and strengthens financial links between North and West Africa.
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🇬🇭 🇨🇳 Ghana Opens Direct Cedi-to-Yuan Payment Channel With China, Reducing Reliance on the Dollar
Ghana has launched a direct cedi-to-yuan payment mechanism that allows businesses to settle eligible China trade transactions without using the US dollar as an intermediary. Piloted by Stanbic Bank Ghana, the system uses China’s CIPS network and could reduce settlement times and foreign-exchange costs while strengthening Ghana-China trade.
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🇬🇲 The Gambia’s Local Jobs Push Tests the Future of West African Free Movement
The Gambia’s reported decision to require commercial banks to prioritize qualified Gambian workers by the end of 2026 is reopening a wider West African debate over local employment, migration and ECOWAS free movement. As Banjul seeks to address youth unemployment and build domestic skills, the policy raises questions about how national job protection can coexist…
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Africa’s Banking Leaders Chart the Future of Finance at Bloomberg Africa Business Summit 2025
Johannesburg, South Africa — Africa’s banking industry is entering a defining era, driven by rapid technological innovation, stronger regulatory frameworks, and evolving customer expectations. These themes took center stage at the Bloomberg Africa Business Summit 2025, where four of the continent’s leading banking executives discussed the opportunities and challenges shaping the future of African finance.…