Financial

Some 5000 businesses to receive GH¢50m support

Some 5000 businesses to receive GH¢50m support

A total of 5,000 businesses will be funded with a GH¢50 million seed capital under the Presidential Business Support Programme Window three to scale-up their businesses.Since t…...

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Sh28bn Railway City takes shape as authority formed

Sh28bn Railway City takes shape as authority formed

The much-awaited Sh28 billion Nairobi Railway City has started taking shape after the formation of the Railway City Development Authority (RCDA), a special purpose vehicle.The first…...

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Public-private sector investments needed for infrastructural development

Public-private sector investments needed for infrastructural development

Mrs Elsie Addo Awadzi, the Second Deputy Governor of the Bank of Ghana, said critical public-private sector investments in infrastructure over the medium-term will be key to increas…...

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Nigeria’s Access Bank injects $9m into Rwandan subsidiary

Nigeria’s Access Bank injects $9m into Rwandan subsidiary

Nigeria’s largest retail bank, Access Bank Plc, has more than doubled its investment in its Rwandan subsidiary after acquiring Kenya’s Transnational Bank four months ago.Access …...

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Family Bank books 85pc rise in profit on improved lending

Family Bank books 85pc rise in profit on improved lending

Family Bank has recorded 85 per cent jump in net profit for the three months to March as removal of the rate cap in November 2019 unlocked interest income.The lender’s net profit g…...

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First quarter real-time bank transfers rise fastest in six years

First quarter real-time bank transfers rise fastest in six years

Bulk payments made through real-time bank transfers in the first quarter of 2020 rose at the fastest pace in six years, official statistics show. This partly signals progress in the…...

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Card payments up Sh1.6bn despite corona demand slump

Card payments up Sh1.6bn despite corona demand slump

The value of payments made through cards grew by Sh1.64 billion in the first three months of the year as the Covid-19 pandemic discourage cash handling.Central Bank of Kenya (CBK) d…...

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A Fintech & Innovations office for Bank of Ghana

A Fintech & Innovations office for Bank of Ghana

The office will foster the growth and development of financial technology in the country. The move by the Bank of Ghana is long overdueand aims at entrenching cash-lite, electronic …...

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Corona virus is triggering deep digital change in African fintech

Corona virus is triggering deep digital change in African fintech

The ongoing COVID-19 pandemic continues to wreak havoc on the global economy.This crisis has become the single biggest catalyst for a digital transformation.For organisations and bu…...

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Africa Business Networks Push for AfCFTA Enactment

Africa Business Networks Push for AfCFTA Enactment

African Business leaders have appealed to governments to take the African Continental Free Trade Agreement (AfCFTA) deal negotiations on July 1 seriously to enable the continent is …...

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