$52m increase in Egypt’s foreign exchange to hit $44.11bn

Posted by - April 3, 2019

The Central Bank of Egypt (CBE) has announced an increase in foreign reserves by $52m by the end of March 2019, reaching $44.11bn, compared to $44.06bn by the end of February 2018. This level of reserves covers more than eight months of commodity imports in Egypt. The foreign exchange reserves increased by 14.9% or $5.53bn

10 Banks Facilitate N139trn Investment on FMDQ OTC Securities Exchange

Posted by - February 6, 2019

Stanbic IBTC Bank Plc, Access Bank Plc, Ecobank Nigeria Limited led the top 10 banks that facilitated N139.13 trillion investment in fixed securities and currency on the FMDQ OTC Securities Exchange in 2018. The 10 banks accounted for 76.1 per cent of the N182.856 trillion total transactions in the market in 2018, according data. However,

Econet to list EcoCash on Zimbabwe Stock Exchange

Posted by - October 1, 2018

Zimbabwe mobile money platform, EcoCash is to be unbundled from the mobile network operations of Econet Wireless as the company pushes to list the mobile money platform separately on the Zimbabwe Stock Exchange (ZSE). According to Charles Banda, group company secretary for Econet Wireless, “this is still subject to regulatory and shareholder approvals”. In a

Securities and Exchange Commission de-lists UT bank

Posted by - August 14, 2017

The Securities and Exchange Commission has announced, it has de-listed UT bank from the Ghana Stock Exchange. The move is a corollary to the withdrawal of the bank’s license by the Bank of Ghana. A statement from the commission also said the bank breached exchange rules after failing to publish its financial statement since 2015.