As Ghana sector complete cleanup, two more banks dissolved

Posted by - January 8, 2019

Ghana’s Central Bank recently disclosed the revocation of the operating licences of two more banks, Premium Bank and Heritage Bank. Announcing the decision, Ernest Addison, Governor of Bank of Ghana, said the two years long banking sector cleanup had come to an end, leaving 23 universal banks out of an initial 35. While Premium Bank

BoG commended for its role in the growth of MoMo sector

Posted by - August 29, 2018

Senior Manager of MTN Ghana, Mr Godwin Kwami Tamakloe, has commended the Bank of Ghana for its role in the growth of the Mobile Money (MoMo) sector. According to him the central bank’s introduction of new regulations in 2015 aided the mobile money sector to grow with over GH¢2.2 billion roped into the banking sector

Africa50 Meeting: Kenyatta, Adesina Call for Accelerated Private Sector Investment in Infrastructure

Posted by - July 20, 2018

President Uhuru Kenyatta has made an urgent call for developing and funding bankable infrastructure projects to drive Africa’s growth agenda. In his keynote address at the Africa50 General Shareholders Meeting held in Kenya’s capital, Nairobi, President Kenyatta said support for bankable projects in energy, transport, ICT, water and sanitation provide unprecedented opportunities for private sector

Capital Floods in For Flourishing African FinTech And Payments Sector

Posted by - July 19, 2018

Close to US$100m of fundraising has been injected already in 2018 into Africa’s bourgeoning fintech and mobile payments sector, with a significant amount of capital still to be deployed this year, and prospects for the sector looking bullish, according to telecom, media and tech news and events company, TMT Finance. Joseph d’Arrast, EMEA Editor at

CBN Injects $210m Into Inter-Bank Forex Sector

Posted by - May 16, 2018

In another round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, May 15, 2018, injected the sum of $210million into the inter-bank Foreign Exchange Market to boost liquidity in the system. The figures released by the Bank in Abuja indicate that it allocated the sum of $100million to dealers in the wholesale sector,

Wema Bank Introduces Agent Banking in Bauchi, Targets Informal Retail Sector

Posted by - April 17, 2018

Wema Bank Plc, Nigeria’s longest serving indigenous Bank and pioneer of Africa’s first fully digital bank ALAT, has introduced its agent banking service in Bauchi as it seeks to deepen its retail footprint across informal economic sectors of the country. Agent Bank is a cost-effective medium employed by Banks to provide financial access to unbanked,

Develop Insurance Sector to Attract FDI – Activa MD

Posted by - August 19, 2017

A first class rated insurance industry can attract the needed Foreign Direct Investment (FDI) that the country requires to develop, Solomon Lartey, Managing Director of Activa International Insurance has said. The country’s insurance sector, if well developed, he said, could boost investor confidence and accelerate rapid economic development. “Every serious investor needs adequate guarantees to