Debt forgiveness to prominent Nigerians and companies is generating furore among shareholders, banking officials and other stakeholders who see it as politically-motivated and undue favour to beneficiaries.

The Central Bank of Nigeria, CBN, says only one apex microfinance banking organisation is acceptable in the sub-sector of the Nigerian economy.

The Federal Mortgage Bank of Nigeria (FMBN) has announced a rebranding campaign tailored to the pursuit of its mandate of assisting every Nigerian to own a house of his or her choice. The bank believes that the exercise would create

Bank Windhoek's Capricorn Branch was officially opened on Thursday, 19 November 2009 at an event hosted by the branch to celebrate its new name and relocation.

The Development Bank of Namibia (DBN) on Wednesday donated N$1 million towards the repair costs of two badly flood-damaged schools in the north.

RESERVE Bank of Zimbabwe (RBZ) governor Gideon Gono on Friday said the reintroduction of the Zimbabwe dollar is still a long way off, ending speculation the battered currency is on its way back. Over the past weeks, speculation has intensified

First National Bank of Namibia opened its doors more than 100 years ago and since then has been involved in giving back to communities to help them grow by supporting the economic well-being and quality of life for everybody."

BANKERS have been urged to learn sign language to aid deaf people in accessing banking services.

Mr Kwesi Bekoe Amissah-Arthur, Governor of Bank of Ghana (BoG), has challenged banks to double efforts in order to serve as financial mediators in transforming the economy for the better.

British firm Solo Oil will spend $10.7 million to fund a buyout agreed upon with Aminex for a 12.5 per cent interest in the Likonde-1 well in Southern Tanzania.

THE Uganda Insurers Association has retained the best business associations and community awards 2009, beating over 400 contenders to the crown.

STARTING and running a small business successfully is rewarding but as the business grows, it is likely that external financing will be required. For most business people, however, going to a formal financial institution to borrow money is always a

A Chinese energy firm has chosen Kenya as its entry point into East Africa, where it expects to invest millions of dollars in the next three years.

Chief of Army Staff, Lt Gen AB Dambazau last weekend commended the corporate social responsibility activities (CSR) of Skye Bank PLC, describing the bank as a responsive and responsible financial institution that is always willing to give back to the

European private investors are hungry for shares in unlisted African firms and could provide the needed shot in the arm for a continent that has taken a beating from the financial crisis the West is emerging from, reports LEE MWITI

Central Bank of Kenya is asking borrowers in East Africa to negotiate for loans at more affordable interest rates.

FRIDAY'S conclusion of the Bilateral Investment Promotion and Protection Agreement (Bippa) between Zimbabwe and South Africa is a momentous occasion. It signals the beginning of the race by outsiders to invest in this country.

Bad loans continued to batter the East African Development Bank, which posted a second straight loss for the past fiscal year as investors held on to money they had promised to advance the Bank for on-lending.

The permanent secretary, Federal Ministry of Commerce and Industry, Dr. Abubakar Mohammed, has called on Taiwanese businessmen to avail themselves of the great opportunities in Nigeria.

Officials from the Economic Community of the Great Lakes Countries (CEPGL) member states of Rwanda, Burundi and DRC, along with experts from Belgium and the African Development Bank (AfDB), are meeting in the Congolese town of Goma to discuss the