Banking and Insurance

News : Banking and Insurance

Uganda: Bou Transfers Staff At Currency Centres

[Monitor] Bank of Uganda has transferred several staff at its currency centres across the country in a move authorities say seeks to mitigate risks and strengthen internal controls in the currency operations. (AllAfrica)

Sudan: War Crimes Victims Accuse French Bank of Complicity in Regime Abuses

[VOA] Sudanese victims of war crimes Thursday filed a criminal complaint against French bank BNP Parisbas for alleged complicity in human rights abuses committed by Sudan's regime. (AllAfrica)

Tanzania: BoT Guarantees Loans to Miners

[Daily News] SMALL scale gold miners can secure Bank of Tanzania (BoT) loan guarantee of up to 500m/- through the registered commercial banks in the country, the central bank announced here yesterday. (AllAfrica)

Kenya: ATM Heist - Kenya Defence Force Woman, Three Police Officers Arrested

[Nation] A Kenya Defence Force (KDF) officer and three Administration Police constables, who belong to the same family, have been arrested in connection to the Sh72 million StanChart ATM heist in Nairobi West. (AllAfrica)

Ghana: FBNBank Holds Draw for 'Save and Win' Promotion

[Ghanaian Times] THE first mini draw of the 'Save and Win' Promotion of FBNBank has been held with 10 customers walking away with variety of prizes. (AllAfrica)

Liberia: Liberia Insurance Association Installs New Leaders

[Observer] Liberia Insurance The newly installed President and Chairman of the Board of the Liberia Insurance Association, Prof. Saye D. Gbalazeh, giving his installation speech at the ceremony (AllAfrica)

Tanzania: Bank of Africa Secures 22.9bn/ - Capital Injection

[Daily News] BANK of Africa Group has injected 22.9bn/-new capital to the Bank of Africa Tanzania Limited to unravel the potential of the untapped Small and Medium Enterprises (SMEs), in the country through digital solutions. (AllAfrica)

Tanzania: NBC Launches Paperless Digital Banking, Ease Clients' Payments

[Daily News] NBC bank yesterday launched a hardly five minutes digital banking system and registration that would ease its customers' payments of government bills, electricity and water amongst others. (AllAfrica)

Tanzania: Central Bank Partners With Refinitiv to Boost Market Surveillance

[Daily News] GLOBAL financial market participants will now have real-time connection to the Tanzanian market following the on-boarding of Refinitiv's Market Tracker by the Bank of Tanzania. (AllAfrica)

Nigeria: Report Transactions Involving Persons, Entities Under Surveillance, CBN Tells Banks

[This Day] Financial institutions in the country under the surveillance of the Central Bank of Nigeria (CBN) have been told to increase surveillance and report all transactions involving persons and entities designated under the United Nations Security Council Resolution. (AllAfrica)

Nigeria: Cashless Policy Will Deepen Financial Inclusion, CBN Insists

[This Day] Abuja -The Central Bank of Nigeria (CBN) thursday reassured Nigerians that the resumed implementation of the cashless policy of the bank is aimed at encouraging and deepening financial inclusion through the use of alternative channels in line with global best practice. (AllAfrica)

Sudan: Criminal Complaint Against Major French Bank for 'Complicity in Sudan Atrocities'

[Radio Dabanga] Paris -The International Federation for Human Rights (FIDH) reports that nine Sudanese victims, supported by FIDH and Project Expedite Justice, have filed a criminal complaint today with investigative judges in Paris, targeting French bank BNP Paribas for alleged complicity in crimes against humanity, torture, and genocide that took place in Sudan, as well as financial offences. (AllAfrica)

South Africa: Sasbo's Bank Strike PR Coup - How Will the Union Use It?

[Daily Maverick] The bank strike that wasn't, was a brilliant public relations exercise. While the strike has been prohibited, the entire country is talking about it. The protagonists may go back to the negotiating table. The question is -- will the union make 'demands' or will it propose solutions that work for everyone, given the current reality? (AllAfrica)

South Africa: Labour Court Foils Potentially Damaging Banking Sector Strike

[Daily Maverick] The Labour Court has upheld an application to prevent an unprotected strike in the banking sector scheduled for Friday 27 September. (AllAfrica)

Kenya: KDF Officer and 3 APs Arrested Over Sh72mn ATM Heist

[Capital FM] Nairobi -A Kenya Defence Forces (KDF) officer and three Administration Police officers have been arrested over the recent robbery of Sh72 million that while being loaded into an ATM by G4S officials. (AllAfrica)

South Africa: Labour Court Halts Banking Sector Strike

[allAfrica] Cape Town -The Labour Court has interdicted a planned strike by workers in the banking sector, Business Day reports. Reasons for granting the interdict would be made clear in due course, Judge Hilary Rabkin-Naicker said. (AllAfrica)

Namibia: Local Banks Reassure On Looming South Africa Strike

[Namibian] Local banks have assured Namibians that the impending strike at banks in South Africa slated for tomorrow will not impact operations in Namibia. (AllAfrica)

Nigeria: First Bank Targets 500,000 Agents to Boost Financial Inclusion

[This Day] Abuja -First Bank Nigeria (FBN) Plc has said it plans to get on board its agent money platform up to 500,000 operators to improve access to finance and enhance financial inclusion in the country. (AllAfrica)

Zimbabwe: Treasury Bills Auction Seeks to Raise $100 Million

[The Herald] The Reserve Bank of Zimbabwe (RBZ) says it will carry out a third Treasury Bills (TBs) auction to raise $100 million. (AllAfrica)

Zimbabwe: Central Bank Dismisses Reports

[The Herald] The Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) says all bank accounts of companies implicated in financial shenanigans remain frozen. (AllAfrica)

Nigeria: NAICOM Okays 26 Insurance Firms' Recapitalisation Plans

[This Day] The National Insurance Commission (NAICOM) has approved the recapitalisation work plans of 26 insurance companies trying to raise more funds in their bids to meet its June 2020 deadline for players in the sector to shore up their capital. (AllAfrica)

Kenya: KCB Places Cash-Strapped Mumias Under Receivership Over Sh12.5bn Loan

[Capital FM] Nairobi -Kenya Commercial Bank has placed Mumias Sugar under receivership, a move it says will protect its assets. (AllAfrica)

Kenya: Apprehension As Businesses Reject Old Generation Sh1k Notes Ahead of Deadline

[Nairobi News] As the clock ticks towards the deadline for the demonetization of the old generation Sh1,000 banknotes, many businesses are already rejecting them as a way of ensuring they don't find themselves with valueless cash. (AllAfrica)

Ghana: Fidelity Bank Appoints 2 Deputy Managing Directors

[Ghanaian Times] Fidelity Bank has appointed Edward Opare-Donkor and Samuel Aidoo as Deputy Managing Directors in-charge of Operations and Support Functions, and Wholesale Banking respectively. (AllAfrica)

East Africa: Minister Lauds Airtel for EAC Transaction Services

[Daily News] THE Minister for Foreign Affairs and East African Cooperation Prof. Palamagamba Kabudi has lauded Airtel Tanzania for partnering with sister operators in East Africa to facilitate seamless transactions between Tanzania, Kenya, Rwanda and Uganda. (AllAfrica)

Ghana: Access Bank Receives ISO, Pcidss Certifications

[Ghanaian Times] In line with its commitment to provide exceptional experience to customers, Access Bank Ghana has received certification for ISO: 27001, ISO: 22301 and PCIDSS standards. (AllAfrica)

Sudan: Largest Herdsmen Insurance Policy to Be Launched Next Week

[SNA] Khartoum -The National Director of the Climate Risk Response Project Engineer Rashida Hassan Dafalla has announced that the largest herdsmen insurance policy would be launched next week on the coverage weather indicators. Engineer Rashida said, in a statement to SUNA, that the document would provide insurance coverage on pasture to adapt and reduce shocks from climate change to small pastoralists in the framework of raising awareness of the culture of weather indicators insurance, which is implemented by the Climate (AllAfrica)

Kenya: CBK - We Are Destroying Old Generation Sh1,000 Notes As We Receive Them

[Nairobi News] The period Kenyans were given by the Central Bank of Kenya (CBK) to change the old generation Sh1,000 banknotes is almost over. (AllAfrica)

Kenya: MPC Retains the 9 Percent Credit Lending Rate in Kenya

[CIO] The Central Bank (CBK) lending rate of 9% has been retained as announced in a meeting held on September 23, 2019 by the Monetary Policy Committee ((MPC). (AllAfrica)

Nigeria: Banks Grow Loans By N800bn Following CBN's Directive

[Daily Trust] Lagos -Deposit Money Banks (DMBs) in the country have grown the loan book by N800 billion in an aggressive drive to comply with the 60 per cent Loan-to-Deposit Ratio (LDR) mandate given by the Central Bank of Nigeria (CBN). (AllAfrica)

Mozambique: Third Credit Suisse Banker Pleads Guilty

[AIM] Maputo -Surjan Singh, the third of the three former executives of Credit Suisse, charged by the US justice authorities in connection with the scandal of Mozambique's "hidden debts", has pleaded guilty to one count of conspiracy to commit money laundering, according to a report by the Portuguese news agency Lusa. (AllAfrica)