Bank

In a daring cyber heist, a hacking group known as “Waste” infiltrated the Bank of Uganda’s IT systems and transferred 62 billion Ugandan shillings ($16.8 million) earlier this month. The attackers, allegedly based in Southeast Asia,…

How much money did Liberia's former administration leave in the state coffers when it left power? President Joseph Boakai who was sworn in on 22nd January said on Monday that the balance recorded was US$20.5 million, not US$40 million,…

World Bank President David Malpass says in a press conference in Niamey on Thursday that security and energy were "indispensable for development" in the Sahel, at the end of a two-day visit to Niger. "Today, energy is very important. We…

The view of a cybercafé is commonplace in The Congo, Gloire Ness a 21-year old from Bacongo in Brazzaville managesa small business. On a daily basis, he has to deal with issues ranging from blackouts to poor access to Internet. "The…

Tanzanian President Samia Suluhu Hassan has appointed Emmanuel Tutuba, previously a permanent secretary at the Ministry of Finance and Planning, to the position of central bank governor. Tutuba replaces Florens Luoga, who reached the end…

The Pokuase motorway interchange in the Ghanaian capital Accra is the first of its kind in West Africa. Another major focus for this year's meeting in Accra was the rollout of a $25 billion (€23 billion) initiative called the Africa…

South Africa's central bank will keep its repo rate on hold next week as inflation remains benign but raise rates early next year to keep prices lower. The economy was predicted to contract this quarter due to riots and the coronavirus…

Nigerian Unity Bank Plc says it will provide additional funding to no fewer than 120,000 smallholder maize farmers in Nigeria in the 2021 wet season farming in the nation. Managing director/Chief Executive Officer, Tomi Somefun,…

The African Export-Import Bank (Afreximbank) has announced the commencement of construction of the Africa Quality Assurance Centre (AQAC) in Ogun State, Nigeria. The Centre will be a state-of-the-art facility with the capacity to offer…