Banking & Finance

Nigeria eases lockdown, asks deposit banks to resume on 4 May

Nigeria bank 4 MayNigerian Banks were given the green light to open from 4 May as the lockdown in Lagos and Ogun States and Abuja, imposed on 30 March to reduce the spread of COVID-19, is gradually eased

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Cloud-computing to reduce banking costs in Africa

Cloud computing ATR and CAFMore than 700mn Africans lack access to a bank or mobile money account and only 41 per cent of Africans are financially included, according to the report Cloud Banking in Africa: The Regulatory Opportunity by Genesis Analytics and Orange Business Services

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AfDB places Zhongmei Engineering Group on conditional non-debarment

AfDB ZEG fraudThe African Development Bank (AfDB) has announced a 12-month conditional non-debarment of Zhongmei Engineering Group Limited, an engineering company registered in Uganda

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AfDB's ‘Fight COVID-19’ social bond listed on London Stock Exchange

15046016874 038dcc94f1 oThe African Development Bank’s (AfDB) ‘Fight COVID-19’ social bond was listed on London Stock Exchange on 3 April 2020

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MTN Group considers selling part of its stake in Nigeria

MTN Bola businessMTN Group is considering selling part of its majority holding in its lucrative Nigerian arm despite the negative economic impact of COVID-19, according to Ralph Mupita, MTN Group financial officer

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