Finance

Sharia banking for Tanzania

Stanbic Bank Tanzania, a member of the Standard Bank Group, launched Shariah banking products in Tanzania recently.

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French-Speaking Africa Triumphs at African Banker Awards 2010


French–speaking African banks celebrate their haul of the two most coveted awards on offer at this year’s African Banker Awards.

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China-Africa trade 'to top $100bn'

Beijing says its trade with Africa is on track to top US$100 bn this year as it benefits from investments in mines, farms and factories on the continent, Chinese state media reported recently.

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Micro savings and micro insurance now available via a mobile phone

M-PESA, Vodafone’s money transfer technology, now provides customers with the ability to link to an interest bearing savings account and buy insurance via their mobile.

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Nigeria creates agency to clean up bad bank debts

Nigerian President Goodluck Jonathan has approved, recently, the creation of a new government agency to buy out bad debts from the banking system.

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