The Economic Community of West African States’ (ECOWAS) Single Currency Programme, expected to become a reality in 2020, must not be postponed again
Finance
Focus on Africa’s private sector, says philanthropist Tony Elumelu

Tony Elumelu spoke about the significance of Africapitalism, and how it could positively impact the African economy. (Image source: OECD Development Centre/Flickr)
A dedicated focus on Africa’s private sector would provide the much-needed economic boost to the continent, said African businessman and philanthropist Tony Elumelu
KCB adds 1.8mn mobile customers in Kenya

Mobile banking makes it easier to access financial services in Kenya. (Image source: Gates Foundation/Flickr)
Kenya Commercial Bank (KCB) has signed up 1.8mn subscribers for its mobile phone-based banking services, according to the bank’s chief financial officer Lawrence Kimathi
Ecobank Transnational to get a new group CEO
Ecobank Transnational Incorporated has appointed Ade Ayeyemi as the new group CEO, and his new role is effective 1 September 2015
FDI values in Africa hit five year high

Rising urbanization across Africa has driven economic growth in the continent. (Image source: Bill Kret)
The 2015 Africa attractiveness survey conducted by Ernst and Young (EY) revealed that foreign direct investment (FDI) into Africa reached US$128bn, up 136 per cent in 2014