The Cinema Exhibitors Association of Nigeria (CEAN), the country’s premier Film Trade Association Body, has announced good news for cinema lovers on the occasion of the International Cinema Day. Opeyemi Ajayi, the chairman of the Cinema Exhibitors Association of Nigeria (CEAN), said in a statement on Tuesday in Lagos that cinema lovers would enjoy discounted […]
The spread of the Covid-19 pandemic across Africa has considered a surge in digital payments and e-commerce transactions as economic institutions scramble to provide organizations and consumers contactless methods of spending, borrowing and lending, and making payments. Cashless solutions like mobile lending and digital repayments had been already growing hastily on the continent even earlier […]
Morocco’s central bank, Bank Al Maghrib (BAM), recognized 9,575 counterfeit banknotes in 2019, worth MAD 1.5 million ($161,000). The number of counterfeit banknotes extended with the aid of 6% in contrast to 2018, a press launch from BAM announced on Monday, August 3. More than two-thirds of the counterfeit banknotes (69%) have been of a MAD 200 ($21) value—the highest-value banknote in Morocco. […]
Standard Bank, which has come under fire for continuing to fund new fossil fuel projects on the continent, says it will do proper diligence to ensure that the projects it invests in do not harm society – but it will not let climate groups dictate how the bank is run. Speaking at the banking group’s […]
The Standard Bank Group share price declined by more than 5 percent on the JSE on Monday after the group flagged an earnings decline of more than 20percent as the Covid-19 outbreak continues to spook the global markets. The bank said that its headline earnings per share (Heps) and earnings per share (Eps) would tumble […]
High forward-looking loan provision in the wake of Coronavirus dent banks’ profits in the first three months of the year. Kenya adopted the IFRS19 accounting standard that requires financial institutions to provide for unforeseen defaults beforehand. An analysis of Q1 financial statements for three lenders that released their results last week shows KCB Group, Cooperative […]
The Reserve Bank of Zimbabwe (RBZ) introduced more measures yesterday affecting EcoCash agents as part of what is now seen as a policy to bring EcoCash agents into the formal banking system and ensure they are controlled. Banks holding mobile money trust accounts are now only allowed to let their account holders pay into those […]