Africa

Africa

Africa’s Biggest Bank is Bulking Up to Fend Off Fintech Rivals

Standard Bank Group Ltd., Africa’s largest lender by assets, is planning to scale-up some of its operations on the continent and further digitize its...

ZamZam Bank Becomes Ethiopia’s First Islamic Bank

ZamZam Bank has obtained a license from Ethiopia’s banking regulator to carry out Islamic banking activities in the country. With this license, ZamZam became the...

Africa Re Chooses Dubai International Financial as Its First Operations Center

The Dubai International Financial Center has welcomed the accession of the African Reinsurance Company to the list of companies headquartered in the center. A statement...

Investors Scramble for Nigeria’s Islamic Bond, Defy Religious Criticism and Bid...

Nigeria’s third Sukuk bond has fetched $2.1 billion, an oversubscription of the targeted $533 million offered to investors, despite the paper eliciting religious controversy. The...

Africa Needs Co-ordinated Approach to Blockchain Regulation

A plan by young entrepreneurs in Kenya to build a golf course using Blockchain and a stable coin backed by real currency highlights the...

Mogadishu-Based Amana Bank Signs Comprehensive Software deal with Path Solutions

Amana Bank, a leading Islamic bank in Somalia today announced that it has selected iMAL, the AAOIFI-certified core banking platform from Path Solutions to...