African Financial Sector News

AfDB places regional integration at the heart of its 2014 African Development Report


Regional integration is viewed as a "major pillar" for Africa's development.

AfDB grants $500 million to support the launch of the Development Bank of Nigeria


The African Development Bank (AfDB) approved on December 15th a funding of $500 million (€400 million) to support the launch of the Business Development Bank of Nigeria (DBN).

IMF says South African financial sector needs more competition


South Africa needs a more competitive financial sector with a number of new, smaller banks entering the market to help lower costs, according to the International Monetary Fund (IMF).

Ethiopia's central bank sets up Financial Inclusion Council


The National Bank of Ethiopia (NBE) is setting up a Financial Inclusion Council (FIC) in a bid to increase the number of account holders in the country.

West Africa: Dakar hosts GIM-UEMOA's regional electronic banking forum


GIM-UEMOA, the interbank card switching and clearing service of the West African Economic and Monetary Union (WAEMU), held on December 13th in Dakar the third regional electronic banking forum.

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