AFD enters partnership with the IDB to develop Islamic finance in North Africa


The French Development Agency (AFD) signed on January 18th an agreement with the Islamic Development Bank (ISBD) in order to broaden its range of Financial tools to the Islamic finance sector, first targeting Morocco, Tunisia and Egypt.

Cashless policy 'will cut Nigerian money laundering'


Money laundering in Nigeria's financial system will be reduced by the introduction of a cashless policy, according to the Chief Executive of the Union Bank of Nigeria.

Zantel improves mobile payment offering


Mobile phone network Zantel has relaunched its mobile payment service in Tanzania, giving customers access to new features.

Madagascar: 13 percent increase in the volume of outstanding loans


The volume of outstanding loans of the Malagasy banking sector in 2011 has witnessed a growth comprised between four and five percent, announced Philippe Lame, CEO of BFV Société Générale.

Increased capital requirements 'will stabilise Zambia banking sector'


Zambia's banking sector will be stabilised by a move to increase the minimum capital requirements for investors planning to set up commercial banks, the former President of the Bankers Association of Zambia has claimed.

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