African Financial Sector News

Nigeria: Union Bank introduces first bot software for banking services and operations

30.05.2018

 | Source: Ecofin Agency

The NSE-listed Union Bank of Nigeria announced last May 22 it will deploy an innovative Robotic Process Automation (RPA) technology for banking operations.

France announces 65 million euros of investments for African startups

29.05.2018

 | Source: Financial Afrik

France plans to invest 65 million euros (42.6 billion FCFA) in Africa to support burgeoning technological start-ups, said President Emmanuel Macron on Thursday during the inaugural ceremony of the 3rd edition Viva Technology (VivaTech), which is being held from May 24 to 26 in Paris.

Ghana: President Nana Akufo-Addo supports central bank reforms

25.05.2018

 | Source: FinancialAfrik

“We can not afford instability or recklessness in the banking and financial sectors. Because any loss of confidence in the banks can only produce a ripple effect on the stability of the economy as a whole."

Uganda: BOU Announces Changes in Sale of Govt Securities

23.05.2018

 | Source: The Independent; All Africa

Players in the government securities market are set to deal with the new rules effective July 2, 2018.

Nigeria: Emefiele Warns Banks On Emerging Threats

23.05.2018

 | Source: The Guardian; AllAfrica

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has charged banks and other financial institutions to be proactive about the emerging threats posed by financial technology (fintech) to avoid crisis in the sector.

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