2 mn read ccess Bank plans to combine ABCT with the consumer and private banking business of Standard Chartered Bank Tanzania when acquired to create an enlarged entity within the Tanzanian market. Access Bank completed the acquisition of the controlling stake in African Banking Corporation of Tanzania (ABCT), the parent company Access Holdings said on Monday, nearly eleven […]
< 1 mn read For the first time in 2024, Egypt’s interest rate has stabilized. The Central Bank announced on Monday that the rate is now 27.75%, following two consecutive hikes totaling 800 basis points. Inflation also fell to 28.1% in May, down from 32.5% in April. This stabilization follows the government’s decision to liberalize the Egyptian pound’s exchange […]
2 mn read NATO Secretary General Jens Stoltenberg is set to visit Budapest this week to meet with Hungarian Prime Minister Viktor Orbán. “It is part of my job as secretary general to see the leaders of NATO countries to make sure we have an agreement,” Stoltenberg explained in Riga at a B9 Summit press conference. “I look […]
< 1 mn read Investec CEO Fani Titi said that South Africa cannot afford the instability and uncertainty that comes with coalition governments that implode. INVESTEC CEO Fani Titi said that South Africa cannot afford the instability and uncertainty that comes with coalition governments that implode. Titi used the coalition failures in the Johannesburg and Ekurhuleni metro’s over the […]
2 mn read Elon Musk is ready to ban Apple devices at his companies if they install OpenAI’s ChatGPT into their iPhones. Apple announced at their development conference on Monday they are integrating ChatGPT into the operating systems of MacBooks and iPhones, so they can use the AI chatbot’s capabilities “without needing to jump between tools,” according to […]
< 1 mn read Access Bank Plc has announced that it has successfully completed the acquisition of African Banking Corporation (Tanzania) Limited in line with its strategic expansion goals. Access Bank, in a statement on Monday, stated that the milestone achieved by the bank follows the its initial announcement in July 2023 and marks yet another step in its […]
< 1 mn read The naira appreciated against the dollar at the official foreign exchange market on Monday. FMDQ data showed that the naira appreciated slightly to N1,483.62 against the dollar on Monday from N1,483.99 traded last Friday. This represents N0.37 gain compared to N1, 483.99 traded last Friday. Similarly, at the parallel market section, the naira increased to […]
< 1 mn read Goldman Sachs and Bank of America analysts anticipate another upswing in Chinese stocks following a recent period of consolidation. They believe that an upcoming key meeting in Beijing next month will introduce additional supportive measures to the market. Timothy Moe, chief Asia-Pacific equity strategist at Goldman Sachs, describes the recent pullback as a “healthy correction” […]
2 mn read Chivita Hollandia (CHI Limited), as a leading manufacturer of fruit juice and value-added dairy products, celebrated this year’s Children’s Day with a delightful blend of fun activities and the nourishing goodness of its brands. Recognizing the significance of this special day in honoring the future leaders of tomorrow, Chivita Hollandia reaffirmed its commitment to the […]
< 1 mn read The Central Bank of Nigeria (CBN) wants to reassure Nigerians to continue their regular banking activities without any apprehension. Hakama Sidi-Ali, the Acting Director of Corporate Communications Department at the apex bank, reiterated this assurance in a statement released on Monday in Abuja. Sidi-Ali addressed concerns raised in some quarters regarding the stability of certain […]
