banks

In the vast, ever-evolving landscape of African economies, a quiet resilience often dominates the narrative. While major players like South Africa and Nigeria have been grappling with economic challenges and currency depreciation, Ghana, with its fortitude, presents a compelling case study in banking resilience. As the world turns its gaze towards West Africa, Ghanaian banks stand firm, holding strong Tier 1 capital positions that inspire confidence and stability. Performance of…

World Bank's Climate Finance Faces Scrutiny: Oxfam Rings the Alarm Bell November 2024 – Nairobi — Oxfam International is sounding the alarm over the World Bank’s climate finance, pointing out murky waters in the Bank's transparency and accountability. Their latest doc, "Climate Finance Unchecked," pulls back the curtain on some dodgy discrepancies between budgeted and real spending in climate projects, hinting at shaky foundations in the fight against global warming. Drilling into data from 2017 to 2023, Oxfam spotlights…

Salaam Somali Bank, a leading privately owned bank in Somalia, is making an excellent contribution to the country's economic growth by offering free microfinance funds for small business development. On Saturday, March 27, 2021, the bank's branch in the Afgoye district of the Lower Shabelle region provided funds to the local merchants, thanking them for timely and much-needed support that will help increase their trade. The recipients of the free microfinance program express their gratitude to the management and staff…

An internal investigation by the Congolese central bank revealed more than a year ago embezzlement at its branch in Lubumbashi. Billions of Congolese francs would have been diverted there as they had to be destroyed or re-injected into the banking system. RFI was able to hear this file so far remained confidential. "I have nothing to do with these stories."…