FinTechs KoinKoin and SR FINANZMANN, have closed a $2 million private funding round in major boost to their corporate over-the-counter (OTC) business for foreign exchange and digital assets.
The funding will support the growth and expansion of the technical FX across both businesses, especially in Africa, facilitate technical upgrades and...
For most financial institutions globally, 2020 Financial Year (FY2020) is likely to be described as a year of abysmal performance, an outlier which caste malignant spell on important financial indicators, especially liquidity and profitability. Unavoidably, Microfinance Institutions (MFIs) are spared by this imminent spell. This is because; MFIs predominantly...
Almost one billion people around the world fear to lose their homes or land within five years, with owners and tenants in Burkina Faso and the Philippines the most concerned, a survey of 140 nations showed on Wednesday.
About one in five adults (19%) worry that their housing, fields or...
First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari, has revealed that the central bank’s digital currency, the e-Cedi, will be piloted by the close of this year - in a regulatory and innovation sandbox.
Within the financial sector, a regulatory and innovation sandbox is a supportive and...
Sixty youth have been trained as insurance sales agents by the National Insurance Commission (NIC) in Takoradi.
The training is to enable them have in depth knowledge about what insurance is, understand it well so they will be able to explain policies that are available to companies and individuals who...
The Agricultural Development Bank (ADB) has posted impressive financial growth in its half-year results, even in the face of the Coronavirus pandemic that has wreaked havoc on all sectors of the economy, including the financial sector.
The unaudited half-year results published by the Bank last week showed growth in all...
In yet another example of his love for humanity, Vice President Dr. Mahamudu Bawumia has built, furnished and formally handed over a two-bedroom house to an 82-year old cured leper who had been abandoned by her family at Motori in the Wa West district of the Upper West Region.
Dr....
Unilever Ghana Limited has published its 2020 half-year unaudited financial accounts. The company posted a revenue of GH¢204.1million for the period, compared to GH¢314million in the same period last year.
The company explained that even though a decline in revenue was posted for the period compared to the corresponding prior...
The ECOWAS Bank for Investment and Development (EBID) has obtained a line of credit worth forty billion francs CFA from the Bank of Africa Group (BOA Group) for the financing of private sector projects aimed at boosting commerce and industries in the fifteen ECOWAS member-states.
Signing the loan agreement marks...
The National Pension Regulatory Authority (NPRA) has said that one of its major aims is to regulate the pension sector in a manner that would lead to poverty reduction nationwide.
According to the NPRA, data available to the authority reveal that many people are faced with poverty issues immediately when...