Category: Banking & Fianace

Bank of Algeria joins Pan-African Payment and Settlement System (PAPSS) network, accelerating financial integration in Africa as Algeria prepares to host Intra-African Trade Fair 2025 (IATF2025)

The Pan-African Payment and Settlement System (PAPSS) launched by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has officially welcomed the Bank of Algeria into its growing network says an official statement issued in Cairo,Friday. Algeria,the statement noted, now becomes the 18th country of presence for PAPSS, marking a significant step in advancing Africa’s journey towards deeper financial integration. This development is expected to further support cross-border payments and enhance the regulatory framework governing intra-African trade.…

Read More →

Backbase and African Banker launch landmark report on the future of digital banking in Africa

Backbase, the global leader in Engagement Banking, in partnership with the African Banker magazine, has launched the inaugural report in the Africa Digital Banking Experience Series 2025, a timely publication that explores the transformation of banking across the continent in an age of hyper-personalisation, AI integration, and financial inclusion.an official statement disclosed on Wednesday. The report “Retail banking: Competing for the modern African customer” is based on an exclusive survey of over 200 senior banking executives across 40 African countries. It provides a detailed, data-driven analysis of how African banks are shifting from…

Read More →

Blockchain Fintech Shiga Digital Empowers African Businesses with Digital Finance Tools

ABU DHABI, United Arab Emirates, August 5, 2025/ — Shiga Digital (https://Shiga.io), a fast-growing fintech company focused on blockchain-based financial applications, is redefining how pan-African businesses access and interact with modern financial services while unlocking the transformative potential of blockchain finance to empower Africa’s economic growth. Shiga Digital has recently been awarded the prestigious DIFC (Dubai International Financial Centre) Innovation License, marking a significant regulatory milestone that underscores the company’s commitment to operating within a robust and well-respected regulatory framework. The additional license, overseen by the Dubai Financial Services Authority…

Read More →

Regulatory Risk, Reputation, and the New Role of Comms in Africa (By Laila Bastati, Chief Commercial Officer, APO Group)

Why communications is now a compliance function – and what African markets reveal about risk, regulation, and trust in 2025 Strategic communications is in a pressure phase. Regulation is moving faster. Investors are watching harder. And public backlash arrives in hours, not days. Across industries, communications is no longer just about visibility – it’s about viability. For leaders in Africa’s most dynamic sectors, comms has become a frontline function for managing regulatory complexity, investor expectations, and social trust. It’s no longer optional. It’s operational. In Africa, where younger regulatory systems…

Read More →

Libya Islamic Bank-Backbase Join Hands to Bring Digital-first Banking to Libyan Customers

Backbase, the global leader in AI-powered banking technology, has announced in Tripoli,Thursday,the recent successful platform launch of Libyan Islamic Bank (LIB), one of the country’s fastest-growing financial institutions. This achievement,the announcement noted, represents Backbase’s first platform launch in Libya, underscoring its commitment to expanding state-of-the-art, customer-centric banking across North Africa. From ambition to impact As a digitally focused bank, LIB set out to differentiate itself through an experience-led approach to banking. In collaboration with Backbase, the bank laid the groundwork for a customer-first operating model that is built for speed,…

Read More →

CIBAFI and The BIBF Sign MoU to Advance Innovation and Sustainability in Islamic Finance

 In a significant move to foster innovation and sustainability in the Islamic financial services industry, the General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Bahrain Institute of Banking and Finance (BIBF) have signed a Memorandum of Understanding (MoU) to enhance cooperation and advance joint strategic initiatives an official statement disclosed in Manama,Bahrain,Sunday. The agreement underscores both institutions’ commitment to embracing modern tools and frameworks such as artificial intelligence (AI), data analytics, and sustainability as key drivers of growth, resilience, and transformation within the sector. Dr. Abdelilah Belatik…

Read More →

Prof Benedict Oramah recognised

……….As 32nd Afreximbank Annual Meetings in Abuja More than 400 dignitaries including business and political leaders from Nigeria,across Africa and the diaspora attended the African Export-Import Bank’s(Afreximbank) Third Edition of the Pan-African Business and Development Award hosted in collaboration with the Business Council for Africa(BCA) on Wednesday June 25,2025 in Abuja,Nigeria. The Pan-African Business and Development Awards, held annually during the Afreximbank Annual Meetings, are designed to celebrate and recognise transformative businesses and financial institutions within the African continent and in the diaspora in keeping with the Bank’s vision for…

Read More →

CIBAFI Releases GIBS 2025 Report, Showcasing Emerging AI and Data Trends in the Islamic Finance Sector

The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions,has successfully held a webinar titled “AI and Data Survey (GIBS) 2025 Report,an official statement issued in Manama,Bahrain,Wednesday, has  disclosed. This edition of the GIBS Report explores the expanding role of artificial intelligence (AI) and data analytics in transforming Islamic banking operations, service delivery, and risk management. It captures insights from 105 executives across 29 countries, providing valuable regional perspectives and industry benchmarks. The webinar opened with remarks from Dr. Abdelilah Belatik, Secretary General of…

Read More →

UNAOC Invites Youth-led Organizations to Apply for the 11th edition of the Youth Solidarity Fund

Become part of a network of young change-makers who are promoting peaceful and inclusive societies within their communities. The United Nations Alliance of Civilizations (UNAOC) invites youth-led organizations from eligible countries to apply for the 11th edition of the Youth Solidarity Fund (YSF). YSF supports projects that promote peace and social inclusion by enhancing mutual understanding, respect, and collaboration across borders, cultures, faiths, and beliefs. YSF provides seed funding of up to USD 25,000 to implement impactful youth-led projects that advance intercultural and interfaith dialogue, and are aligned with the mandate and mission…

Read More →

ACCRA, Ghana, May 28, 2025/ — The Mining in Motion Summit (MininginMotionSummit.com) is pleased to announce the participation of Hon. Ibrahim Murtala Muhammed, Ghana’s Minister for Environment, Science, Technology and Innovation, as a speaker. Hon. Muhammed’s involvement underscores the government’s commitment to environmentally responsible mining, technological innovation and scientific advancement in the extractive sector. As the head of the ministry leading innovation and sustainability, Hon. Muhammed is spearheading initiatives to align mining operations with national development goals and environmental stewardship. His efforts include forging partnerships with global public and private stakeholders to implement science-based solutions and…

Read More →