Bank News

Robbers attack bank in Ekiti, kill four

Suspected armed robbers on Monday killed four persons during an attack on a Bank in Ijero-Ekiti.

Daily Post , Nigeria Nov 19, 2018

Kenya burns $300m defending the shilling

By ALLAN OLINGO The Central Bank of Kenya has burned through more than $300 million in the last one month trying to protect the shilling against a bullish dollar, with analysts predicting that it could hit 105 units to the dollar by the year's end.

The East African , Kenya Nov 19, 2018

IGG appoints 200 to probe BoU staff

The Inspector General of Government, Irene Mulyagonja has appointed a team of 200 officers to probe into the wealth of 100 Bank of Uganda officials.

Daily Monitor , Uganda Nov 18, 2018

Nigeria, others get AfDB’s $40m infrastructure lifeline

An initiative approved by the African Development Bank (AfDB) and the third in a series of equity investments, is a closed-ended pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM).

The Guardian , Nigeria Nov 18, 2018

How to report your bank when displeased

Bank customers face different challenges with their deposits daily which could be related to cash and electronic transactions or other related matters.

Punch , Nigeria Nov 18, 2018

Minimum Wage: If I were NLC President

Strike: Bank customers in panic withdrawals in Zamfara Why would people not instantly believe the allegations that reportedly arose from internal activities among members of the same party?

Vanguard News , Nigeria Nov 17, 2018

Saving customers’ deposits in failed banks

In this report, NIKE POPOOLA writes on the expected impacts of regulator intervention in deposits of failed Banks Depositors in some Banks and other financial institutions were agitated when the Central Bank of Nigeria announced the revocation of the operating licences of the concerned firms in recent months.

Punch , Nigeria Nov 17, 2018

Africa Development Bank Investing Heavily in Infrastructure – Red Pepper Uganda

ABIDJAN, Ivory Coast, November 16, 2018/ — The Board of Directors of the African Development Bank ( has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3), a closed-ended pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM).

Red Pepper , Uganda Nov 17, 2018

Building a new Zimbabwe: Flagship report by AfDB

Photo: AfDB HARARE – The African Development Bank (AfDB) has launched a flagship economic report on Zimbabwe, titled: “Building a new Zimbabwe: Targeted policies for growth and job creation” which aims to support renewal and transformation of the country.

IOL , South Africa Nov 17, 2018

Women entrepreneurs win big in Rising Woman Initiative

Click here dfcu Bank in partnership with Monitor Publications Limited’s (MPL) flagship brand Daily Monitor and Uganda Investment Authority-UIA, have just concluded a nationwide three-phase initiative dubbed Rising Woman under the theme ‘Taking your Business Ahead’.

Big Eye , Uganda Nov 17, 2018