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Gambian Authorities Seize Ex-President Jammeh’s Bank Accounts

Gambian Authorities Seize Ex-President Jammeh’s Bank Accounts

  Gambian authorities have seized assets including 86 bank accounts and 131 properties linked to former president Yahya Jammeh, an official said on Monday, as an investigation into the veteran ruler’s wealth gathers pace. The new government has accused Jammeh of massive fraud including siphoning off public money during his 22-year rule that ended in […]

New Law Compels Zimbabwe Banks to Accept Cows as Collateral

New Law Compels Zimbabwe Banks to Accept Cows as Collateral

Commercial banks in Zimbabwe will soon be compelled to accept livestock such as cattle, goats and sheep as collateral for cash loans to informal businesses under a new law presented to parliament Tuesday. Under the Movable Property Security Interests Bill tabled for debate by Finance and Economic Development Minister Patrick Chinamasa in the House of […]

African Countries Say They Support Women’s Rights. But Where’s the Money?

African Countries Say They Support Women’s Rights. But Where’s the Money?

The Maputo Protocol, adopted by the African Union in 2003, was expected to transform the landscape for women’s rights on the continent. Its aim was to set standards and create positive change across a range of areas including violence against women, child marriage, land rights and harmful practices. But 14 years and 37 ratifications later […]

Africa Finance Corp Issues $150 Million Debut Sukuk

Africa Finance Corp Issues $150 Million Debut Sukuk

Africa Finance Corp (AFC) said it issued a three-year $150 million sukuk, becoming the first African government-backed entity to sell an Islamic bond. The announcement confirmed a Reuters report this month that the bank would raise a dollar sukuk through a private sale. AFC, a pan-African institution based in Nigeria, said it received subscriptions of […]

Moroccan Central Bank Approves Five Islamic Banks

Moroccan Central Bank Approves Five Islamic Banks

  Morocco’s Central Bank has approved five requests to open Islamic banks in the country and allowed three French banks to sell Islamic products, it said on Monday. Islamic banks and insurers are setting up in Morocco after new legislation allowed them into the market, and the central bank has set up a central sharia […]

Teach YoungGirls About Money

Teach YoungGirls About Money

I come from a long line of risk-takers, which is ironic since my family was in the business of managing risk: banking. My great-grandfather came to America when he was 21 years old to build a better life. He went from being a door-to-door salesman to building a textile business and owning his own factory. […]

Robbers Attack Delta Workers, Cart Away N1.6m

Robbers Attack Delta Workers, Cart Away N1.6m

Suspected robbers on Wednesday attacked some workers of the Delta Broadcasting Service, Warri, and carted away about N1.6m meant for the payment of salaries of casual workers and security personnel of the station. It was gathered that the incident happened on Energy Road, near Ogunu Bridge, at about 2.45pm, while the workers were returning from […]

South Africa’s Rand, Stocks Weaker After Hawkish Fed Comments

South Africa’s Rand, Stocks Weaker After Hawkish Fed Comments

South Africa’s rand retreated for a third consecutive session on Friday to its weakest level in a week against the dollar while stocks also fell, both assets pressured by signs the U.S. central bank could still lift rates this year. By 1600 GMT the rand had slid 0.9 percent to 13.5065 per dollar, following a […]

Tanzania Hands Out Cash To Help Its Very Poorest Kickstart Businesses

Tanzania Hands Out Cash To Help Its Very Poorest Kickstart Businesses

Tatu Mtulya looks older than her age. Her sun-parched skin and the repairs to her well-worn dress say it all. She is poor. The 49-year-old single mother lives in a grass-thatched house with her four children in a village next to a highway in Tanzania’s northern Muheza district. She is among thousands of women from […]

Are You Free Of Financial Fear?

Are You Free Of Financial Fear?

If you’re going to have an extraordinary life, you must master your emotions, that is, understand and control them. This is especially true when it comes to money. Because as many of you have learned the hard way, there are consequences when you let emotions run rampant. “The quality of your life equals the quality […]

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