The World Bank Group has announced a comprehensive settlement with Siemens AG in the wake of the company’s acknowled-ged past misconduct in its global business and a World Bank investigation into corruption in a project in Russia involving a Siemens subsi-diary.

African governments with large foreign reserves in western banks have been urged to keep such reserves with African Financial Institutions (AFIs).

Interswitch, an e- payment and switching company, has deployed Gemalto’s Dexxis Instant Issuance solution to to accelerate banks’ migration to its chip and PIN Verve paymnet card.

Actis, a private equity    investor in developing countries’ capital market, has restated its commitment to the development of emerging markets in Africa and around the world, through partnering with Small and Medium Scale Enterprises (SMEs) in these countries, by helping them achieve their growth plans and contributing positively to the economic development of their various […]

An expert in the Nigerian financial market, Mr. Akin Oladeji, has tasked banks in the country on the need to cooperate with the newly introduced credit bureaus, in order to address the issue of bad loans in the nation’s financial system.