I&M Bank Kenya Appointed Abdi Mohamed Chief Executive After Approval
I&M Bank Kenya appointed former Absa Kenya leader Abdi Mohamed chief executive from 5 October after regulatory approval; Business Daily reported his gardening leave ended early.
African Union launched continent-wide credit rating agency at Mauritius headquarters
The African Union launched AfCRA in Mauritius to rate sovereigns, companies and financial institutions, seeking wider coverage for 23 African economies without ratings from the three largest global agencies.
Airtel Money priced London flotation at £1.96, valuing business at £5.3 billion
Airtel Money set its London initial public offering at £1.96 a share, implying a £5.3 billion valuation, with admission expected on 14 October after a secondary sale of existing shares.
South African Reserve Bank warned inflation could stay above tolerance into 2027
South Africa’s central bank said inflation could remain above its 2%–4% tolerance band into 2027, warning persistent oil, food and administered-price shocks risk spreading into wages and expectations.
Kenya regulator approved Monarch Capital's 60% De La Rue stake purchase
Kenya's competition regulator approved Monarch Capital's proposed acquisition of a 60% stake in De La Rue Kenya, leaving the government with its existing 40% holding.
Kenya's Family Bank secured $10 million AfDB trade finance line
Family Bank secured a $10 million African Development Bank facility to expand trade finance for Kenyan SMEs and local companies, including women-led businesses across productive sectors.
East African Development Bank appointed Anne Juuko to lead regional lender
The East African Development Bank appointed former Stanbic Bank Uganda chief Anne Juuko as director general, effective 2 October, while its council approved governance reforms for the lender’s next phase.
Ecobank scheduled October shareholder vote on revoking unnamed directors’ mandates
Ecobank called a 26 October shareholder meeting to consider revoking directors’ mandates, while its formal notice withheld the identities, number and reasons behind the proposed board changes.
Seychelles appointed Sarah Lloyd as central bank governor for six-year term
Seychelles appointed Sarah Lloyd to lead its central bank for six years from 1 November, bringing the Absa risk executive back to the institution where she began her career.
BCEAO mandated PI-SPI for regional electronic-money transfers across West Africa
BCEAO required interoperable electronic-money transfers to use PI-SPI from 2 November, while making domestic transfers up to CFA8,000 free and extending equivalent cross-border terms from June 2027.
Absa launched Africa’s first bank-run digital-asset custody service in South Africa
Absa launched institutional digital-asset custody for South African clients after securing regulatory approval, putting its Ripple-based platform into service on 21 September for corporates and financial institutions.
Attijariwafa Bank agreed to acquire controlling stake in Société Générale Ghana
Attijariwafa Bank agreed to buy 55.22% of Société Générale Ghana, while SSNIT will acquire another 5%, subject to financial and regulatory approvals in both markets.