Economy

At the mid-year meeting, Kenya’s Ruto advocates for a stronger, more financially independent A.U.

At the mid-year meeting, Kenya’s Ruto advocates for a stronger, more financially independent A.U.

At the fifth Mid-Year coordination conference of the African Union, which took place on Sunday, July 16, African leaders gathered in Gigiri, Nairobi County. Among other things, the summit sought to resolve important problems with African integration and labor distribution. The President of Kenya presided over the meeting. William Ruto demanded that the AU be reformed with an emphasis on the organization's financial independence. The leader declared, "The pan-African movement has always been about sovereignty and agency. "First and foremost, chronic reliance, even on well-intentioned partners, is at odds with the desire for autonomy, self-determination, and agency. And because of…
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Your Naira Card Is Now Your Global Passport, according to WEMA Bank!

Your Naira Card Is Now Your Global Passport, according to WEMA Bank!

Hello Customer, It's time to make purchases abroad and take advantage of frictionless transactions.Your Naira cards, which include Visa, Mastercard, and ALAT Mastercard, can now be used for purchases abroad. You can receive up to $500 per month on your foreign transactions. Here’s what you need to know: Expanded Possibilities: The Naira card gives you the freedom to shop at your favorite foreign retailers, browse foreign internet sites, and make overseas transactions. I tell you what. Now, the entire world is at your fingertips! Monthly Limit: A $500 monthly spending cap is imposed on overseas transactions to give you greater…
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The desire to foster greater banking competition in Ethiopia

The desire to foster greater banking competition in Ethiopia

By Comr Amos Kalu The National Bank of Ethiopia unveiled new plans in May to let foreign competition enter the nation's banking industry. The state-owned Commercial Bank of Ethiopia currently controls the nation's banking sector. According to a 2019 estimate by Cepheus Growth Capital Partners, an investment management company with headquarters in Addis Ababa, the bank holds 62% of the country's assets and deposits. There are 29 banks in total in the nation, all of which are privately owned. Ethiopia intends to allow foreign competition in the nation's banking industry. What does this mean for businesses and people? However, the…
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Wema Bank PLC Launches Season 3 of the Wema Bank 5 for 5 Promo, Rewarding Customers with N90,000,000 in Cash Prizes

Wema Bank PLC Launches Season 3 of the Wema Bank 5 for 5 Promo, Rewarding Customers with N90,000,000 in Cash Prizes

Wema Bank PLC, the leading financial institution in Nigeria and the pioneer of Africa's first fully digital bank, ALAT, yesterday announced the launch of the highly anticipated 3rd season of the Wema Bank 5 for 5 promo. This reward program, initiated by Wema Bank, aims to recognize and reward customers across Nigeria for their unwavering loyalty to the bank. Commencing July 1st, 2023, Season 3 of the 5 for 5 promo will distribute a total of N90,000,000 in cash prizes to Wema Bank customers throughout different regions of Nigeria over a span of 10 months. Each month, customers will be…
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