Banks operating in Egypt post EGP 218.4bn in net profits in Q1 2026

China Rewires Africa’s Trade Finance

Standard Bank becomes Africa’s renminbi clearing gateway, Dangote moves to build the world’s largest refinery, and South Africa’s June 30 deadline arrives. China just rewired Africa’s trade finance architecture. Standard Bank and ICBC have been named the Renminbi Clearing Bank of Africa, giving businesses in 19 countries direct access to China’s onshore financial system for []

Balance sheet of banks in Egypt climbs to EGP 24.9trn in February as deposits, lending expand

The aggregate balance sheet of banks operating in Egypt, excluding the Central Bank of Egypt (CBE), rose to EGP 24.920trn in February 2026, up from EGP 24.508trn in January, according to the CBE’s latest monthly report. The increase of approximately EGP 412bn reflects continued growth across the banking sector’s assets, deposits and lending activities. Assets [] The post Balance sheet of banks in Egypt climbs to EGP 24.9trn in February as deposits, lending expand first appeared on Dailynewsegypt.

Deposit Your Money or Else: Eritrea’s Banking Ultimatum

Eritrea's latest directive orders citizens and businesses to deposit cash into banks by July 31 or face legal action. This analysis examines the official notice, its implications, and what it reveals about state control, banking policy, and citizens' rights.

BoG injects $2.01bn into forex market as cedi records first monthly gain of 2026

The Bank of Ghana (BoG) injected 2.01 billion into the foreign exchange market in June 2026 to meet rising demand and support the stability of the cedi.

Bank Holiday Today: Are SBI, HDFC Bank, ICICI Bank Open Or Closed On July 11?

The closure applies to public and private sector banks across the country, including the State Bank of India (SBI), HDFC Bank, ICICI Bank, Punjab National Bank, Bank of Baroda, Canara Bank, Axis Bank,...