Ghana’s central bank has revoked the operating licenses of two distressed local banks and transferred their deposits and selected assets to state-owned GCB Bank in order to protect financial stability, it said on Monday. The liquidation of UT Bank and Capital Bank became necessary in order to protect depositors funds owing to the “severe impairment” of their capital, the central …

Fifteen young African entrepreneurs have emerged as finalists from a field of more than 800 applicants for the seventh annual Anzisha Prize, Africa’s premier award for her youngest entrepreneurs. Supported by African Leadership Academy (ALA) in partnership with the Mastercard Foundation, the Anzisha Prize celebrates and cultivates the next generation of young African entrepreneurial leaders who are creating job opportunities, …

Kenyans largely ignored an opposition call to go on strike on Monday, re-opening shops and returning to work as they shrugged off demands for demonstrations against President Uhuru Kenyatta’s re-election and against the killing of protesters. Cars, buses and motorcycles returned to the streets of the capital, Nairobi, and the western town of Kisumu after days of quiet due to …