10/27/2020
Co-op Bank requires Sh12.5bn to revamp Jamii Bora
“Project Hope requires at least Sh12.5 billion to revamp the business into a going concern,” says NCBA Investment in the valuation report.
Regulation,Tax & Compliance
10/27/2020
How to make EAC economic integration dream a reality
Even though the BoU has since circulated press statements clarifying that its regulatory powers are limited to financial institution business conducted by BoU-licensed entities in or outside Uganda and that these powers do not extend to activities of fore
10/27/2020
Access Bank Receives CBN’s Approval to Restructure into Holdco
Access Bank has also entered into a definitive agreement with GroCapital Holdings (GroCapital) to invest in Grobank Limited over two tranches.
10/26/2020
Businesses open as Nigeria relaxes curfew after days of unrest
Nigeria's top police official on Saturday ordered the immediate mobilization of all officers to ``reclaim the public space from criminal elements masquerading as protesters'' after days of peaceful demonstrations over police abuses and then
10/26/2020
'Be careful' – IMF warns Ghana, other Sub-Saharan African countries over debts
It added that additional external assistance may ease some of these constraints over the short term, but ultimately countries will have to consolidate their fiscal positions to put debt back on a sustainable footing without jeopardizing longer-term growth
10/25/2020
FATF commends the tremendous progress made by Mauritius and advises to keep this momentum
Issues by the Ministry of Financial Services and Good Governance on 25 October 2020
10/23/2020
Botswana in talks with World Bank for budgetary support after Covid hit
Botswana's economy shrank by 24% in the second quarter of 2020
10/23/2020
Bank of Uganda keeps key policy rate at 7pc
The announcement of the central bank rate on Thursday was delayed by nearly a week with banking industry insiders claiming the central bank’s Monetary Policy Committee meeting scheduled for last week had been postponed.
10/22/2020
CBK opens new currency branch in Kisii
President Uhuru Kenyatta, who officiated the opening of the CBK Kisii branch, said its presence would also ease access to money sent from outside the country.
10/22/2020
Financial Sector; Prime Target For Cyber-Attacks — Ursula Warns
She said this in a speech delivered on her behalf by Mr Alexander K. K. Abban, Deputy Minister of Communication at a forum with industry players on the impact of COVID-19 on the private sector.
10/22/2020
African Development Bank AgriPitch Competition: $120,000 in prizes on offer during African Youth Agripreneur Forum 3-17 November
The AgriPitch competition is open to youth aged 18 to 35 who hold African nationality or citizenship and who submit their application online by 23rd October
10/22/2020
Are SA’s banks facing a bad-debt crunch?
In spite of the huge number of Covid-related job losses and resulting failure of thousands of South Africans to keep up with their credit payments, the big banks are looking remarkably steady.
10/22/2020
The OPEC Fund and West African Development Bank (BOAD) boost cooperation in Western Africa
The agreement focuses on increased engagement and knowledge-sharing between the two institutions and ensures enhanced cooperation in co-financing public and private sector projects
10/21/2020
African and US development financiers reaffirm their commitment to attracting greater private sector capital to Africa
They spoke during a panel event to discuss their organizations’ role in post-COVID-19 environment as part of a day-long public forum on investing in Africa’s future
10/21/2020
Leading digital bank in South Africa signs with Network International
TymeBank offers a modern alternative to traditional banking brands and aims to make banking more accessible and affordable to all South Africans
10/21/2020
NIDCON, Ecobank Seek Reduction in Remittance Cost
“We know that these remittances go into paying things like medical bills, for education and various needs for their families.
10/21/2020
S.Africa's economy on recovery, says reserve bank
South Africa's economy has been under pressure after its growth declined for three consecutive quarters.
10/21/2020
Policy rate to remain at 14.5% till Quarter 2 2021 – Fitch Solutions
This means cost of borrowing will stay largely same during the period.
10/20/2020
Tanzania: African Development Fund Approves $50.7m COVID-19 Crisis Response Budget Support
The pandemic has put increased pressure on Tanzania’s health facilities, social protection systems and has dampened the country’s projected growth of over 6.2%
10/16/2020
The Bank of Africa signs a new “Chinese” agreement
Operating in China since 2000 through its representative office, the Bank of Africa is one of the first African banks to obtain approval to open a branch in Shanghai.