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
Regulation,Tax & Compliance
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.
10/16/2020
Uganda regulator hands relief to Kenyan lenders
“It is not mandatory for a foreign bank to establish a representative office in Uganda in order to conduct lending.”
10/16/2020
Uganda clarity on foreign bank loans good for EAC
Although the Bank of Uganda’s statement doesn’t override the ruling, its position enhances the local bank’s chances of success at the appeals court.
10/15/2020
Uganda regulator hands relief to Kenyan lenders
Though the Bank of Uganda’s position does not override the court’s ruling, it boosts chances of a successful appeal by Diamond Trust Bank (DTB), which was the subject of a commercial court ruling.
10/15/2020
Chinese bank signs debt suspension deals with 11 African countries
Beijing says it will also waive interest-free loans due to mature by the end of 2020 for 15 African countries
10/15/2020
SARB grants Bank Zero forex exchange licence
Bank Zero’s focus is on the use of its debit cards anywhere in the world, which is what the restricted authorised dealer licence allows.
10/15/2020
Call for SA to scrap high-risk list, allow business travel
Maynier said the new health protocols and measures could block investment.