10/23/2020
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
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
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
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
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 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
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
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
“We know that these remittances go into paying things like medical bills, for education and various needs for their families.
10/21/2020
South Africa's economy has been under pressure after its growth declined for three consecutive quarters.
10/21/2020
This means cost of borrowing will stay largely same during the period.
10/20/2020
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
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
“It is not mandatory for a foreign bank to establish a representative office in Uganda in order to conduct lending.”
10/16/2020
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
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
Beijing says it will also waive interest-free loans due to mature by the end of 2020 for 15 African countries
10/15/2020
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
Maynier said the new health protocols and measures could block investment.
10/14/2020
This means that the SRC will assume the role of setting salaries and all benefits of the three subsidiaries that will be formed upon nationalisation of KQ.