04/29/2020
Risk-sharing mechanisms in the scheme balance the need for government to support qualifying businesses, with ensuring the continued safety and soundness of the banking system. Similar schemes have been rolled out in over 50 countries in recent weeks.
04/29/2020
The document containing the list of contributors showed that the donations were made by institutions and individuals across the country.
04/29/2020
The lender said it was in consultation with the government on the implementation of the scheme and would be ready to receive applications as soon as all industry parties had concluded engagements and signing arrangements.
04/28/2020
As much as $5.5 billion is at stake for Nigeria in its efforts to seek justice over the notorious OOPL245 asset deal dating back to 2011, which it claims consists of allegedly stolen funds and damages.
04/28/2020
In Kenya, we have only seen government giving us epidemiological scenarios, but we are yet to hear their trade-off with economic scenarios.
04/28/2020
The package includes a R200 billion loan-guarantee programme, tax-relief measures and R130 billion that will be diverted from existing budgets.
04/28/2020
The commissioner described online teaching and learning as the future and most effective method in the face of the ravaging coronavirus pandemic.
04/28/2020
TASK has formed a Covid-19 taskforce to support the government in assessing the potential financial risks posed by the outbreak.
04/28/2020
The banks now warn of a possible financial crisis due to the anticipated revenue loss from these measures.
04/27/2020
And because most people understand that the drastic lockdown measures the president took were necessary, they will most likely "respond appropriately".
04/27/2020
The revocation comes at a time the firm had plans to partner with licensed financial institutions such as banks, forex bureaus and mobile cash agents to grow its footprint in Kenya.
04/27/2020
New rules notably state that all foreign exchange transfers over $1,680 be vetted for approval by the bank
04/24/2020
These so-called thin files often present a big challenge to CRBs since there is no way to assign them any score in the absence of borrowing history.
04/24/2020
Money accessed from the overdraft, which is a temporary source of funds to cater for emergencies and priority payments, helps the Treasury finance short-term needs such as salaries and other recurrent expenditure like debt repayments.
04/24/2020
The R200bn loan guarantee fund is likely to be the medicine South Africa’s stressed corporate sector needs if it is to survive the Covid-19-induced economic crisis.
04/24/2020
To lessen the damage being wrought by the response to Covid-19, the coronavirus budget mixed increased grants with more money for infrastructure and to keep businesses open through spending by state institutions and loans from local and international inst
04/24/2020
“You may visit any nearest branch to request for a loan relief through our loan officers. You will require a letter from your employer indicating a salary cut or job termination,” one of the banks says in a notice to customers.
04/24/2020
Rand Merchant Bank head of Structuring Hendrik Fourie said: “Our collaboration with Leonteq will enable us to expand our financial services offering, thus enhancing our value proposition for clients.
04/24/2020
We have summarised the key updates below which Cayman Financial Institutions (Cayman FIs) need to be aware of
04/24/2020
G20 nations have agreed to freeze bilateral government loan repayments for low-income countries until year-end