12/18/2023
The trade finance senior debt will provide UBA with much needed countercyclical dollar liquidity to support SMEs and local corporates involved in export-import related activities in the short to medium term.
12/18/2023
Looser monetary policy in advanced economies is expected to ease pressure on the domestic exchange rate by incentivising capital inflows to emerging and frontier economies like Kenya.
12/15/2023
Addressing barriers to green financing and promoting climate resilience in Kenya’s financial systems.
12/15/2023
Rules are not meant to return us to a pre-crypto world, nor to squash innovation.
12/14/2023
The IMF said Tanzania’s economic growth was expected to pick up this year, but faced challenges from an unfavourable global economic environment
12/14/2023
The Minister’s comments come following a comprehensive research initiative commissioned by the Ministry of Information, which focused on activities undertaken to test the flexibility of the law and its enforcement since its passage in 2019.
12/12/2023
The apex bank directed all financial institutions regulated by it to accept all cash deposits from the public without any charges going forward
12/12/2023
Kenya’s banking sector in 2018 channelled Sh27 billion in climate finance against the total loan book of Sh2.49 trillion, highlighting the sector’s risk averseness towards green projects.
12/11/2023
In South Africa, the latest consumer price inflation, as published by Statistics South Africa, was 5.9% in October 2023, up from 5.4% in September 2023.
12/11/2023
The National Treasury increased its borrowing to around R14 billion per week starting in August.
12/08/2023
This saw the rate hit the highest point in 11 years as Kamau Thugge, the governor, moved to curb inflation and stop the free fall of the shilling.
12/07/2023
African countries should be exempt from a plan by the European Union to impose a carbon tax on some imports, the head of the African
12/07/2023
Only MMOs can hold customer funds, according to the CBN.
12/06/2023
The collaboration is a significant milestone in a long-standing relationship, between the two institutions.
12/06/2023
Inflationary pressures and cashflow difficulties saw customer spending declining
12/06/2023
In July, the bank noted that accretion to external reserves remained weak while foreign exchange demand pressures persisted.
12/05/2023
The rand remains at the bottom of the EM currency ranked by Bloomberg, with the majority having strengthened on the year out of the twenty-two currencies.
12/05/2023
The prosecutor alleged that the defendant falsely claimed to have the dollar equivalent of the amount to change for the business organisation, First Right Enterprises.
12/01/2023
The DTA allows the Swiss network of double taxation agreements to be expanded into Southern Africa.
12/01/2023
This essentially means the central bank is continuing its work on its contingency plans to ensure the country’s payments system remains in operation in the event the nation’s electricity grid collapses.