01/12/2023
The 61.78 percent, or Sh104.86 billion, fall came at a time banks asked for higher interest rates during bond sales to compensate for rising inflation that threatened to eat into their real returns.
01/11/2023
Financial watchdog says GT Bank, a repeat offender, has not disputed the findings and agreed to settle.
01/11/2023
Instead, its external reserves, which are mainly from crude oil sales, have continued to shrink due to oil theft and low production, putting pressure on the Naira in the currency market.
01/11/2023
South Africa’s economy is being held back by regular power cuts and the nation has one of the world’s highest unemployment rates.
01/11/2023
The banking sector is the most dominant investor in Government of Ghana (GoG) debt instruments, a phenomenon induced by both regulatory and market economics.
01/10/2023
Failure by those joining public service to make wealth declaration means agencies such Ethics and Anti-Corruption Commission (EACC), which gathers information on corruption occurring in the public sector, will be flying in the dark on tracking the authent
01/10/2023
The rate was in August cut from Sh0.99 per minute to Sh0.58 per minute.
01/09/2023
Al-Turki indicated that after the bank obtained this achievement, it proves that the bank is committed to a high-quality banking environment and brilliance at the local and international levels.
01/06/2023
The statement said the BOG reserved the right to delist any authorised FX broker for non-performance or non-compliance with FX Act and the Interbank FX Market Conduct rules.
01/06/2023
In June it was forced to cancel the planned issuance of a Eurobond and is seeking alternative sources of funding.
01/06/2023
The SARB tries to keep inflationary levels stable between 3%-6%.
01/05/2023
Evidence presented to the court was that the lender advertised a number of motor vehicles and trailers it had repossessed from defaulting customers in December 2019.
01/04/2023
The waiver, largely intended to encourage cashless transactions in the face of the pandemic, did produce some results.
01/04/2023
These provisions were made for the 2023 general elections and the transition programme.
01/03/2023
Move aims to curb high inflation, which reached 9.8 per cent in November
12/30/2022
As the former deVere business – now Brite Advisors – loses its financial services provider licence and is handed ZAR 10m penalty
12/28/2022
The package is expected to help Bank One increase its capacity to provide trade finance needs to Small-and Medium–sized Enterprises (SMEs) and local corporates in Mauritius and across the continent.
12/27/2022
The report also noted that 11,871 BVNs have been watch-listed as deceased persons this year.
12/27/2022
The LC debt exchange, launched on 5 December, comes alongside Ghana’s efforts to secure IMF support. Fitch views it as a distressed debt exchange and downgraded Ghana’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘C’ fr
12/27/2022
Afreximbank, or the African Export-Import Bank, aims to “finance and promote intra-and extra-African trade.”