11/16/2022
Africa still prefers cash when it comes to payments
Of the 1 357 respondents who participated in the survey between September and October 2022, a third said cash was their preferred payment method.
Comment, Analysis & Research
11/16/2022
BoG has exceeded its emergency financing support to government – Minority Leader
In a related development, the Deputy Ranking Member on the Finance Committee, Isaac Adongo claimed that the government has borrowed more than 70 billion Ghana cedis illegally from the Central Bank which he says is a contributory factor to the cedi’s
11/16/2022
Green hydrogen could boost GDP up to 12% in six African countries
Africa Green Hydrogen Alliance identifies opportunities for Egypt, Kenya, Mauritania, Morocco, Namibia, and South Africa
11/15/2022
NGX opens week negative with N76 billion loss
Consequently, the market capitalisation of equities depreciated by N76 billion to close at N23.866 trillion from N23.942 trillion.
11/14/2022
African Development Bank Country Managers Hold Discussions With Officials From Southern Africa Development Community Officials
The discussion also shed light on how the Bank can assist SADC member countries to mobilise resources for regional projects using various financing instruments of the Bank.
11/09/2022
Africa feels weight of global crisis
Unprecedented price surges mean that for many people across the world, the food they could pay for yesterday is no longer affordable today.
11/07/2022
Power crisis likely to worsen over next five years, Eskom report shows
A new report shows that Eskom’s energy supply gap could increase by up to 40% over the next five years
11/04/2022
Bank of Mozambique Warns that Country “May Continue to Experience Inflationary Pressure”
Rogério Zandamela said that the BoM has been taking several measures to maintain the stability and integrity of the national financial system and expand financial services in the country.
11/03/2022
No room for slips as debt redemptions loom, SA warned
Substantial amounts of debt will mature over the next few years, Standard Chartered warns
11/02/2022
South Africa Still Has Space to Raise Rates - Central Bank
Inflation expectations, for the most part, are proving to be more responsive to current inflation outcomes than we would like, and less anchored around the midpoint of our target.
10/31/2022
‘Ghana needs to take bold, difficult decisions’
The Vice President commended Standard Chartered Bank for initiating and sustaining the fintech festival, to discuss digital innovation to promote the banking and financial industries as well as promote financial inclusion in the country.
10/28/2022
Nigeria has enough resources to resolve its debt — Access Bank Chair
Awosika called for the need to change the narrative about Nigeria in the international community
10/28/2022
The average take home pay in South Africa right now
While it would appear that the average nominal salary has stabilised somewhat in the past two months, it has also become evident that salaries have lagged behind the average headline inflation in 2022.
10/26/2022
World Bank Estimates Cost of Global Pandemic Prevention at $11.5bn
Says economies contracted by 4.3% in 2020 due to COVID-19
10/26/2022
Nigeria risks deeper debt crisis on low revenues – KPMG
The International Monetary Fund (IMF) had predicted that Nigeria’s debt service-to-revenue ratio would jump to 92 percent in 2022 from 76 percent in 2021.
10/24/2022
African banks increasingly worried about funding costs, survey shows
Central banks from Nigeria to Kenya, Ghana and South Africa have aggressively raised interest rates in a bid to tame inflation and give some support to currencies that have been hammered by the U.S. dollar this year.
10/20/2022
African banks increasingly worried about funding costs, survey shows
Central banks from Nigeria to Kenya, Ghana and South Africa have aggressively raised interest rates in a bid to tame inflation and give some support to currencies that have been hammered by the U.S. dollar this year.
10/19/2022
Nigerians Banks Laid off Almost 2000 Workers in 2021
This is worse than in 2020, when the COVID-19 pandemic led to the closure of businesses, including banks.
10/19/2022
Uganda has the most promising financial sector in eastern Africa
The country’s capital markets have been tremendously improving in the past two years, scoring highly in areas such as trade and settlements automation.
10/18/2022
South Africa expresses support for Saudi Expo 2030 bid
If Saudi Arabia is selected to host the event, authorities plan to turn Riyadh and the rest of the country into a world-class venue for global culture, connectivity and climate action.