04/29/2020
Increased credit impairment and provisions for an expected increase in loan losses pushed pretax profit for January-March down 12% from the same period a year earlier to $1.22 billion, the London-headquartered bank said in a stock exchange filing.
04/28/2020
Compounded with their inability to access affordable credit, a significant number of them are now at risk of closure which will inevitably lead to mass layoffs.
04/28/2020
The ratings agency has changed its outlook for the South African banking system to negative from stable, it said on Monday.
04/28/2020
The Bankers Association of Namibia and the Economic Association of Namibia both now expect diamond mining to contract by 7.5% or 700 million Namibia dollars in 2020.
04/28/2020
Nigeria’s largest banks, however, will continue to benefit from high government support.
04/27/2020
Diamond Trust Bank Kenya took the top position from a future growth opportunity perspective; however, it had a weak franchise score moving it to position 5 on the weighted score.
04/27/2020
In this article, we have examined the board composition of top banks listed and trading on the Nigerian Stock Exchange, to understand and illustrate the gender representation in their corporate governance structures.
04/27/2020
The exposures to problem companies are unlikely to lead to complete write-offs of the loans.
04/27/2020
Loan loss provisions will continue dominating headlines for bank earnings in the first quarter and Standard Chartered is not alone in facing balance sheet headwinds.
04/26/2020
Here are the common missteps banks should avoid to successfully enable remote work and digital operations, during the pandemic and beyond.
04/26/2020
World Bank officials warned that developing economies could suffer close to 3% decline in economic output
04/26/2020
The survey found that 11% of chief executives see coronavirus as a risk to the survival of their firm, while a further 40% say the pandemic poses a severe threat.
04/26/2020
Assignees remaining in host country locations are being directed to follow local country mandates including stay-at/work-from-home and self-quarantining as needed.
04/24/2020
Martin Hopkins, President of the South African Reward Association (SARA) and Master Reward Specialist, says getting executives to lead by voluntary example by accepting pay reduction currently is the appropriate thing to do from several viewpoints.
04/24/2020
The minimum capital threshold for micro-finance institutions has been set at US$25 000 local currency equivalent.
04/23/2020
We have seen that in some African countries, such as Rwanda, where the government grounded all passenger flights for 30 days after confirming just 11 cases of the virus, and then placed the entire country on lockdown for 28 days.
04/23/2020
The startup is being run by Africans in an effort to get Africans to use cryptocurrency, not as an investment vehicle, but as a global means of exchange.
04/23/2020
The report, themed “Increased Consolidation in the Banking Sector” said the lender’s attractiveness has been supported by a strong franchise value and intrinsic value score.
04/22/2020
This announcement was made by Jack Ma on Monday, April 20 via his verified Twitter handle.
04/21/2020
There have been severe disturbances to business operations and some value chains.