01/29/2021
The long-anticipated relaxation of the South African Exchange Control Rules
The "loop" structure and investments restriction were lifted to promote inward investments into South Africa
01/29/2021
DRC’s problems with Kenya’s Equity Bank and James Mwangi
At the end of December, the Kenyan financial services giant – which reported revenue of KSh76bn in 2019 – received the green light to merge its banking network with the newly acquired company, thereby increasing its stake in Equity BCDC to mor
01/29/2021
Nigeria: IMF Foresees Improved Capital Spending in Nigeria
The average overall fiscal balance was estimated to be lower in 2020 by 1.7 percentage points of GDP, and the average public debt increased by 5.2 percentage points to 48.5 per cent of GDP at end-2020.
01/29/2021
CBK backs banks to lift growth despite lending risks
CBK attributes the increase in NPLs to the subdued business environment, and banks continuing to make provisions – funds set aside to cover loans unlikely to be repaid, as COVID-19 impact borrowers’ income streams.
01/28/2021
Treasury eyes Sh50 billion in new bond
It is this excess liquidity that the Treasury is hoping to tap in the new issuance.
01/28/2021
EBRD signs €20 million risk-sharing facility with Bank Attijari Tunisia
Since the outbreak of the coronavirus pandemic, existing challenges to access funding and liquidity have become even more acute and further constraining the growth of many private businesses.
01/28/2021
Beware of 'fake' PSG and Stanlib, authorities say
SA’s financial watchdog has warned investors not to use the services of a group that calls itself PSG Fund Investment.
01/28/2021
This Memorandum of Understanding was signed by: Mr. Brahim BENJELLOUN TOUIMI, Administrator Managing Director of BANK OF AFRICA BMCE Group, and Mr. Mohammed AGOUMI, Managing Director, in charge of International Division of BANK OF AFRICA BMCE Group and Mr
01/27/2021
The announcement came during the Climate Adaptation Summit (CAS) 2021, hosted by the government of the Netherlands and the Global Center on Adaptation
01/27/2021
Mr. Sejiny stressed the importance of the MoU in increasing capacity-building, promoting knowledge-sharing and supporting greater sustainable access to finance across ICD member countries
01/26/2021
By bolstering the level of international experience and expertise on the island, Bolt Home Mauritius can play a key role in securing a prosperous future for the country through a digital marketplace and mobile app.
01/25/2021
Analysts have projected that CBK is likely to approve the risk-based pricing model that would see the cost of loans jump by one to 1.5 percentage points.
01/25/2021
The Bill seeks to amend the Kenya Citizenship and Immigration Act to require Foreign Affairs Cabinet Secretary, in consultation with the relevant Kenya mission to promote the establishment of voluntary savings scheme for Kenyans living abroad.
01/22/2021
The AU has already notified all its members on the new applications for the simplified health-related immigration processing for travellers and port officials to ensure the continent continues to control the spread of Covid-19.
01/20/2021
The rates were finally removed in 2019, but banks were required to develop loan pricing formulas to be approved by the CBK.
01/20/2021
The move comes days after a decision by the Paris Club of international decision to give Kenya a Sh32.9 billion loan repayment break to help ease the financial distresses linked to Covid-19.
01/20/2021
The data that was shared does not include passwords or PIN codes.
01/20/2021
This formed a rallying call for Members of Parliament to cap interest rates in 2016 at 4 basis points above CBR.
01/20/2021
He added that Nairobi is also engaging Beijing, which is Nairobi's largest bilateral creditor under the framework.
01/20/2021
With this Pan-African exposure, the governments and our customers will re-evaluate their businesses to efficiently take charge of bigger opportunities.