02/11/2021
The lender says Uchumi has been in default of its facility for close to four years, terming it a huge concern to both the bank and its regulators given the negative impact it has on its depositors’ funds.
02/11/2021
The group estimates that the South African economy grew by 5.5% in Q4 2020 following the 66% q/q annualized rebound in Q3.
02/11/2021
This inability to curb expenditure does not stand Kenya in good stead, especially in the eyes of international financiers to whom the country has turned for support in the past one year.
02/11/2021
The 19 individuals and one company impacted were prominently involved in the largely leaderless demonstrations that began in October and swept through Africa’s most populous nation for several weeks.
02/10/2021
Commercial banks and microfinance institutions can attest to the benefits of legally backed loaning schemes, especially in an environment where borrowers are pressed by hard economic times.
02/10/2021
The CBN acts of 2007 stated that the bank is the one in charge of monetary matters in Nigeria.
02/09/2021
The agreement was signed by His Excellency Ahmed bin Issa Al Mohannadi, the GTA's President and His Excellency Francois Nkulikiyimfura, Rwanda's Ambassador to Doha, in the presence of His Excellency Ambassador Abdulrahman bin Mohammed Al Dosari,
02/09/2021
In a statement responding to the article, Nedbank said there was nothing unlawful or unusual about its relationship with Regiments, although with hindsight it might have acted differently.
02/09/2021
Regulation 28 essentially limits asset managers’ allocations of retirements savings to certain assets classes.
02/08/2021
The rule also stipulates that a nominee shall not engage in any business or activity except the business of nominee companies described above.
02/08/2021
Last week, the FMDQ OTC futures prices were adjusted higher by an average of N9.81 on the short-end and N14.16 on the long-end of the curve.
02/05/2021
The project will create aggregation business opportunities for farmers and traders, including women and youth, and provide them with new skills and the agro-processing equipment they need to produce competitive products.
02/05/2021
Reps query FMBN, TETFUND over 5-year unaudited accounts
02/05/2021
Debt issuance is also higher than budgeted, with the government taking advantage of strong demand to boost weekly sales.
02/04/2021
The CBN also directed the closure of all naira ledger accounts by Deposit Money Banks (DMBs) to discourage the use of unsafe and unofficial channels
02/04/2021
This is necessary because of the changes in relative prices and the structure of the economy over time.
02/04/2021
Reaching a fair and just resolution that puts forth the interests of Africans, businesses and investors cannot be done without involving local services companies, local entrepreneurs and the local business community.
02/03/2021
Kenya had kept away from this type of credit, which come with demands for macroeconomic reforms, during administration of former President Mwai Kibaki, with most of the support from institutions like the IMF and the World Bank coming in the form of projec
02/03/2021
The banking regulator had given a six-month suspension of CRB listings in April as part of the measures to cushion borrowers hit by the coronavirus pandemic.
02/03/2021
“This is unfortunate news for producers and consumers in the sense that transport cost will definitely increase due to this, which will have a negative effect in disposable income of the consumers.