01/22/2020
Oliver Alawuba, the Chief Executive Officer, UBA Africa said: “Africa stands to benefit substantially from intra-Africa trade, which is facilitated by the easy flow of capital within the continent.
01/22/2020
According to Bloomberg the report, the measure was among a raft of regulations aimed at forcing banks to boost credit, mainly to farmers, small-and-medium-size businesses and consumers.
01/21/2020
The latest entrant Access Bank of Nigeria revealed in a conference call to investors and analysts that it had to settle on buying loss-making Transnational Bank due to the bureaucracy involved in getting a greenfield licence.
01/21/2020
African Development Bank President Akinwumi Adesina announced a new $80 million Bank-DFID infrastructure financing partnership .
01/20/2020
The 8th Assembly noted that the contingencies, professional fees, underwriting and consultancy fees inclusive of the 17 per cent interest rate which was to the tune of over N10 billion were too much.
01/20/2020
The agreement covers operations cumulatively valued at $37.2 million and includes a corporate loan to support an East African agribusiness firm’s domestic and regional expansion and two lines of credit targeting SME borrowers.
01/20/2020
The reports further showed that the EAPCC board of directors took home a staggering Sh47 million even as the company continued to suffer cash flow problems which saw it default on a Sh263 million KCB Group loan.
01/20/2020
Dos Santos denied the allegations as “politically motivated.”
01/19/2020
The Department for International Trade and the Department for International Development hosted Start-up Night Africa in partnership with the Lionesses of Africa
01/17/2020
The revised forecast comes after the World Bank cut its growth forecast for South Africa to below 1% for 2020 due to Eskom’s load shedding.
01/17/2020
These charts show how the data that influenced the decision have changed since the November MPC meeting.
01/17/2020
And thus, there is no surprise that throughout 2019, organisations across all industries globally were targeted by cyber attackers.
01/16/2020
It's business as usual for South African banks, despite a warning of potential malware attacks on major institutions in sub-Saharan Africa.
01/16/2020
For the first three months, the service will be free of charges for all customers with a minimum fee of LRD 0.50 per transaction after that period.
01/16/2020
Domestic banks’ capacity and willingness to purchase government securities influence the liquidity conditions sovereigns face, particularly those with constrained or unreliable access to external financing.
01/16/2020
First beneficiaries: Liberia, Sierra Leone, Guinea, Niger, Mali, Madagascar, South Sudan, and Zimbabwe
01/16/2020
The emerging-market fallout of geo-political tensions between the US and Iran may be countered by a de-escalation of America’s trade war with China, said Cobus de Hart, chief economist for West, Central and North Africa at NKC African Economics.
01/15/2020
This is expected to raise credit flow to businesses and homes albeit at a higher cost after banks were handed a free hand in pricing loans.
01/15/2020
The Treasury has set KRA a target to collect Sh1.938 trillion in tax and other revenue in the current financial year, up from Sh1.58 trillion last year, from an initial Sh1.81 trillion earlier in that year.
01/14/2020
Broadly speaking, financial institutions such as banks, insurance companies, asset/portfolio managers, and investment funds/trusts could have reporting obligations under the CRS.