11/01/2019
Treasury nets Sh25bn from State agencies
CBK makes money from currency conversions, charging interest on loans to banks in terms of repurchase agreements and overdraft to the government.
Regulation,Tax & Compliance
11/01/2019
Standard Bank to match over 90 African clients with China export opportunities
As the global market becomes increasingly complex, with trade protectionism threatening the free trade system, China is seeking to widen market access to the rest of the world to realise the potential of its economy and support the multilateral trade syst
11/01/2019
Nigerian bank, Access Bank, enters Kenya’s banking sector after acquiring mid-tier lender, Transnational Bank
Access Bank with assets worth Sh1.17 trillion, has a presence in Gambia, Sierra Leone, Ghana, Congo, Zambia, China and the UK.
11/01/2019
SA needs to mobilize, arrange human capital base to boost its global competitiveness
When nations elect great leaders, it will also assist their national competitiveness compared to other nations ranked with.
11/01/2019
AfCFTA can move Ghana, Africa beyond aid – Barclays MD
Mrs. Osei-Poku explained that Barclays, a part of Absa, has deep insight and understanding of the African continent
11/01/2019
Sudan agrees reforms with World Bank, IMF, AfDB – finance minister
Sudan’s new transitional government has been working to remove the country from the .S. sponsors of terrorism list, to potentially open the door for foreign investment.
10/31/2019
African Development Bank Approves $165 Million for Angola
In approving the loan, Board members called for the monitoring of Angola’s high public debt levels, estimated at about 90% of GDP, and projected to ease to around 60% by the end of the program period.
10/31/2019
President Kenyatta courts Arab investors to invest in Kenya
President Kenyatta urged Middle East investors not to be deterred by negative media stories that try to depict Africa in negative light while ignoring the growth and prosperity of the continent.
10/31/2019
Africa is fertile ground for cybercrime
Mauritius and Kenya are the only countries with ‘high’ commitment levels.
10/30/2019
Afreximbank adds to City woes by pulling its listing
Only this month Afreximbank announced plans to list global depositary receipts in London.
10/30/2019
Kenyan parliamentary panel backs lifting cap on lending rates
“There is a sense that this will be good for lending growth and banks’ margins.”
10/30/2019
Russia starts a new chapter in Africa
Any African government purchasing those weapons would of course no longer be directing them at colonial armies but more likely violent jihadi extremists in the Sahel, for example.
10/29/2019
Kenya’s demonetisation: A step in the fight against corruption
All considered, the critical consideration was to balance the objective of addressing illicit financial flows and counterfeits while ensuring that the process was not disruptive to the public and the economy.
10/29/2019
Ex-Banker Bids to Cash In on South African Takeover of Central Bank
Shareholders led by a former Goldman Sachs analyst are hoping to cash in on the plan to nationalize the publicly traded South African Reserve Bank
10/29/2019
AfDB, New Development Bank to co-finance African projects
The African Development Bank (AfDB) and the New Development Bank have signed an agreement to promote new impact projects to improve the lives of millions of Africans.
10/28/2019
Tunisia Plans to Repay its $4 Bn Debts in 2020
Chalgoum said the government expects funding through the current financing program with the International Monetary Fund, and the rest will be through the global financial market.
10/27/2019
The African Continental Free Trade Area enters into force
These instruments are the key tools that will support the launch of the operational phase of the AfCFTA with start of trading scheduled for July 2020.
10/25/2019
Jubilee, Credit Bank enter deal targeting SMEs
Credit Bank chief executive Betty Korir said the unified loan-cum-insurance products will be competitively priced to enable the lender disburse money for small to big-ticket deals.
10/25/2019
Nedbank CIB concludes major deal in Ghana
One Airport Square, which is the asset under finance, is situated in the established commercial office node known as Airport City, which is situated on the doorstep of the Kotoka International Airport.
10/25/2019
Top bank demands Sh1.4 billion from Tuju restaurant
Court documents showed that the restaurant entered into an agreement with the bank on April 10, 2015, under which it agreed to give Dari a $9.3 million (Sh962 million) loan.