10/13/2023
Denmark’s imports from Africa represent only 0.1% of Africa’s total exports between 2018 and 2022.
10/13/2023
Making the announcement, Absa Bank Kenya’s Head of Digital Channels, Steve Omamo said the move is in line with recent changes in mobile money transaction limits and evolving consumer needs.
10/13/2023
The Central Bank of Kenya Amendment Bill, 2023 seeks to establish a regulatory framework for Islamic banks and financial institutions
10/13/2023
Some of the suspects included former Eskom employees who facilitated procurement fraud.
10/12/2023
The provisional financing data from the National Treasury for September 2023 also points to a widening budget deficit.
10/12/2023
In his notes, Van Eysinga said that apart from clearing the backlog of forex demand, there was a need to remove restrictions from the 43 items.
10/11/2023
The court considered two aspects: firstly, whether the review was brought within a reasonable time period, and secondly, whether the delay should be condoned given the circumstances.
10/11/2023
The extension of statutory management status also means a continuation of a moratorium on policyholders and creditors who are owed money by the cash-strapped insurer
10/11/2023
NCBA Group had reviewed the cost of loans to 13 percent from August 1, a decision that it had attributed to the increase in the base lending rate by the Central Bank of Kenya (CBK).
10/09/2023
Both institutions are prioritizing ways to mitigate the negative impacts of migration, while fostering resilience and economic development and leveraging the potential of Africa's human and economic capital.
10/06/2023
Shari'ah compliant banking assets make up only around 2% of Africa's global Islamic banking assets
10/06/2023
The experts also proposed the need for the introduction of a personal identification number (PIN) categorisation for employees, students, and businesses to prevent dormant PINs.
10/06/2023
It was heavily speculated ahead of the BRICS Summit in August the bloc would put forward a proposal to create a new currency between the participating nations to ease trade and to side-step sanctions imposed by the West.
10/05/2023
The agreement was inked on Tuesday between Mr. Kumapayi and Mr. Admir Imami of BII in Lagos, Nigeria.
10/04/2023
According to findings, banks and merchant banks during the first nine months of 2023 accessed the SLF window against the backdrop of CBN’s tightening monetary policy stance.
10/04/2023
The cut in government securities held for trade has been attributed to commercial banks seeking to avoid mark-to-market losses as interest rates on the securities lift off.
10/03/2023
The unit – along with Units 1 and 2 – were taken out of service last year following the collapse of a flue gas desulphurisation duct.
09/29/2023
On August 16, the Nigerian National Petroleum Company Limited revealed that it secured an emergency $3bn crude repayment loan from Afrexim Bank to relieve pressure on the naira.
09/29/2023
Banks have been increasing their attention to government papers given the sustained rise in the yields on T-bonds and T-bills.
09/27/2023
The department has counted six branches for Nedbank, but the group confirmed that it only has five branches in the pilot.