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.
02/03/2021
Shareholders received N14.22 billion as final dividend for the 2019 business year in addition to interim dividend of N8.89 billion earlier paid by the bank, bringing total dividend for the year to N23.11 billion.
02/02/2021
“To mitigate against such threats, CBK is in the process of formulating a National Payments Strategy to address emerging risks and guide the payments ecosystem in Kenya,” he added.
02/02/2021
A National Payments Strategy will "address emerging risks and guide the payments in Kenya and ensure pricing practices are reflective of the overall stance on customer-centricity, affordability, and transparency."
02/02/2021
The fund will also be used for green financing.
02/02/2021
Lady Justice Maureen Onyango, however, upheld the ruling saying NBK was not entitled to the review orders it sought for flouting the trust schemes rules.
02/01/2021
Frelimo spokesman says Nyusi wasn’t president at the time and under Mozambican law was allowed to receive political donations.
01/31/2021
The biggest target for these attacks is retirement annuities
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.