Banking, finance and investment news across Africa: bank results, monetary policy, capital markets, fund flows and investment deals.
The Central Bank of Nigeria (CBN) says it will debit all banks in the country on Thursday, Sept. 29, for the Cash Reserve Ratio (CRR) to allow for the mopping-up of liquidity. …
Emmerson PLC, a British company producing fertilizers, announced today securing $6 million in investment funds to develop the in Khemisset, a town 100 kilometers east of Rabat. To secure the …
Fidelity Bank Plc in a bid to reinforce its support for SMEs has entered into a strategic partnership with the Small and Medium Enterprises Development Agency (SMEDAN). At a Memorandum …
Wealthy investors and financiers like banks and pension schemes are putting pressure on the Central Bank of Kenya (CBK) to increase the cost of government borrowing as global hikes in …
Sterling Bank PLC has announced it will take a new name after receiving shareholders’ approval to convert from a core banking business to a holding company. The leadership of the Bank …
The African Development Bank (AfDB), Islamic Development Bank (IsDB), and the French Development Agency (FDA), have disclosed plans to invest $618 million in the Digital and Creative Enterprises Programme (I-DICE) …
Ghana and Finland have signed a framework agreement on projects to be funded under Finland’s Public Sector Investment Facility (PIF) Scheme. The agreement was signed on Monday on the margins …
The SA Reserve Bank on Thursday raised its main lending rate by 75 basis points to 6.25%, for the second meeting in a row. Three members of the monetary policy …
KCB Group Plc shareholders have approved the proposed acquisition of DRC-based lender Trust Merchant Bank SA (TMB), with the transaction expected to close before the end of the year, subject to …
First Bank of Nigeria says it will suspend international transactions on its naira Mastercard from September 30. In a recent statement to its customers, the bank said such transactions would not …
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