Finance and financial services news from Africa: banks, insurers, payments, capital markets and regulators.
The Moroccan government is in the process of drafting legislation that would scrap taxes on imported medications. According to a government statement released on Saturday, Morocco’s Minister of Health and …
The United States Agency for International Development (USAID) and the International NGO GiveDirectly have decided to provide an additional $4 million to support Moroccan agricultural cooperatives suffering from recent economic …
Kenya has moved up two positions in the latest Absa Financial Markets Index (AFMI) attributed to better environmental, social, and governance (ESG) market frameworks in the financial sector The country …
Morocco’s fertilizer giant OCP agreed on a deal which will see Italian engineering company Bedeschi operating as the group’s material handling partner for a new project. OCP seeks the expertise …
Wealthy households and firms have lost Sh145.39 billion in tax benefits after the taxman cut back on incentives in the five years to 2021, new Treasury data has shown. These …
Remittances from Morocco’s diaspora reached more than MAD 71.42 billion ($7.5 billion) in the first eight months of 2022. According to Morocco’s Foreign Exchange Office’s recent data, the number represents an …
Kenya Power is targeting to increase the number of postpaid customers reading their own meters in a bid to address billing complaints. The energy utility firm intends to increase the …
Shariah-compliant First Community Bank customers are unable to withdraw their monies as the bank limits heavy drawings occasioned by panicking customers. A spot-check by Capital Business in the Bank’s branches along Wabera …
KCB Bank customers can now access financing options to purchase electric Public Service Vehicles (PSV) following a deal the bank has secured with e-mobility startup and financing company BasiGo Ltd. …
President William Ruto has revived a proposal to impose higher taxes on Kenya’s super-rich and high-income earners, endorsing the introduction of a wealth tax that failed to sail through Parliament …
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