Some sectors of the Nigerian economy, like the marine and blue economy, entertainment and arts, and hospitality, are expected to benefit from the ongoing recapitalisation of banks. This was made …
The Central Bank of Kenya (CBK) has announced the reintroduction of charges for transactions between mobile money wallets and bank accounts from January 2023. The charges had been waived since …
Top commercial banks have started increasing lending rates by up to 1.1 percentage points after the Central Bank of Kenya (CBK) raised its benchmark interest rate by the biggest margin …
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 …
Kenya Power has dashed commercial banks and other third parties’ hopes of renegotiating fresh contracts to sell prepaid electricity tokens, in a decision that will restrict the lucrative deal to …
Kenya Power has locked out banks and third-party vendors from selling tokens for pre-paid customers over increasing complaints on delays and cases of billing fraud. The State-owned power utility on Tuesday …
Deutsche Bank AG is beefing up its investment banking team and services in South Africa as part of a plan to grow on the continent. The German lender has hired a …
The gap between the savings and lending rates in banks widened by 25.33 per cent in March, according to figures obtained from the Central Bank of Nigeria. Latest figures obtained …