Banks in Egypt made a huge net profit of EGP 152.76 billion during the first quarter of 2025. This was made known in a report released by the Central Bank …
Banking, Finance & InvestmentDevelopmentEconomyEgyptFinance & Services
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CENTRAL BANK
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Banking, Finance & InvestmentEconomySouthern Africa
Botswana Keeps Interest Rate at 1.90% Again, Says Inflation Still Under Control
The Central Bank of Botswana has again decided to maintain the country’s main interest rate at 1.90%, marking the fourth time in a row that the rate has stayed unchanged. …
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BusinessEconomyFinance & ServicesGOVERNMENT
Nigeria’s net FX reserves rose to $23b in December, says CBN
Nigeria’s net foreign exchange reserves (NFER) have risen to $23.11 billion at the end of 2024, according to the Central Bank of Nigeria (CBN). This figure is $15.6 billion lower …
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Business and EconomyFinance & ServicesINVESTMENTNigeriaPoliciesWestern Africa
Nigeria’s Interest Rate Among Top Five Globally, Says MPC Member
A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Mustapha Akinkunmi, has revealed that Nigeria’s interest rate ranks as the fifth highest in the world. This disclosure …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesMorocco
Moroccan Dirham edges by 1.6% Against Dollar and Drops 1% Against Euro
The Moroccan dirham appreciated by 1.62% against the US dollar and depreciated by 1.04% against the euro between 20 to 26 October, according to data from the country’s central bank, …
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Banking, Finance & InvestmentBusinessEconomyEthiopia
Government expects saving of 100 million dollar per year from the ban selected import items
The central bank of Ethiopia expects saving close to 100 million dollar per year, from the ban imposed on selected import items. In a circular written on October 14, 2022, …
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Banking, Finance & InvestmentBusinessEconomyEthiopia
Central Bank of Ethiopia freezes accounts of 392 currency dealers
The National Bank of Ethiopia ordered banks to freeze the accounts of over 392 individuals accused of trading foreign currencies in the parallel market. Yinager Dessie (PhD), governor of the …
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Banking, Finance & InvestmentEthiopiaInsurance
Independent regulatory body to set free insurers from central bank’s shadow
The Insurance Supervision Directorate at the National Bank of Ethiopia (NBE) is set to become an independent insurance regulatory body separate from the central bank. It will evolve into a …
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Banking, Finance & InvestmentEconomyEthiopiaInsurance
Central bank of Ethiopia raises minimum paid-up capital for insurance company
The National Bank of Ethiopia (NBE) raised the minimum paid-up capital of insurance firms by six-fold. The revised ‘Minimum Paid-up Capital for Insurance Company’, which is effective as of September …
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Banking, Finance & InvestmentEconomyMorocco
Morocco’s Central Bank First Interest Rates Hikes in 14 Years on inflation
Morocco’s central bank, Bank Al-Maghrib (BAM), announced today raising central bank interest rates by 0.50 points to 2%, in response to the lingering supply chain bottleneck and rampant inflation. Following …
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