Access to Finance News

Zambia: BoZ cuts benchmark interest rate to 14 percent


The interest rate was reduced to 14 percent from 15.5 percent.

Nigeria: Apex bank injects $370.9 million into interbank forex market


This is CBN's first wholesale intervention to relieve the pressure on accessing foreign exchange.

"We deeply regret role in FX rigging" says Barclays Africa CEO on South African rigging scandal


Barclays was listed in currency rigging report by the Competition Commission.

Ghana: Banks reduce lending due to high NPLs


The move is to avoid continuous surge in bad loans.

Nigeria: CBN moves to narrow black market rates as forex crisis persists


This resolution was made to address dollar shortages at the official markets.

Afreximbank, Ecobank sign MoU on trade finance


The agreement will boost trade finance in Africa.

Afreximbank advocates legislation to enhance factoring


This call was made during the Afreximbank’s sensitisation seminar on “Model Law on Factoring” in Nairobi, Kenya last weekend.

Uganda promotes law to allow movable assets as collateral


The law will allow clients to use movable assets as security to access credit.

MicroSave, MasterCard Foundation to strengthen DFS in Francophone Africa


The initiative will cover more than 250 DFS providers with a focus on francophone markets in WAEMU region.

Namibia: High default rate threatens Agribank sustainability


Farmers default over N$500 million which is the highest ever.

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