Banking News

Zimbabwe: Dairy Sector, Banks in Funding Talks


 | Source: Zimbabwe Independent; All Africa

The Zimbabwe Association of Dairy Farmers (ZADF) has engaged the banking sector in efforts to secure funding for the industry.

Namibia: Agribank to Finance Purchase of Breeding Stock for NCA Farmers


 | Source: Namibian; All Africa

The Agricultural Bank of Namibia will finance the purchase of female breeding stock as a way of boosting production in the northern communal areas of the country.

Ethiopia: State Giant Heightens Deposits


 | Source: Addis Fortune; All Africa

The state-owned giant, Commercial Bank of Ethiopia (CBE), has mobilised deposits of 76.4 billion Br during the just-ended fiscal year, raising the aggregate deposits to 365 million Br.

Nigeria: Skye Bank Unveils New Digital Solution, SkyeXperience


 | Source: This Day; All Africa

Skye Bank Plc, one of Nigeria's largest retail lenders, unveiled a new digital banking solution called SkyeXperience which is considered as as a game-changing innovation that is poised to put industry competitors in the digital catch-up mode.

Zimbabwe: Agribank, Fbc to Raise $20m Agro Bills


 | Source: The Herald; All Africa

Agribank and FBC are getting into the market to raise $20 million through agro bills so as to support agricultural activities in the impending 2017/18 summer cropping season.

Ethiopia: NCR Sells 200 ATMs to State Giant


 | Source: Addis Fortune; All Africa

The Commercial Bank of Ethiopia (CBE) has bought 200 Automated Teller Machines (ATMs) from NCR Corporation, raising its machines to over 1,500. The procurement is estimated to cost the Bank over 30 million Br.

Tanzania: Why Banks Prefer Individuals for Loans


 | Source: The Citizen; All Africa

Commercial banks are increasingly shifting the provision of loans from the productive sector to individuals as they seek to remain profitable amid a tight liquidity situation, a new study shows.

Ghana: BoG's Rate Cut Set to Boost Lending - Moody's


 | Source: Business Day Ghana; All Africa

Ghana's central bank's 1.5 per cent rate cut this week will boost lending by local banks and is a signal that the economy is gradually improving, Moody's Investors Service said on Thursday.

Uganda: Kenyan Banker Tips BOU On Key Interest Rates


 | Source: The Observer (Kampala; All Africa

If monetary policy signals enforced by the Bank of Uganda are not being felt within the market, that means financial inclusion initiatives are not yet successful, the former governor of the Central Bank of Kenya has said.

Ghana: The Stingiest Banks in Ghana


 | Source: Business Day Ghana; All Africa

A latest Bank of Ghana (BoG) report indicates that the highest average interest rate paid on deposits by commercial and universal banks operating in the country is a little over 17 per cent.

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