Banking News

South Africa: Mixed Reaction From Real Estate Industry to Sarb Decision


 | Source: News24WIRE; All Africa

The decision by the SA Reserve Bank's Monetary Policy Committee on Thursday to keep the repo rate unchanged at 6.75% received a mixed reaction from the real estate sector.

Africa: Afreximbank to Mobilise U.S.$1 Billion for Region's Trade


 | Source: The EastAfrican; All Africa

Afreximbank is seeking to mobilise up to $1 billion in equity from new and existing investors over the next five years to finance more trade deals on the continent.

Morocco: Crédit du Maroc launches e-service to facilitate goods clearance in the country


 | Source: Ecofin Agency

Crédit du Maroc (CDM), Moroccan subsidiary of French Group Crédit Agricole S.A, has launched an e-service for tax collection and payment of bank guarantees.

Rwanda: Bank of Kigali in New Drive to Deepen Financial Inclusion


 | Source: The New Times; All Africa

Bank of Kigali says it aims at shooting three birds with one stone through its Bigereho Na BK campaign activated three weeks ago, by, first educating Rwandans on benefits of working with banks, then entice them to open or reactivate accounts and encourage them to save regularly.

Zimbabwe: Women's Empowerment Bank Ready to Roll


 | Source: The Herald; All Africa

The setting up of Women Empowerment Bank is at an advanced stage with the bank's chief executive officer already appointed to kick start the financial institution's operations before year-end.

Tanzania: BoA Launches New Banking APP


 | Source: The Citizen; All Africa

Bank of Africa Tanzania (BoA) has launched a new banking App that will allow customers to make financial transactions through mobile phone for free.

Namibia: Development Bank Raises N$291 Million Through Bond


 | Source: Namibia Economist; All Africa

The Development Bank of Namibia (DBN) issued the first notes under its N$2.5 billion Medium-Term Note Programme last week and raised N$291 million.

Uganda: BOU to Approve Bank Agents


 | Source: The Monitor; All Africa

Bank of Uganda (BoU) is likely to approve bank agents in two weeks, BoU director for commercial banking Benedict Sekabira has said.

Ugandan Banks Assets Six Times Larger Than Capital Base


 | Source: The Monitor; All Africa

Despite a slowdown in private sector credit and the high level of the non-performing loans, Bank of Uganda (BoU) says the country's commercial banks' total assets are nearly six times larger than their capital requirements.

Kenya: Bank Agents Boosted By Cash Transfer Programme


 | Source: The EastAfrican; All Africa

The Kenya government's decision to appoint bank agents as its paypoints for cash transfer programmes for the poor, the elderly and the disabled last year increased the number of their transactions by over 1,200 per cent.

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