Banking News

Ghana: Banks reduce lending due to high NPLs

22.02.2017

The move is to avoid continuous surge in bad loans.

South Africa: Banks accused of rigging currency price

21.02.2017

The Competition Commission in a two-year investigation said the banks united and coordinated fabricated bids and offers in order to control the market.

Afreximbank, Ecobank sign MoU on trade finance

17.02.2017

The agreement will boost trade finance in Africa.

Egypt: EBRD to issue $125 million loan to Emirates NBD

17.02.2017

The loan will boost the bank’s capital base and its outreach to the economy.

Uganda promotes law to allow movable assets as collateral

15.02.2017

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

MFW4A/AACB organized a training program on: “Crisis Management and Banking Resolution” in Abuja

14.02.2017

The Central Bank of Nigeria (CBN) hosted the training workshop on “Crisis Management and Banking Resolution” in Abuja Nigeria, from 16 – 20 January

Namibia: High default rate threatens Agribank sustainability

13.02.2017

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

Nigerian Banks to inject N25 billion into SMEs annually

10.02.2017

The fund will be raised from 5 percent of banks’ Profit After Tax (PAT) savings.

Angola: Banks appeal to government for bailout package

10.02.2017

Banks called for bailout packages as oil slumps cut liquidity.

Investment Firm to boost financial sector growth in Africa

09.02.2017

The firm will enhance access to financial services across Africa.

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