Banking News

Rwanda: Development Bank Avails Fresh U.S.$700 Million in Credit


 | Source: All Africa - The new times

Development Bank of Rwanda avails $700 Million accessible to small and medium entrepreneurs through commercial banks, savings and credit cooperatives.

Angola: Government to Work to Consolidate Banking System


 | Source: All Africa - Angola Press

The Government will work with the National Bank of Angola (BNA) to consolidate the process of adapting the national financial and banking system to the norms and standards of international financial institutions, said the President of the Republic, João Lourenço.

Nigeria: Bad Loans in 14 Banks Hit N177 Billion in 6 Months


 | Source: All Africa - Vanguard

The economic recoveries witnessed in the first half of 2017 did not shield the banking sector from some adversities in the form of rising bad loans.

Zambia: MPs - Natsave Needs Recapitalising


 | Source: All Africa

The Zambia National Savings and Credit Bank (NATSAVE) needs cash influx to increase access to finance

Ethiopia: Ethio Pay to Push Visa Cards Out


 | Source: Addis Fortune; All Africa

Eth Switch S.C, the consortium of private banks, is to implement electronic cards belonging to the same brand- Ethio Pay, in all the banks of the country.

Nigeria: Interswitch Partners Banks On New Lending Platform


 | Source: This Day; All Africa

Interswitch has intensified plans to boost financial inclusion drive through provision of non-collaterised micro and nano-loans to individuals and SMEs across various channels. The new innovation is design to accommodate multi-channel low-level retail lending without collateral.

Egypt: Badea Grants Egypt Line of Credit Worth U.S.$50 Million


 | Source: Egypt State Information Service; All Africa

The Arab Bank for Economic Development in Africa (BADEA) has approved to grant Egypt a Line of credit (LOC), in order to lure Egyptian businessmen to pump investments into the African market.

South Africa: Capitec Banks More Earnings As Self-Service Transactions Surge


 | Source: News24Wire; All Africa

Capitec Bank [JSE:CPI] announced on Wednesday that headline earnings for the six months to August 31 2017 grew to R2.05bn, from R1.75bn in the previous comparable period.

Zimbabwe: Government-Owned POSB Open to Goat Use As Security for Loans


 | Source:; All Africa

The government-owned Post Office Savings Bank (POSB) says is ready to accept goats and other livestock as security for loans.

Afreximbank Agrees $600-Million Line of Credit to Zimbabwe’s Reserve Bank


 | Source: Financial Afrik

The African Export-Import Bank (Afreximbank) yesterday entered into a memorandum of understanding (MOU) to provide a $600-million line of credit to the Reserve Bank of Zimbabwe (RBZ).

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