Banking News

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.

Zimbabwe: Women's Bank Up By September


 | Source: The Herald; All Africa

The setting up of a women's bank that will provide financial support to small and medium enterprises run by women is now at an advanced stage, a Cabinet minister has said.

Sudan: Industrial Development Bank Opens in South Darfur Capital


 | Source: Radio Dabanga; All Africa

A branch of the Industrial Development Bank was opened in the South Darfur capital of Nyala on Monday, as an addition to the quality of banks in the state.

Uganda: IMF Wants Bank of Uganda to Strengthen Supervision


 | Source: The Monitor; All Africa

Last week, the International Monetary Fund (IMF) provided details on why it wants Bank of Uganda (BoU) to strengthen the supervision of commercial banks, in order to avoid the Crane Bank-like scenario.

Sudan: Central Darfur Pushes for Banks, Investments


 | Source: Radio Dabanga (Amsterdam); All Africa

Central Darfur wants to roll-out a banking system in the state and pledged to the Commercial Banks Group to remove obstacles and fears that prevent the spread of the system.

Rwanda: Banks Tipped on Money Laundering, Graft Fight


 | Source: The New Times; All Africa

Financial institutions have been urged to strengthen their reporting and governance systems as some of the ways to fight against illicit activities, including money laundering and graft.

Zimbabwe: Zimpost Offers Low-Cost Money Transfer Service - Zipcash


 | Source: The Herald; All Africa

Zimpost offers a variety of financial services at all post offices nationwide. These range from mobile money transfer services to agency banking services.

Uganda: Guidelines to Allow Banks Sell Insurance Out Soon


 | Source: The Monitor; All Africa

Regulations that allow commercial banks to sell insurance products - Bancassurance - will be out this month, Insurance Regulatory Authority (IRA) has said.

South Africa: IFC Initiates Push to Support South African SMEs With Firstrand


 | Source: PR Newswire (New York); All Africa

IFC has designed the SME Push Program to channel up to R26-39 billion ($2-3 billion) investment into South Africa SMEs over the next 5-7 years.

Ghana: BoG to Help Banks Explore Ways to Meet New Capital Requirement


 | Source: Business Day Ghana; All Africa

The Bank of Ghana (BoG) must create a tier system that can cater for the needs of the country's banking sector. This would ensure that the gains of capitalization are fully harnessed.

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