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AFSIC 2018


Investing in Africa

Rwanda: Commercial Bank of Africa Officially Launches Rwanda Operations


 | Source: The New Times; All Africa

Commercial Bank of Africa (CBA) yesterday officially unveiled its operations in Rwanda.

Ethiopia: DBE Provides First Ever Loan to Financial Institutions


 | Source: Addis Fortune; All Africa

Development Bank of Ethiopia (DBE), the state policy bank, has for the first time financed a quarter of a billion Birr to four private commercial banks and four microfinance institutions.

Nigeria: Keystone Bank Partners Nipost On Rural Banking Services


 | Source: The Guardian; All Africa

Keystone Bank has entered into partnership with the Nigeria Postal Service (NIPOST) and i-OneC through leveraging of data to improve its product offerings.

East Africa: Banks in East Africa Face Lower Profits Over Rising Bad Debt - Report


 | Source: The EastAfrican; All Africa

The effects of a tough economic environment in the region are beginning to show as banks grapple with increased loan defaults.

Kenya: Rate Cap, Liquidity Crunch Hit Banks' Revenues


 | Source: The EastAfrican; All Africa

Kenyan banks are struggling to mobilise deposits, which could further dent their profitability amid declining income from loans and advances.

Nigeria: CBN Supplies $210m for Wholesale, SMEs, Others


 | Source: Premium Times; All Africa

The Central Bank of Nigeria on Monday continued its supply of foreign exchange to guarantee adequacy in liquidity to customers' in various segments of the market, with another $210million to the inter-bank Foreign Exchange Market.

Kenya's New Rules to Streamline Banks' Role in Insurance


 | Source: The EastAfrican; All Africa

Kenya has published new regulations to control the operations of banks offering insurance services.

Mozambique: Commercial Banks Can Be Fined for Mistreating Clients


 | Source: All Africa


The governor of the Bank of Mozambique, Rogerio Zandamela, warned on Monday that commercial banks who continue to behave in an extortionate way towards their clients could be fined.His warning arose from the recent increase in the fees for withdrawing money from ATMs. Up until January, the withdrawal fee was seven meticais (about 11.5 US cents), regardless of the sum withdrawn.But in late January the withdrawal fee jumped to 9.5 meticais (an increase of over 35 per cent). Thus every time a...

Tanzania: BOT's New Measures to Boost Lending


 | Source: The Citizen - All Africa

The Bank of Tanzania (BoT) has published new measures intended to improve access to credit.

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