Banking News

Ghana: BoG to migrate electronic payment systems


The migration is to reduce illicit financial transaction on electronic payment platforms

Bank of Uganda projects increased lending to private sector


Decline in interest rates of government securities and CBR will increase lending to private sector.

EIB partners with East African banks on credit facility


A Euro 250 million (Sh27 billion) credit facility has been approved by EIB to companies through local banks

Angola: Apex Bank retains benchmark interest rate


Interest rate was retained to ensure price stability in the economy

Zambia: ZUFIAW urges banks to lower interest rates


This will help borrowers access loans at affordable rates

Libya: Banks raise service charges amidst a cash shortage


The lingering cash shortage has led to increase in bank service charges.

Nigeria's Central Bank floats N30billion AGSME fund


The initiative will enable agric/SMEs access credit at single digit interest.

Ghanaian government to pay GH¢166m debt to banks


The payment will boost banks’ financial stand and avert collapse

Kenya: Large Imperial Bank depositors to get their money


Deposits over Ksh200,000 will get 10 per cent maximum

Egypt: Investors face bankruptcy over currency float


Investors now pay back loans at increased cost due to new exchange rate.

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