Banking News

Ghana: Banks reduce lending due to high NPLs


The move is to avoid continuous surge in bad loans.

South Africa: Banks accused of rigging currency price


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


The agreement will boost trade finance in Africa.

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


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

Uganda promotes law to allow movable assets as collateral


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


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


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

Nigerian Banks to inject N25 billion into SMEs annually


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

Angola: Banks appeal to government for bailout package


Banks called for bailout packages as oil slumps cut liquidity.

Investment Firm to boost financial sector growth in Africa


The firm will enhance access to financial services across Africa.

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