Banking News

Ghana: BoG to migrate electronic payment systems

16.01.2017

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

Bank of Uganda projects increased lending to private sector

13.01.2017

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

EIB partners with East African banks on credit facility

11.01.2017

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

10.01.2017

Interest rate was retained to ensure price stability in the economy

Zambia: ZUFIAW urges banks to lower interest rates

09.01.2017

This will help borrowers access loans at affordable rates

Libya: Banks raise service charges amidst a cash shortage

06.01.2017

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

Nigeria's Central Bank floats N30billion AGSME fund

04.01.2017

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

Ghanaian government to pay GH¢166m debt to banks

30.12.2016

The payment will boost banks’ financial stand and avert collapse

Kenya: Large Imperial Bank depositors to get their money

30.12.2016

Deposits over Ksh200,000 will get 10 per cent maximum

Egypt: Investors face bankruptcy over currency float

28.12.2016

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

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