Financial Crisis News

Algeria to privatise banks following drop in oil prices


The country's state-owned banks will soon list on the local stock exchange.

OPIC lends $20m to Liberian bank to support lending to businesses in key sectors


The project focuses on various sectors such as construction, services and manufacturing.

Nigeria: Central bank to lend €2.2 billion to non-oil exporters


It is looking to diversify the country's revenues away from crude.

Feature Publication: Achieving Financial Stability and Growth in Africa


Edited by Stephany Griffith-Jones, Ricardo Gottschalk

Kenyan president says financial sector is stable


He praised the central bank's move to protect depositors.

Kenya: 80% of the population's cash held in seven banks


The central bank governor said other banks are "starved of liquidity".

Zimbabwe: Banks hit by liquidity crisis


Most banks are now limiting daily cash withdrawals to $500.

Nigerian banks risk bankruptcy over exposure to oil companies, says expert


Energy companies could face difficulties to repay their loans.

Barclays expected to announce exit from Africa


Barclays has had operations in Africa for almost a century.

South Africa to borrow $4.5bn on international markets over three years


Finance minister Pravin Gordhan said the South African economy is 'in crisis'.

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