Credit Bureaus News
Financial institutions are increasingly using the Credit Reference Databank.
It has adopted amendments to the Credit Reference Bureau Act.
It unveiled new penalties for banks not complying with the Financial Services Act.
The credit information should help banks conduct a proper risk assessment.
This is a collaborative effort between the BEAC, the IFC and the Cameroonian government.
The BoN said this will enable credit providers to undertake effective credit risk assessment.
The facilities should be operational from June 2015.
The first non bank-based credit card in Nigeria has been unveiled by '3 Capital Nigeria Limited'.
"Central banks need to promote agriculture and increase institutional development", said deputy governor of the Bank of Ghana Millison Narh at the end of the conference on revolutionising finance for agriculture value chains recently held in Nairobi.
US rating agency Standard & Poor's (S&P) said that the financial costs associated with the issuance of eurobonds will now be greater for African countries.