African Financial Sector News

Africa’s Pension Funds and Private Equity Are Uniquely Aligned to Unlock Continent’s Potential


African pension funds can play a critical role in the region’s private equity industry mobilizing an estimated US$29 billion and driving economic development according to research conducted by the Commonwealth, the Emerging Markets Private Equity Association (EMPEA), and MFW4A, and kindly supported by The Abraaj Group.

MTN partners with banks to improve financial services in Rwanda


Telecom operator MTN Rwanda has entered a partnership with Rwanda's national payment switch RSwitch, KCB and I&M Bank to help improve access to financial services in Rwanda.

DRC's central bank cuts the reserve ratio for banks to boost access to credit


The reserve requirement ratio for commercial banks set up by the Central Bank of Congo (BCC) went from three to zero per cent for short term deposits and from seven to five percent for long term deposits, the governor of the BCC has announced.

Brics have a role in African regional integration, says GEGAfrica


Brazil is currently hosting the sixth Brics (Brazil, Russia, India, China and South Africa) heads of state summit.

Ivory Coast gets B rating from Fitch in anticipation of bond launch


Credit rating agency Fitch has assigned the sovereign rating of B to Ivory Coast, with a positive outlook.

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