African Financial Sector News

Ghana: President Nana Akufo-Addo supports central bank reforms


 | Source: FinancialAfrik

“We can not afford instability or recklessness in the banking and financial sectors. Because any loss of confidence in the banks can only produce a ripple effect on the stability of the economy as a whole.

Uganda: BOU Announces Changes in Sale of Govt Securities


 | Source: The Independent; AllAfrica

Players in the government securities market are set to deal with the new rules effective July 2, 2018.

Nigeria: Emefiele Warns Banks On Emerging Threats


 | Source: The Guardian; AllAfrica

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has charged banks and other financial institutions to be proactive about the emerging threats posed by financial technology (fintech) to avoid crisis in the sector.

Zimbabwe seeks $11 billion to modernize mining sector


 | Source: Ecofin Agency

Batirai Manhando, Zimbabwean head of Chamber of mines, announced last May 18, that the country needs $11 billion to upgrade mines and boost production to optimal level over the next five years. This was during an annual meeting of the association, Reuters reports.

Kenya: NSE to Pilot Derivatives Market in Six Months


 | Source: CapitalFM; AllAfrica

The Nairobi Securities Exchange has received approval from the Capital Markets Authority to have a pilot of the derivatives market in the next six months.

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