African Financial Sector News

Tanzania: High Lending Rates Affect Housing - Bank of Tanzania


 | Source: The Citizen; All Africa

In Tanzania, high lending rates negatively affect the supply of housing and imply more financial instruments such as bonds, mortgage, private equity and long-term products.

Uganda Gets Shs652 Billion for Rural Agriculture Financing


 | Source: The Monitor; All Africa

The International Fund for Agriculture Development (IFAD) announced that Uganda had been allocated $168 million aimed at enabling rural farmers to access long term loans for agricultural practice.

Ghana: BOG Announces New Policy Rate Today


 | Source: Business Day Ghana; All Africa

The announcement is planned in a context where the last decision of the Monetary Policy Committee caused the biggest cut in policy rate in almost 10 years.

Nigeria: 5 Banks Contribute N245.8 Billion to CBN's Real Sector Support Facility


 | Source: Leadership; All Africa

The facility objective is to improve the financing of sectors such as the agricultural value chain, manufacturing, mining, solid minerals activities and other strategic sub-sectors of the Nigerian economy.

Uganda: MP Nsereko Seeks Bill to Cap Interest Rates


 | Source: The Observer; All Africa

Kampala Central MP Muhammad Nsereko wishes a private member's bill to cap interest rates, while David Bahati, the minister of state for Planning, said capping interest rates was not a solution.

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