African Financial Sector News

World Bank grants $500 million to support public banks


This sum will help the country handle the "economic aftershocks" of recent terrorist attacks.

Remittances from Kenyan migrants up 3.2 per cent in August


The Kenyan diaspora sent $132.9 million in August 2015.

Kenya launches world's first bond sale via mobile phone


The Ks5 billion (€42.5 million) bond is based on Kenya's M-Pesa mobile money platform.

Advancing Inclusive Insurance in Africa: Innovation in Industry, Policy and Development


Policy makers and international experts met in Nairobi, Kenya, on September 30th, at the conference organised by Chatham House with the support of the AIG, to evaluate innovation and progress in micro-insurance initiatives across Africa.

Rwanda: Credit to the private sector up 26.6 per cent


The Rwandan economy grew by seven per cent in the second quarter of 2015.

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