African Financial Sector News

Nigeria could face another systemic crisis in banking sector, says investment banking firm


The Nigerian banking sector could face another systemic crisis, according to the managing director of investment banking firm Afrinvest.

South Africa's first Islamic bond "a resounding success"


South Africa has successfully concluded its debut $500 million (€388.5 million) sukuk issue, the government has announced.

Senegal: Increasingly more real estate financing done outside banks, according to a study


Real estate financing in Dakar is increasingly happening outside the banking system, a new study reveals.

Mobile money key to African financial inclusion, says IMF


The results of the fifth annual Financial Access Survey (FAS) have been published by the International Monetary Fund (IMF), highlighting the impact of mobile money on financial inclusion in Africa.

AfDB grants $1.5 million to support small businesses in Zambia


The African Development Bank (AfDB) has approved a $1.5 million (€1.16 million) loan to support micro, small and medium-sized enterprises (MSMEs) in Zambia.

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