African Financial Sector News

The Central Bank of Mauritius issues €49 million in Treasury bills to boost savings


The Central Bank of Mauritius will issue Rs2 billion (€49 million) in Treasury bills to stimulate savings.

African central banks urged to promote agricultural finance


"Central banks need to promote agriculture and increase institutional development", said deputy governor of the Bank of Ghana Millison Narh at the end of the conference on revolutionising finance for agriculture value chains recently held in Nairobi.

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.

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