African Financial Sector News
By the end of the year, the Moroccan parliament will vote on a new bill to regulate Islamic finance and sukuk issues, enabling an increase in the Islamic finance offering.
The Central Bank is on the final stages of establishing the Tanzania Agriculture Development Bank, a new institution that should facilitate farmers' access to finance.
Rating agency Standard & Poor’s has downgraded Ghana’s sovereign rating to a “B-“ with a stable outlook. This translated into a fall in the country’s dollar bonds but increased yields, Bloomberg reports.
The Securities and Exchange Commission (SEC) is making fresh efforts to deepen and strengthen the monitoring of the Nigerian bond market.
Angola Millennium Bank has launched a new service allowing its customers to access their accounts and perform transactions via the Internet and mobile phone.