African Financial Sector News

Morocco: BMCE bank ready to get into Islamic finance

30.10.2014

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.

Tanzania: New Agriculture Bank Seen As Farmers' Salvation

30.10.2014

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.

S&P downgrades Ghana’s sovereign rating

29.10.2014

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.

Nigeria: SEC Moves to Deepen, Strengthen Bond Market Regulation

29.10.2014

The Securities and Exchange Commission (SEC) is making fresh efforts to deepen and strengthen the monitoring of the Nigerian bond market.

Angola: Millennium Bank launches new mobile banking service

29.10.2014

Angola Millennium Bank has launched a new service allowing its customers to access their accounts and perform transactions via the Internet and mobile phone.

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