African Financial Sector News

Zimbabwe: Women's Bank Up By September


 | Source: The Herald; All Africa

The setting up of a women's bank that will provide financial support to small and medium enterprises run by women is now at an advanced stage, a Cabinet minister has said.

Sudan: Industrial Development Bank Opens in South Darfur Capital


 | Source: Radio Dabanga; All Africa

A branch of the Industrial Development Bank was opened in the South Darfur capital of Nyala on Monday, as an addition to the quality of banks in the state.

Nigeria: NAICOM to Abolish Annual Licence Renewal By Insurance Brokers


 | Source: This Day; All Africa

The National Insurance Commission (NAICOM), has promised to abolish the regime of annual brokers' licence renewing regime to replace it with longer life span licensing regime.

Uganda: IMF Wants Bank of Uganda to Strengthen Supervision


 | Source: The Monitor; All Africa

Last week, the International Monetary Fund (IMF) provided details on why it wants Bank of Uganda (BoU) to strengthen the supervision of commercial banks, in order to avoid the Crane Bank-like scenario.

Ethiopia: ECX Stretches With Widened Scope


 | Source: Addis Fortune; All Africa

The proclamation will enable ECX to manage future, forwarding and managing contracts of non-agricultural products.

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