The National Building Society will start operations in March.
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It will develop research activities and provide degree courses.
The service also allows users to save via mobile phone.
The fund will have a capital of €100 million.
Banks have relatively high operating expenses, according to the central bank.
The country is turning to capital markets as it struggles with the fall in oil prices.
New report presents a summary of research studies on five key areas of agricultural finance innovation
Making Finance Work for Africa and the Association of African Central Banks Organize a Training Seminar on Cross-Border Banking Supervision in Africa
Senior officials from African central banks gathered in Cape Town to kick-off seminar on “Cross-Border Banking Supervision"
This support could increase to $100 million on the long term.
The envelope will also help raise the refinancing ceiling for loans granted by the BDEAC.