Zambia: BoZ cuts benchmark interest rate to 14 percent Read more about Zambia: BoZ cuts benchmark interest rate to 14 percent1 view The interest rate was reduced to 14 percent from 15.5 percent.
Nigeria: Apex bank injects $370.9 million into interbank forex market Read more about Nigeria: Apex bank injects $370.9 million into interbank forex market This is CBN's first wholesale intervention to relieve the pressure on accessing foreign exchange.
"We deeply regret role in FX rigging" says Barclays Africa CEO on South African rigging scandal Read more about "We deeply regret role in FX rigging" says Barclays Africa CEO on South African rigging scandal 1 view Barclays was listed in currency rigging report by the Competition Commission.
Kenya: Pension schemes get go ahead to invest in derivatives Read more about Kenya: Pension schemes get go ahead to invest in derivatives Pension schemes can now invest in all exchange traded derivatives and Reits.
Ghana: Banks reduce lending due to high NPLs Read more about Ghana: Banks reduce lending due to high NPLs The move is to avoid continuous surge in bad loans.
South Africa: Banks accused of rigging currency price Read more about South Africa: Banks accused of rigging currency price The Competition Commission in a two-year investigation said the banks united and coordinated fabricated bids and offers in order to control the market.
Nigeria: CBN moves to narrow black market rates as forex crisis persists Read more about Nigeria: CBN moves to narrow black market rates as forex crisis persists This resolution was made to address dollar shortages at the official markets.
Afreximbank, Ecobank sign MoU on trade finance Read more about Afreximbank, Ecobank sign MoU on trade finance3 views The agreement will boost trade finance in Africa.
Egypt: EBRD to issue $125 million loan to Emirates NBD Read more about Egypt: EBRD to issue $125 million loan to Emirates NBD2 views The loan will boost the bank’s capital base and its outreach to the economy.