Zambia: BoZ cuts benchmark interest rate to 14 percent
The interest rate was reduced to 14 percent from 15.5 percent.
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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
Barclays was listed in currency rigging report by the Competition Commission.
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
The move is to avoid continuous surge in bad loans.
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
This resolution was made to address dollar shortages at the official markets.
Afreximbank, Ecobank sign MoU on trade finance
The agreement will boost trade finance in Africa.
Egypt: EBRD to issue $125 million loan to Emirates NBD
The loan will boost the bank’s capital base and its outreach to the economy.