African Financial Sector News

Kenya: Pension schemes get go ahead to invest in derivatives

23.02.2017

Pension schemes can now invest in all exchange traded derivatives and Reits.

Ghana: Banks reduce lending due to high NPLs

22.02.2017

The move is to avoid continuous surge in bad loans.

South Africa: Banks accused of rigging currency price

21.02.2017

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

20.02.2017

This resolution was made to address dollar shortages at the official markets.

Afreximbank, Ecobank sign MoU on trade finance

17.02.2017

The agreement will boost trade finance in Africa.

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