African Financial Sector News

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.

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