Mozambique banks 'continue to grow'


The Mozambican banking sector appears to have weathered the global recession well, with research revealing an increase of 17.9 per cent in total profit for 2009 compared with 2008.

Fitch downgrades Libya's credit rating


Fitch Rating Agency has downgraded Libya's credit rating from BBB + to BBB.

Central Bank of Congo is to launch mobile banking services


The Central Bank of Congo (BCC) has held a workshop on mobile banking services with the aim of making greater use of the technology.

Ugandan banks increasing rural branch numbers


Ugandan banks are increasing their branch networks in a bid to encourage those on low incomes to use their services.

World Bank issues $16m financial services sector grant to EAC


The World Bank has signed a $16 million (€11.8 million) grant agreement with the East African Community (EAC), to help finance the first phase of an initiative that will transform the EAC’s financial services sector.

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