African Financial Sector News

Morocco: controlled flexibility of the dirham


 | Source: Financial Afrik

It’s not the revolution. The Moroccan currency, the dirham, will evolve from Monday 15 January on a range of fluctuation of ± 2,5% against ± 0,3%, said the spokesman of the government Mustapha El Khalfi at the end of the meeting of the Council of the government.

Senegal: Government urges local banks to further support agriculture sector and SME


 | Source: Ecofin Agency

Senegalese local banks were asked to provide more funding to SMEs and agricultural marketing campaigns.

Nigeria: Financial Inclusion - CBN Sets Fresh Targets for Banks


 | Source: Vanguard; All Africa

Central Bank of Nigeria, CBN, has set state-by-state targets for the 21 commercial banks and 942 micro finance banks in the country to ensure that every Nigerian adult has access to financial services.

Ethiopia: Inclusion Strategy Incentivizes Financial Outreach


 | Source: The Ethiopian Herald; All Africa

People in the financial sector expecting the newly unveiled Financial Inclusion Strategy to further facilitate and incentivize financial outreach efforts in the private sector.

Angola's Depleting FX Reserves Led to Currency Easing - Central Bank


 | Source: Namibian; All Africa

Angola's depleting foreign exchange reserves prompted the central bank to ease currency controls, the regulator said on Thursday, a day after plans were unveiled to restructure foreign debt and allow looser trading of the kwanza.

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