African Financial Sector News

Nigeria: Finance Companies Seek CBN's Support On Cheap Funds


 | Source: Vanguard; All Africa

Finance Houses Association of Nigeria (FHAN) has called on the Central Bank of Nigeria (CBN) to facilitate access to cheap funds for finance companies.

Ivory Coast: a supplementary pension scheme for civil servants


 | Source: Financial Afrik

The Ivorian government announced on April 4 the establishment of a supplementary funded pension plan for the benefit of civil servants and agents of the State.

Senegal: BOAD to grant $56 million for road development


 | Source: Ecofin Agency

Senegal will receive $56 million from West African Development Bank (BOAD) for the development of nearly 400 km of roads, Agence de Presse Sénégalaise revealed last March 30.

Rwanda Bourse Rolls Out an SME Segment


 | Source: The EastAfrican; All Africa

Rwanda Stock Exchange plans to roll out new products to infuse liquidity and activity in an increasingly bearish market. The RSE is betting on the Small and Medium Enterprises Market (SMEM) segment to drive business in 2018.

Kenya: CBK Could Soon Abolish 18-Month Old Law On Interest Rates Capping


 | Source: The EastAfrican; All Africa

Kenya's 18-month-old cap on commercial interest rates could be repealed in the next two months as it emerged that it may have cut last year's estimated economic growth rate by 0.4 percentage points, and starved small and medium enterprises of cash.

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