African Financial Sector News

Ugandan Farmers to benefit from 50billion sh credit from Germany


Ugandan farmers are to benefit from a sh 50 billion credit line from the German Development Bank for value addition to improve the agricultural sector, Klaus Duexmann, German Ambassador to Uganda, announced. The money will be made available to farmers through the Agribusiness Initiative Trust (ABi Trust), a Danish funded organization.

Burkina Faso's microfinance sector "faces a number of difficulties"


A new law regulating decentralized financial systems is being implemented in Burkina Faso. National director for microfinance, Yvette Djigma Sawadogo, explains the new rules and regulations that are awaiting the Fasian microfinance sector. (in French)

The level of non-performing loans in East African banks on the decline


The level of non-performing loans (NPL) in East African commercial banks have drastically dropped, which signifies that the banking industry in this region is in a good shape. Banks’ asset quality is a key indicator of the quality of banks’ credit and overall risk of default (credit risk).

Maize farmers will benefit from weather insurance


Before 2010, Akiteng Scholar was battling the problem of floods that hit the whole of Uganda's Teso region, resulting in the need of food aid. Last year, it was drought which has driven many households apart. Weather insurance policies might be a way to protect the farmers.

African central bankers agree to strengthen bank supervision


African central bankers who met in Kampala have agreed on common front that will see all central banks strengthening bank supervision as well as introducing new measures that will lead to effective supervision of electronic bank products.

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