African Financial Sector News

Zimbabwe: Agribank Offers Loans On 99-Year Leases


 | Source: The Herald; All Africa

Agribank has set aside a minimum of $105 million for the 2018-2019 cropping season, which would be extended to farmers on the basis of collateral and 99-year leases.

Tanzania: Foreign Investors Dominate DSE Activities in 1st Quarter


 | Source: The Citizen; All Africa

Foreign investors dominated Dar es Salaam Stock Exchange (DSE) activities during the first quarter of this year, market reports have shown.

Egyptian Agricultural Bank to invest in Côte d’Ivoire and Kenya’s agriculture sectors


 | Source: Ecofin Agency

Egyptian Agricultural Bank (EAB), a financial institution that provides farmers with banking services, intends to expand activities out of Egypt. For the time being, the bank eyes Côte d’Ivoire and Kenya.

Rwanda: Central Bank Sets June Deadline for Forex Bureaus to Fix Gaps


 | Source: The New Times; All Africa

Local forex bureau operators have until June to ensure that their operations are within the provisions of the Central Bank or risk being out of business.

Kenya: Gulf [African Bank] Starts Paperless Banking


 | Source: Daily Nation; All Africa

Islamic lender Gulf African Bank has started paperless banking as it pushes to cut operational costs.

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