African Financial Sector News

Ecobank raises $200 million on international debt market, to finance SMEs mainly


 | Source: Ecofin Agency

Togo-based holding, Ecobank, has raised $200 million on the international debt market, via a syndicated debt.

East Africa: EAC to Harmonise Depositor Insurance Schemes


 | Source: The EastAfrican; All Africa

East Africa's deposit insurers have started sharing information on best practices as a first step towards merging the rules and regulations governing the protection of depositors' cash in the region.

Tanzania: Central Bank urged to take actions for better currency management by commercial banks


 | Source: Ecofin Agency

The Tanzanian President, John Magufuli, instructed the Central Bank of the country to take actions against the failing banks and strengthen control on foreign exchange movements in order to protect the local currency (Tanzanian Shilling).

South Africa: Regulations to Improve Customer Treatment in Insurance Sector


 | Source: ; All Africa

National Treasury and the Financial Services Board (FSB) have published regulations to improve customer experience in the insurance services sector.

Kenya: KCB to Secure Accounts With Fingerprint, Voice Identity


 | Source: The Nation; All Africa

KCB Group #ticker:KCB is set to introduce a biometric access system that will allow customers to use their fingerprints and voice to securely log into their accounts, including getting services at ATMs.

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