African Financial Sector News

Togo: Strong increase in banks’ contribution to financing investments in 2017


 | Source: Financial Afrik

The contribution of Togolese banks in financing investments reached 162.1 billion CFA francs in 2017, against 109.1 billion a year earlier, according to the final report of a macroeconomic forecast survey released on Wednesday by the Ministry of Finance. economy and finance.

AfDB to raise $170 million to address infrastructure deficit in Africa


 | Source: Ecofin Agency

African Development Bank (AfDB) plans to mobilize $170 million to fill infrastructure deficit in Africa.

Soon an Islamic Finance Bank for UEMOA


 | Source: Financial Afrik

The West African Economic and Monetary Union (UEMOA) will soon have its first Islamic bank, according to statements by the president and CEO of the African Institute of Islamic Finance (AIIF), Senegalese Mohamed Lamine Mbacké.

Tanzania: Govt Moves to Merge Banks


 | Source: The Citizen; All Africa

The government is in the process of merging Tanzania Postal Bank (TPB) with Twiga Bancorp Limited, which has been under the control of the Bank of Tanzania (BoT) since 2016.

Kenyan Banks Borrow Sh36 Billion From Overseas to Fund SMEs


 | Source: Capital FM; All Africa

Kenyan Banks have turned to external funding as they seek to address the asset-liability mismatch.

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