Nigeria
Nigeria: CBN Gives N23.2 bln Loans, Begins New Policy
The Central Bank of Nigeria (CBN) on Monday gave out N23.2 billion in loans to 28 beneficiaries, as it inaugurated its new “100 ...
Nigeria
Nigeria: MTN Nigeria Offer Oversubscribed by 139.47%, Prepares Additional 86.25m Shares
The Series 1 offer for sale of 575 million shares held by the MTN Group in MTN Nigeria (the Offer) to Nigerian investors ...
Nigeria
AltSchool raises $1,000,000 to birth more technical and soft skills in Nigeria
Nigeria’s AltSchool has raised $1,000,000 in pre-seed funding to scale its efforts in technical and software skills training. The investment will enable AltSchool ...
Africa
Guinea-Bissau: African Development Bank funds Guinea-Bissau with USD 30 mln
African Development Bank has announced a financial package of USD 30 million dollars to the West African nation of Guinea -Bissau. The African Development ...
Ghana
Ghana: Cost of borrowing generally decreased in 2021 – BoG
The Bank of Ghana (BoG) has indicated that the cost of borrowing from financial institutions generally decreased in 2021. The Summary of Economic and Financial ...
Zimbabwe
Zimbabwe: CBZ Moves to Amalgamate Banking Units
Listed financial services group’s subsidiaries, CBZ Building Society and CBZ Bank Limited have approached government seeking permission to amalgamate the two units. In ...
Kenya
Kenya: Central Bank faults KNBS on agriculture growth numbers
The Central Bank of Kenya (CBK) has flagged the reported economic performance of the agriculture sector for 2021, casting doubts on the numbers ...
Ghana
Ghana: Kwamina Duker appointed first CEO of Development Bank Ghana
Government has announced the appointment of finance and investment expert, Kwamina Bentsi Enchill Duker, as the first Chief Executive Officer of the Development ...
Nigeria
Nigeria: Banks cut borrowing from CBN by 46% to N1.3trn
In apparent reflection of the improved liquidity in the interbank money market, banks’ borrowing from the Central Bank of Nigeria, CBN, fell by 46 ...
Zimbabwe
Zimbabwe: RBZ Auction Rejects 424 Suspicious Bids
Latest statistics released by the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction shows that a total 424 suspicious bids were rejected as ...