Kenya
Kenya: KCB cancels acquisition of Tanzanian bank
KCB Group has cancelled its plan to acquire a Tanzanian lender from London-listed Atlas Mara Limited, citing regulatory hurdles. KCB in late November last ...
News
Nigeria: NCC Shortlists MTNN, Airtel, Mafab for 5G Spectrum Auction
The Nigerian Communications Commission (NCC) has announced MTN Nigeria Communications Plc, Airtel Networks Ltd and Mafab Communications Ltd., as approved bidders of the ...
Kenya
Kenya: Sh27bn bad loan cut drives top banks’ profits
Kenyan top banks saved up to Sh27.2 billion in the nine months to September on lower costs of handling defaults as borrowers resumed ...
News
Uganda’s Foreign Exchange Reserve Rises to Shs15 Trillion – IMF
The International Monetary Fund (IMF) has said Uganda’s foreign exchange reserve level now stands at $4.3b (Shs15.4trillion) following the disbursement of Special Drawing ...
News
South Africa: SARB Publishes Interest Rate Benchmark Report
The South African Reserve Bank (SARB) has published the Technical Specification Paper (TSP) report on public comments received on the draft statement of ...
Ghana
Ghana: Government to Reduce e-Levy From 1.75 Percent to 1.5 Percent – Afenyo-Markin
Deputy Majority Leader, Alexander Afenyo-Markin has said that the electronic transaction levy (E-levy) will be reduced from 1.75% to at least 1.5%. According ...
News
Zimbabwe: RBZ Auction Disqualifies 547 ‘Dubious’ Bids
Reserve Bank of Zimbabwe (RBZ) foreign exchange auction Tuesday disqualified a total 547 suspicious bids as the authorities sniff out chancers who intend ...
Kenya
Kenya: CBK will not cap interest rates charged by digital lenders
Central Bank of Kenya (CBK) will not cap interest rates charged by digital lenders who might soon be put under the financial regulator’s ...
News
Fitch Assigns GTCO ‘B’ Rating, Says Outlook Stable
Fitch Ratings has assigned Nigeria-based Guaranty Trust Holding Company Plc (GTCO) a Long-Term Issuer Default Rating (IDR) of ‘B’ with a stable outlook ...
Regulatory
ICASA grants 6 provisional spectrum licences to qualifying operators
The Independent Communications Authority of South Africa (ICASA) has announced that it has granted licences to six electronic communications network operators for provisional ...