News
Nigeria: UBA to terminate $500 million Eurobond early ahead of fresh debt offering
United Bank for Africa (UBA) will invite interests from holders of its $500 million Eurobond due for maturity in 2022 for redemption ahead of ...
Kenya
Kenya: Central Bank suspends CRB listing of loans under Sh5 million
Borrowers defaulting on loans of less than Sh5 million will not be blacklisted at the credit reference bureaus (CRBs) while those already blacklisted ...
News
Nigeria: CBN says foreign currency deposit by banks reduced significantly in 2020
The Central Bank of Nigeria (CBN) stated that it recorded a significant reduction in foreign exchange deposits by Deposit Money Banks (DMBs) due ...
Innovation
Zimbabwe may be the next country to embrace Bitcoin as legal tender
Zimbabwe is currently engaged in consultations regarding growing interest in crypto and the potential risks. Zimbabwe has been paying attention to the increasing ...
Africa
IFC Partners with Liquid Intelligent Technologies to Boost Africa’s Digital Infrastructure
IFC’s latest investment in Liquid follows its investment in the company in February 2021 through Liquid’s bond placement on Euronext Dublin, Ireland’s main ...
News
Tanzania: Insurance Sector Set for Reforms As New Policy Is in Offing
Tanzanian new national insurance policy may be ready next year, a move which is expected to bring reforms in the sector to enable ...
Africa
Angola: World Bank Vice Presidents in Angola for New Partnerships
The World Bank Regional Vice-President for Eastern and Southern Africa, Hafez Ghanem, arrives in Angola on the 8th of this month, for a ...
Ghana
Ghana: Market Conditions Stop Eurobond Plan, Local Bond Yields Peak
Ghana’s effective loss of access to international markets increases risks to its ability to meet medium-term financing needs, says Fitch Ratings. The government ...
Kenya
Kenya: Absa loses Supreme Court push in credit card royalties tax duel
Absa Bank has lost a bid to challenge a decision of the Court of Appeal allowing the Kenya Revenue Authority (KRA) to collect a ...
Intelligence
Nigeria: Fake N1000, N500 notes declined in 2020 – CBN
The Central Bank of Nigeria (CBN) says the faking of higher denomination banknotes in Nigeria dropped 20.80 per cent in volume and 12.18 per cent ...