News
Tunisia: BCT Maintains Key Rate Unchanged At 8%
The Executive Board of the Central Bank of Tunisia (BCT) decided at its meeting on Wednesday, March 22, 2023 to keep the Bank’s ...
News
Nigeria’s Digital Currency Transactions up by 63%
According to Nigerian Central Bank Governor Godwin Emefiele, central bank digital currency or e-naira transactions have increased 63% to $47.7 million, with around ...
Morroco
Morocco Central Bank- Bank Al Maghrib’s (BAM) Raises Key Rate to 3% Starting March 23, 2023
Bank Al Maghrib’s (BAM) decision to raise the key interest rate to 3% (by 50 basis points) will take effect from March 23, ...
Kenya
Kenya: CBK Tightens Foreign Exchange Rules for Banks
The Central Bank of Kenya (CBK) has introduced a forex code for commercial banks that aims to improve transparency in the wholesale foreign ...
News
Zimbabwe: POSB Unveils Co-Badged Debit and Prepaid Mastercard Cards Combining Dual Currency Usage
The People’s Own Savings Bank (POSB) in partnership with Mastercard has unveiled prepaid and debit cards making it easier to transact in both ...
Kenya
Kenya: M-Pesa opens shared service operation center
M-Pesa is the leading mobile money service in Africa by transaction values. The platform, which boasts more than 15 years of experience in ...
News
Nigeria: Scarcity of Naira easing as banks comply with CBN’s new directives
There are indications that the three-month-old cash shortages rocking Nigeria’s economy would fizzle out this week following banks’ compliance with the latest directives ...
Ghana
Ghana: Cedi depreciates by 22.1% in March 2023 – BoG
The Bank of Ghana has put the depreciation of the cedi to the dollar at 22.1% as of March 2023. In its latest ...
News
Nigeria: NGX mulls non-depository receipts to enhance capital market activities
Nigerian Exchange Limited (NGX) has announced plans to introduce Non-Depository Receipts (NDR) to further deepen the activities in the Nigerian capital market. This ...
Ghana
Ghana’s debt unchanged at ¢575.7bn – BoG
Ghana’s public debt stock remained unchanged at ¢575.7 billion at the end of November 2022, about 93.5% of Gross Domestic Product, the Bank ...