banking
World Bank to resume funding projects to support poor in Sudan: Ministry
May 18, 2022
World Bank to resume funding projects to support poor in Sudan: Ministry Khartoum: The World Bank has notified the Sudanese authorities that it would...... Continue Reading >
Zimbabwe’s central bank lifts order suspending lending by banks
May 18, 2022
The RBZ, however, clarified that the lifting of the suspension did not apply to institutions that are currently under investigation by the Financial...... Continue Reading >
Co-op Bank injects $3.2m into South Sudan unit
May 17, 2022
Kenya’s Co-operative Bank has pumped in additional capital of Ksh372 million ($3.2 million) to its subsidiary in South Sudan. The unit has...... Continue Reading >
Rwanda's central bank maintains lending rate to contain inflation
May 13, 2022
Rwanda’s central bank has maintained its lending rate to tackle soaring inflationary pressures and support economic recovery. The central...... Continue Reading >
Seychelles: African Development Bank approves $20mln loan to support Covid-19 recovery
May 13, 2022
The Board of Directors of the African Development Bank Group has approved a $20 million flexible loan to finance Seychelles’ Governance and...... Continue Reading >
FNB partners with government to support SME growth through the Bounce Back Loan Scheme
May 4, 2022
The recent launch of government’s much-anticipated Bounce Back Loan Scheme is set to have a tangible positive impact on the growth and development...... Continue Reading >
Top Tanzanian banks increase investment in govt securities
April 28, 2022
Tanzania's top two banks, NMB and CRDB, increased their investments in government securities last year. According to audited statements published...... Continue Reading >
SA banks guilty of double standards in unbanking companies while not acting against themselves
April 27, 2022
TWO OF THE country’s major banks have demonstrated double standards by unbanking companies they purport to pose a reputational risk to their...... Continue Reading >
World Bank projects Africa growth to drop to 3.4pc
April 19, 2022
Africa’s economic growth is projected to drop to 3.4 percent this year, down 0.6 percentage points from the four percent growth recorded in...... Continue Reading >
Absa Uganda profit up as bad debts shrink-
April 18, 2022
Reduced bad loans helped boost Absa Bank Uganda’s net profits to Ush111.6 billion ($31.1 million) in year ending December 31, 2021, from Ush41.7...... Continue Reading >
Top News
Health official: Sudanese citizens fund 79% of Ministry’s activities
Sudanese company arrives Wau to rehabilitate railway line
400 youths join vocational skills training program in Khartoum
Finance Ministry issues new decisions on expatriate cars