DAR ES SALAAM, Nov. 26 (Xinhua) -- Trade and Development Bank (TDB), a trade and development financial institution in Africa, has approved a one billion U.S. dollars soft loan to Tanzania for implementation of infrastructure projects, said a statement issued by the presidency on Monday night...
NAIROBI, March 7 (Xinhua) -- The East African Community (EAC) Central Bank Governors said on Monday that economic growth in the region is expected to improve despite COVID-19 pandemic and geopolitical tensions. The governors said in a joint statement issued in the Kenyan capital Nairobi that ...
David Hodnett, deputy chief executive at the time, maintained that senior leadership at Barclays Africa Group Limited (BAGL) was kept in more or less the dark about the announcement. So much so that, just a couple of weeks before Staley’s statement, an internal message to bank employees me...
dollars for the Republic of Kenya that is underwritten by Standard Chartered, Citi and Standard Bank. It examines the attraction of lenders to the African sovereign market following the syndication of the loan in May 2012. It focuses on the statement of Kenyan treasury secretary Joseph Kinyua on...
2026. This major decision comes in response to an 80% decline in cheque transactions over the past decade. In an official statement, the BoZ cited the rapid rise of electronic payment methods and growing concerns over security as key factors driving the transition. The bank pointed out that ch...
Determinants of Bank Long-term Lending Behavior in the Central African Economic and Monetary Community (CEMAC) This paper studies the determinants of bank long-term loan in the Central African Economic and Monetary Community (CEMAC) context. The study aimed to test the common bank-level and ...
A group of African banks has signed a US$194mn senior debt facility to rehabilitate the Beitbridge border post, a crossing that connects Zimbabwe and South Africa. Rand Merchant Bank (RMB) acted as co-ordinating bank and sponsors' advisor and, along with Absa, Nedbank and Standard Bank, was...
In October 2024 the high court dismissed the defence of reckless lending contemplated in Section 81(2) of the National Credit Act, 2005 (the NCA) because the creditor under the indemnity was not a credit provider under the Act. The applicant and the bank concluded a home loan agreement. As...
An Analysis of Financial Statement Manipulation among Listed Manufacturing and Trading Firms in Ghana Anning, Asafo AdjeiAdusei, Michael 165-179 Does Bank Competition Affect Credit Access in Sub-Saharan Africa? Evidence from World Bank Informal Firms Surveys Moyo, BusaniSibindi, Athenia Bongani 18...
Nigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in Africa's biggest economy hopes will help woo ... 13/08 - 11:04 00:47 Nigeria Shoprite exits Nigeria retail market after 15 years 13/08 - 11:04 03:30 Interview What are the...