banking
National Bank of Egypt to open its first branch in South Sudan on June 28
June 28, 2022
The National Bank of Egypt (NBE) will be opening its first branch in Juba, South Sudan with a capital of $30m this Tuesday. Vice Chairperson of the...... Continue Reading >
Zimbabwe hikes interest rate by 200 percent to combat surging inflation
June 28, 2022
The Reserve Bank of Zimbabwe (RBZ) on Monday announced an increase in the country’s interest rate from 80 percent to 200 percent from July...... Continue Reading >
World Bank approves $2.3bln plan for East, Southern Africa to tackle food insecurity
June 23, 2022
NAIROBI - The World Bank said on Wednesday it had approved a $2.3 billion programme for Eastern and Southern African countries to help them tackle...... Continue Reading >
$291.8mln injected to develop, digitize Afreximbank: Finance Minister
June 20, 2022
Mohamed Maait, Minister of Finance and Chairperson of the General Assembly of the African Export-Import Bank (Afreximbank), said that the bank achieved...... Continue Reading >
Central bank to inject more money to stabilize economy
June 13, 2022
South Sudan’s Central Bank said Friday it will inject 8 million US dollars, an increase from the previous 5 million US dollars, into the country’s...... Continue Reading >
World Bank to fund $900mln development projects in east Congo
June 11, 2022
KINSHASA - The World Bank and Congo have signed two funding conventions of$900 million to boost female entrepreneurship and access to water and electricity...... Continue Reading >
World Bank approves $145 million for urban improvement in Ghana
June 10, 2022
The World Bank Group has approved 145 million U.S. dollars to support Ghana’s urban infrastructure improvement program. This credit facility...... Continue Reading >
Tanzania to spend $3b to service debts: Finance minister
June 8, 2022
The Tanzanian government is planning to spend Tsh9.09 trillion ($3.9 billion) on debt servicing during the financial year 2022/23, Finance and Planning...... Continue Reading >
Nigerian lender to acquire majority stake in Kenya's Sidian Bank
June 8, 2022
Nigeria’s top lender, Access Bank, will acquire majority stake in Sidian Bank from Centum Investments for Ksh4.3 billion ($36.8 million), two...... Continue Reading >
New 1000 Sudanese Pound banknote amidst rising inflation
June 8, 2022
The Central Bank of Sudan (CBoS) announced yesterday that it will be issuing a new note of SDG 1,000. The new note comes amidst rising inflation...... Continue Reading >
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