The Thai investment delegation has been briefed on the investment opportunities available in the Red Sea state in various sectors through the investment map presented by the Minister of Investment and Industry in the State Mohamed Al-Hassan Heyais during his meeting. This came during his meeting, at his office Wednesday, with the Thai delegation, which is currently visiting the state led by the Minister of Investment Abi Nubuk in the State of Thailand. Heyais acquainted the Thai delegation with the investment projects, guarantees,"...

The Spokesperson of the Central Bank of Sudan (CBOS) Sami Abdul-Hafeez has denied issuance of any decision by the Central Bank of Sudan setting a ceiling for withdrawals from banks. The CBOS spokesperson said, in a statement issued on Wednesday, that there was no change in the bank’s policies and procedures for withdrawals from banks or determining the withdrawals. Abdul-Hafeez said that what was published in some daily newspapers the was merely rumors and baseless allegations, stressing that the commercial banks have"...

The representative of the banks contributing to the financing of the agricultural season consortium in South Darfur State and the Director of the Bank of Animal resources Branch Mohamed Abyad has affirmed readiness of the banks to finance the farmers to complete the remaining agricultural season operations including grass cleansing (Kadaip) and harvesting. 'We have put together an integrated plan to implement the financing consortium,' Abyad said, after their meeting with the South Darfur Acting Wali (governor) Engineer"...

The Islamic Development Solidarity Fund of the Jeddah-based Islamic Development Bank (IDB) has praised the role being played by the Savings and Social Development Bank in the area of microfinance and job creation for the young people. The Director General of the Islamic Development Solidarity Fund Dr. Walid Abdal-Mohin Al-Moheeb described the efforts of the Savings Bank in the field of social development through the concessional financing as valuable, referring to the bank's contribution to poverty alleviation among the"...

The Development Finance Company of Uganda (DFCU) Bank is undertaking a literacy campaignin abid to boost saving and investment amongst the country’ population.

The Uganda-based lender this week held the second edition of an event titled ‘Battle for Cash’ in which industry coaches, banking sector stakeholders and representatives from financial services group, PricewaterhouseCoopers (PwC) participated.

“The"...

The US dollar to Iraqi dinar (IQD) exchange rate was stable in the Kurdistan Region’s currency markets on Monday (August 6).

Broker Dana Mawlud told NRT that $100 was selling at 120,400 Iraqi dinars, maintaining the same rate as the previous day.

Mawlud also reported that 100 British pounds was at 154,000 while 100 euros was at 138,000.

nrttv

Business Leadership South Africa (BLSA), a lobby group made up of some of the country’s largest companies, said it turned down an offer from Capitec Bank Holdings to pay for a report on short seller Viceroy Research, which had earlier in the year targeted the lender.

Bonang Mohale, CEO of the BLSA, said that following conversations with Capitec CEO Gerrie Fourie, who offered to pay for the research, BLSA decided it wanted to own the report"...

Paylater, a microfinance service provider operating in Nigeria, has issued over $17 million in loans to its users in 2018. The company made the announcement on August 2nd, stating that its mobile phone app had been downloaded by 1 million users since its launch.

Paylater’s announcement comes at a time when 61% of Nigeria’s 200 million-strong population is either under-banked or unbanked.

Fintech"...

Development Bank of Nigeria Plc (DBN), the first wholesale development finance institution in Nigeria, has partnered with LAPO Microfinance Bank Limited, to provide lending to about 10,000 Micro, Small and Medium Scale Enterprises (MSMEs), to alleviate the financial constraints they face.

A statement from DBN said: “This is a milestone achievement and I am particularly happy that we are getting a lot of traction on our lending activities with"...

South Africa’s Absa Group on Wednesday officially launched Whatsapp banking, in its latest push to become a digitally-led African bank, with more than 10,000 customers already registered to date since early July.

The service faces competition from WeChat, China’s biggest Internet-based mobile messaging platform which launched in Africa in 2013 and offers an array of services including money transfers, prepaid electricity and airtime"...