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Tag : Finance

African News Finance

Morocco to reform state bodies in virus response – ministry

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Morocco plans to reform, merge or dissolve some state bodies to reduce their dependency on a state budget hit by the coronavirus pandemic, the finance...
Business Finance

UBA denies N41 billion fraud allegation

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The United Bank for Africa Plc (UBA) has described as false the news making the rounds that some of its principal officers had been indicted...
Business Finance

South Africa’s central bank plans more reverse bond repurchases

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South Africa’s central bank will extend its tool kit to manage market liquidity by adding short-term, bilateral reverse repurchases of government bonds from commercial banks,...
Business Finance

Kenya central banker says still has ‘plenty of firepower’

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Kenya’s central bank governor said on Thursday that policymakers still have “plenty of firepower” to combat impact of the coronavirus crisis on the economy. Policymakers...
Business Finance

Bank partners Facebook to build capacity for SMEs

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Polaris Bank has partnered with the global social media giant, Facebook, to provide free digital marketing training to SMEs in Nigeria. The bank explained that...
Business Finance

Embattled AfDB chief survives another probe into his conduct

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Embattled President of African Development Bank (AfDB), Dr Adewumi Adesina, has survived a second round of investigation into his conduct, giving him a boost in...
Business Finance

South Africa’s rand up before central bank’s rate decision

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South Africa’s rand gained early on Thursday, before a central bank decision on interest rates, as tensions between China and the United States resurfaced and...
Business Finance

Access Bank acquires Kenya’s Transnational Bank

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Following its first announcement in October 2019, Access Bank Plc has announced the successful completion of the acquisition of Transnational Bank Plc, of Kenya (TNB)....