Morocco to reform state bodies in virus response – ministry
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...
Tag : Finance
UBA denies N41 billion fraud allegation
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...
South Africa’s central bank plans more reverse bond repurchases
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,...
Kenya central banker says still has ‘plenty of firepower’
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...
Bank partners Facebook to build capacity for SMEs
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...
Embattled AfDB chief survives another probe into his conduct
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...
Chainlink Brings FX Rates Data From Top Korean Banks to DeFi
Chainlink (LINK) is integrating with CenterPrime to bring a foreign exchange, or FX, rate data feed from the Korean banks to the DeFi space. “A...
Naira weakens marginally to dollar
The Naira on Friday weakened marginally against the dollar at both the parallel market in Lagos and the investor’s window. The Nigerian currency traded at...
South Africa’s rand up before central bank’s rate decision
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...
Access Bank acquires Kenya’s Transnational Bank
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)....