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Tag: banks

Five banks allegedly involved money laundering activities in Kenya

“Director of Criminal Investigations George Kinoti and his counterpart at the Office of the Director of Public Prosecutions Noordin Haji…

CBA, NIC confirm merger plan as unified banks to list on NSE

“Commercial Bank of Africa (CBA) and NIC Group have confirmed their merger plan whose completion will see the unified banks…

Under Pressure Magufuli Now Courts Beijing As Donors Pull Back

“Tanzania last week licensed a second Chinese commercial bank as President John Magufuli’s administration looks East for funds for mega…

Kenya Tops in African Banks Bad Loan Study

“Kenyan banks’ non-performing loan (NPL) ratios are among the most elevated among major economies in Africa” https://allafrica.com/stories/201812030028.html You may also…

West Africa: Three subsidiaries of Pan-African banking group Oragroup win The Banker “Bank of the year award”

“The three subsidiaries of the Oragroup Banking Group, in Burkina Faso, Senegal and Togo won the award for best bank…

Ghana: BoG to Implement Credit Market Diagnostic Project

“The Bank of Ghana (BoG) is to implement a credit market diagnostic project to improve the credit services delivery in…

Tanzania: BoT Locks Out Five Commercial Banks From Forex Trading

“The Bank of Tanzania (BoT) has suspended five commercial banks from the inter-bank foreign exchange market (IFEM) for one month…

Losses to Bad Loans Remain High in Nigerian Banks – Moody’s

“Global rating agency, Moody’s Investors Services yesterday affirmed a ‘Stable’ outlook on the Nigerian banking system, but warned that losses…

Mozambique banks in a crisis over debt standoff

“Mozambique’s electronic banking system has been plunged into a crisis over a debt claim by the service provider, the media…

Mozambique: Electronic Banking Collapse Causing Huge Losses

“Mozambican private businesses are losing about five million meticais (82,000 US dollars) a day because of the collapse of most…

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