Banking & Finance

Average bank lending rates as at the end of February 2021, stood at 21 percent. The current average lending rate reflects a decline of 2.4...

Government, through the imposition of the 5 percent financial sector levy on gross profits of banks, is expected to immediately raise some Ghs 219 million...

Credit from banks to the public sector - government - for the 2020 fiscal year contracted by 27 per cent. The contraction followed a rather...

The African Development Bank (AfDB) has launched a project to support the development of domestic debt markets and financial systems in four West African countries...

Non-Performing Loans (NPLs) of banks in the country reached 15.3 per cent of as at the end of February 2021. This represents a year-on-year increase...

KCB Group will provide an additional capital injection of Sh3 billion ($27.3 million) to National Bank of Kenya (NBK) in the coming days, with the cash...

African Import-Export Bank (AfreximBank) will likely get Egypt on board its new transit guarantee scheme that is set for reducing trade costs, said Kanayo Awani, the...

The minimum capital requirement for a Class 1 development bank (wholesale development finance institution) license in the country has been set at Ghs 800 by...

In July 2019, a major policy change in the payments environment was announced by the Namibian Central bank. The bank announced after a period of...

KCB Group’s net profit declined 22 per cent to Sh19.6 billion ($178.5 million) in the year ended December on the back of increased provisions for...