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Tanzania’s central bank directs commercial banks to establish data centers

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Tanzania's central bank on Saturday directed all commercial banks and financial institutions to put in place a primary or secondary data center in the...
Bank of Ghana

BoG Drops Lending Rate To Commercial Banks From 20% To 18%

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The Bank of Ghana's Monetary Policy Committee on Monday announced a reduction in the policy rate by 200 basis point, indicating a drop of...
Bank of Ghana

Commercial Banks Have Reduced Interest Rate For Customers – BoG

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Latest figures released by the Bank of Ghana have shown that, the average interest rate customers get on money deposited at banks reached 10.4%...
Bank of Ghana

Bank of Ghana raises minimum capital requirement for banks by 233.3 percent

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Commercial banks in Ghana are required to increase their minimum capital by 233.3 percent to 400 million Ghana cedis (90.19 million U.S. dollars), the...
Banks

Economist want number of commercial banks cut down to control soaring NPLs

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Key players in the banking industry and some economists are worried with the large number of commercial banks licensed and operating in the country....
Banks

Government courts support of commercial banks on Treasury Single Account implementation

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Government has appealed to all the commercial banks to lend their support to help government implement the Treasury Single Account (TSA) policy successfully. “I wish...
Banks

Tanzania banks shift loans from productive sector to individuals to remain profitable

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Commercial banks in Tanzania were increasingly shifting from loaning the productive sector to individual persons and traders in order to remain profitable in the...
Nigeria Flag

About The Nigerian Banking System

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Again Nigerians are letting the commercial banks off the hook without as much as a slap on the wrist for their role in the...
mobile money

Bank fight telcos over mobile money dominance

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The Central Bank announced a new set of guidelines for the service about a year ago to improve money transfer via mobile phones. The new...
Finance Minister Seth Terkper

Ghana government, banks working to clear US$1.1 billion energy sector debts

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Seth Terkper said on Wednesday that the government and commercial banks have entered into an agreement on road-map to clear the about 4.4 billion...

Banks Given Dec Deadline for Instant Pay Certification

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Speaking at a stakeholders’ meeting to deliberate on the use of instant pay, Mr Archie Hesse, the Chief Executive Officer GhIPSS said the BoG...
CBNhq

Nigeria Central Bank To Limit Cash Withdrawals On Counter To N10, 000

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Already, commercial banks in the country have begun to enforce the new regulation. A visit to some banks in Abuja revealed that customers were made...

INTL FCStone Inc. plays co-host on commodity price risk management in Kenya

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With agricultural production lying at the heart of Kenya’s economy, the two-day seminar will target key industry players including commodity buyers and sellers, commercial...
agricultural-bank-of-china

China Takes Steps To Manage Risks In Banking Industry

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China's banking sector is in good and stable condition, said Shang Fulin, chairman of China Banking Regulatory Commission (CBRC), at a press conference on...
banks

Mobile banking, new frontier for Kenyan banks’ business growth

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Convenience, affordable interest rates and easy access of loans have made the mobile banking platform so popular that the number of people using them...

Kenyans in Diaspora Sent Home US$137.5 million in January

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The Central Bank of Kenya conducts a survey on remittance inflows every month through formal channels that include commercial banks and other authorized international remittance...
Godwin Emefiele

Nigeria holds standard rate of interest at 11 percent

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CBN Governor Godwin Emefiele made the announcement at a news conference here on the outcome of the Monetary Policy Committee (MPC) meeting. The governor...

Kenyan banks squeezed by rising non-performing loan book

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Although the value of the non-performing loans increased by 0.7 percent, the quality of assets held by the banks decreased from 2.7 percent in...

Mozambique passes bill to allow commercial banks access to clients’ information

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The commercial banks and other micro-finance institutions in Mozambique will from now on be able to access detailed information of their clients, after the...
Bank of Ghana

Ghana central bank merges Monetary Policy rate with Reverse Repo rates

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The Bank of Ghana has merged its benchmark policy rate with the reverse repo rate, which is the effective rate at which Bank of...
central bank kenya

Kenya’s banking sector records improved performance in Q1

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Kenya's banking sector recorded improved performance in the first quarter ended March 31, with deposits in commercial banks rising to 25 billion U.S. dollars...
Ghana Cedi

Government borrowing cited for high cost of credit in Ghana

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by Justice Lee Adoboe Business leaders and major stakeholders have been seeking answers to the causes of high cost of credit in Ghana. One major...
mobile

Kenyan firms turn to mobile phones to advance credit

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With uptake of credit cards failing to pick up in Kenya, commercial banks and other firms are turning to mobile phones to advance credit....

Angolan central bank sells $300 million to commercial banks

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Angola's central bank or the National Reserve Bank (BNA) sold a total of 300 million U.S. dollars to local commercial banks from March 30...

Banks interest rates in Kenya hit new low

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Lending charges in Kenya have dropped to a new low as commercial banks bring them down, albeit slowly, following the implementation of a loan-pricing...

South African central bank keeps repo rate unchanged

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The South African Reserve Bank (SARB) Governor Lesetja Kganyago on Thursday announced that the repo rate will remain unchanged at 5.75 percent, taking into...
Cenpower

Cenpower Seals Deal For KIPP

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Cenpower Generation, a special-purpose vehicle created to develop the Kpone independent power plant (KIPP), in the Tema industrial zone has announced the financial close...
Dollars

Banks in Ghana experience dollar shortage

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Some of the country's biggest commercial banks say they do not have?enough dollars to aid their operations. ? The banks attribute the serious short fall...