Tanzanian banks continued to grapple with escalating non-performing loans (NPLs) portfolios in the second quarter of 2021 despite central bank warning to rein in the ratios to within accepted levels. Published Q2 2021 financial statements by commercial banks placed them on the wrong end of the spectrum, with TIB Development Bank and International Commercial Bank, […]
Image: Shutterstock As a listed Pan-African equities portfolio manager, I am fascinated by the enormous amount of private capital that African financial inclusion (fintech) companies have attracted over the last five years. Venture investors have, mostly, paid no heed to the most common risks cited by South African institutional investors such as currency stability and/or […]
Data from the financial statements of about 60% of banks in the country for the first half of the year 2021, shows promising increases in profits for some and some slowdown in profit growth for others. This can be gleaned from the Summary Statements of Comprehensive Incomes of 13 of Ghana’s top banks covering January […]
Hamid Ayodeji writes on Access Bank’s aggressive expansion strategy The Group Managing Director of Access Bank Plc, Mr. Hebert Wigwe is not about to slowdown anytime soon. From Nigeria to Rwanda, South Africa, Mozambique, Kenya, Zambia, among several others, the expansionist adrenaline rush in the Chairman of the Body of Bank Chief Executive Officers (CEOs) […]
Data from the financial statements of about 60% of banks in the country for the first half of the year 2021, shows promising increases in profits for some and some slowdown in profit growth for others. This can be gleaned from the Summary Statements of Comprehensive Incomes of 13 of Ghana’s top banks covering January […]
Darasimi Adebisi The Federal Inland Revenue Service (FIRS), and other tax authorities in countries where Nigerian banks operate, generated a total of N450.2billion as tax income from six Domestic- Systemically Important Banks (D-SIBs) in three years, a report by the National Bureau of Statistics (NBS) has revealed. These six D-SIBs are GTCO Plc (formally Guaranty […]
Bankers say the measures are encouraging and that they will help increase liquidity in financial institutions besides promoting credit to the private sector Dar es Salaam . The productive sector will soon find it easy to access bank loans as the Bank of Tanzania (BoT) issues new measures intended to reduce interest rates on loans […]
Db Bfa Dae C B C Be Fb F Traders Advocacy Group Ghana (TAGG) has expressed its support for the President and his government for their efforts towards managing the pandemic and its impact. Meanwhile, TAGG has also urged the general public to abide by the Covid-19 protocols to prevent the spread of the third […]
Banks fund 273,435 businesses with N1.8tr loan –CBN Amid growing anxiety over the fate of retail customers in the aftermath of the Central Bank of Nigeria (CBN) ban on sale of foreign currencies to Bureau de Change operators, managing directors of Deposit Money banks (DMBs) yesterday, said they are now set to fill the void […]
…Deploy infrastructure for immediate forex sale By Babajide Komolafe & Elizabeth Adegbesa n Banks Chief Executives have warned against presentation of fake documents for foreign exchange purchase, even as they expressed readiness to sell foreign exchange to members of the public as directed by the Central Bank of Nigeria (CBN). This follows the decision of […]
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