This country has emerged first in Africa to adopt Bitcoin as its official currency

This country has emerged first in Africa to adopt Bitcoin as its official currency

The Central African Republic has emerged the first country in Africa to adopt Bitcoin as its official currency. Central African Republic adopts Bitcoin as its official currency The development was announced Wednesday by the country’s Presidency, after a bill that would govern the adoption of crypto assets was passed by parliament. A statement that was […]

Ghana Fixed Income Market: Stanbic still controls market but market share dips significantly

Ghana Fixed Income Market: Stanbic still controls market but market share dips significantly

Stanbic Bank still controlled the market share of the Ghana Fixed Income Market in the first quarter of this year. However, its control of the total value of government bonds and treasury notes went down significantly to 14.23%, from 25.21% recorded in 2021. Perhaps, Stanbic Bank decided to reduce its exposure to government securities because […]

Caleb varsity plans capacity development for secondary school students

Caleb varsity plans capacity development for secondary school students

The Caleb University, Imota, Lagos, has planned to educate secondary school students in its forthcoming National Intellectual Development Programme 2022. The NIDP is strategically designed to engage 2,000 Senior Secondary two and three students from 100 secondary schools drawn from the six geopolitical zones in Nigeria through career talk and debate competition. A statement signed […]

Purshottam Developers partners with Stanbic Bank in mortgage financing deal

Purshottam Developers partners with Stanbic Bank in mortgage financing deal

NAIROBI, Kenya April 21-Property developer Purshottam Developers, and Stanbic Bank Kenya have entered a structured mortgage finance partnership that will enable customers to own homes in Ruaka at an affordable cost. As part of the deal, Kenyans will be able to acquire the apartments with a standard minimal deposit and subsidized mortgage loan interest at […]

CRB listing freeze to delay risk based loan pricing - bankers

CRB listing freeze to delay risk based loan pricing – bankers

KBA chief executive Habil Olaka /FILE The Credit Reference Bureau (CRB) listing freeze on new loan defaulters of sums below Sh5 million could hinder the implementation of risk-based lending, bankers have said. The Kenya Bankers Association (KBA) chief executive Habil Olaka said this in a commentary supporting the new credit pricing model favoured by industry […]

Investment Alert: MTN issues $306.3 million commercial paper in Nigeria

Investment Alert: MTN issues $306.3 million commercial paper in Nigeria

MTN issues $306.3 million commercial paper in Nigeria MTN said the issuance would enable it to diversify its financing options. Proceeds from the exercise would go towards boosting the telco’s working capital. A commercial paper is an unsecured, short-term debt instrument commonly used by companies to raise capital from the public. MTN Nigeria, a subsidiary […]

Fitch Affirms Stanbic Bank Uganda at 'B+'; Outlook Negative

Fitch Affirms Stanbic Bank Uganda at ‘B+’; Outlook Negative

Fitch Ratings – London – 22 Apr 2022: Fitch Ratings has affirmed Stanbic Bank Uganda Limited’s (SBU) Long-Term Issuer Default Rating (IDR) at ‘B+’. The Rating Outlook is Negative. Fitch has withdrawn SBU’s Support Rating as it is no longer relevant to the agency’s coverage following the publication of its updated Bank Rating Criteria on […]