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Banking and Finance
Zambian inflation hits 20-month high as currency at record low
Zambian inflation accelerated to a 20-month high in November as a slump in the value of the kwacha raised the cost of imported…
Rand falls victim to South Africa’s ‘noise’ in dismal November
November has been good to South Africa’s rand for the past five years. This time is different.
South Africa’s currency is on…
BoG announces 1,100% increment in minimum paid-up capital for Credit…
In a sweeping move, the Bank of Ghana (BoG) has enacted a remarkable 1,100 percent surge in the minimum paid-up capital for both…
BoG announces impending closure of Non-Bank Financial Institutions facing…
The Bank of Ghana has revealed plans to shut down a number of Non-Bank Financial Institutions (NBFIs) grappling with significant…
Import restrictions regulation offends Ghana’s commitments under IMF deal –…
The Member of Parliament for Bawku Central Constituency, Mahama Ayariga, maintains that the proposed import restriction policy on…
Zambia’s foreign debt tragedy – what needs to happen to resolve the crisis
Three years after defaulting on its foreign debt, Zambia is still trying to reach agreement with all its creditors on how to…
New price increases will help us sustain our business – MTN Ghana
Telecommunications giant MTN Ghana has justified increasing the prices of its offerings by 15% for prepaid and postpaid customers.…
LemFi suspends operation in Ghana following BoG notice
LemFi has been forced to suspend its operations in Ghana following a notice from Bank of Ghana (BoG) that it has no operational…
Remittance inflows soar to $3.2 billion in Q3 2023
Latest data from the Bank of Ghana, disclosed during its recent Monetary Policy Committee meeting on November 27, 2023, reveals a…
Kenya abandons Eurobond plan in change of funding strategy
Kenya has dropped plans to tap international capital markets this fiscal year due to the high cost of dollar debt, according to…