Search Results: "banks"
02:25Added 450 Views / 0 Likes
Nigerian commercial banks have begun publishing lists of debtors in national dailies in a bid to check the rising non-performing loan profile of Deposit Money banks in the country. The action follows the expiration of the Central Bank of Nigeria's three-m
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South Africa is teetering on the edge of being rated junk. Two international credit ratings agencies Standard & Poors and Fitch are due to announce their latest views of the country's economy and projections do not look good.
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Zimbabwean President Robert Mugabe has blamed local banks for stifling the country's recovery by charging high interest rates. Zimbabwe's economy - stalled since 2013 - is battling a liquidity shortage and has been characterized by company closures and jo
02:24Added 344 Views / 0 Likes
Zimbabwe's central bank is frustrated by businesses which are not banking their daily earnings, amidsts a cash crunch that's roiling through the country. Banks have run short of hard cash in recent weeks, sparking fears of a cash crisis last experienced a
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For weeks, after legislators approved a law capping retail lending rates, the Kenya Bankers Association warned that price controls would restrict lending. August's data from the Central Bank, which indicated that private sector credit growth had fallen to
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A shortage of bank notes in Zimbabwe has seen some people spending the night queuing outside banks. The country has been experiencing a dearth of the preferred U.S. dollar for some months now. Officials are due to introduce local bond notes this month to
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With a decline of well over 10% in January, Kenya's NSE was the worst performing stock exchange in the world. Bank stocks have borne the brunt of the decline, with 7 of the 11 falling by between 10% and 17%. However, after 52 weeks of losses, surely bank
05:31Added 337 Views / 0 Likes
Police in Zimbabwe dispersed anti-government protestors who were demonstrating against a worsening economy. The protests did not last long. The protestors had been calling for the resignation of the central bank governor over a long running cash shortage.