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  • 02:25 Nigeria Banks Publicly Name And Shame Debtors

    Nigeria Banks Publicly Name And Shame Debtors

    by Headlines Africa Added 285 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

  • 01:50 South Africa On The Edge Of Being Rated Junk

    South Africa On The Edge Of Being Rated Junk

    by Headlines Africa Added 145 Views / 0 Likes

    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.

  • 01:09 Zimbabwe's Robert Mugabe Slams Banks For High Interest Rates

    Zimbabwe's Robert Mugabe Slams Banks For High Interest Rates

    by Headlines Africa Added 111 Views / 0 Likes

    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

  • 02:24 Liquidity Crisis Looming In Zimbabwe As Banks Run Short Of Money

    Liquidity Crisis Looming In Zimbabwe As Banks Run Short Of Money

    by Headlines Africa Added 182 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

  • 05:07 Equity Bank CEO Says Bank Can Lend To Any Kenyan Who Needs A Loan

    Equity Bank CEO Says Bank Can Lend To Any Kenyan Who Needs A Loan

    by Headlines Africa Added 384 Views / 0 Likes

    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

  • 02:47 Currency Shortage In Zimbabwe Prompts Overnight Queuing Outside Banks

    Currency Shortage In Zimbabwe Prompts Overnight Queuing Outside Banks

    by Headlines Africa Added 159 Views / 0 Likes

    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

  • 03:53 Kenya Bank Stocks Take A Major Hit On The Bourse

    Kenya Bank Stocks Take A Major Hit On The Bourse

    by Headlines Africa Added 147 Views / 0 Likes

    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

  • 05:31 Frustration High In Zimbabwe Over Worsening Economy

    Frustration High In Zimbabwe Over Worsening Economy

    by Headlines Africa Added 130 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.

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