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Tag: BANKING

A financial graph representing improving credit ratings with upward trends and a stable outlook, in a modern style.
Business / Companies / economics

Moody’s Upgrades Nigeria’s Rating to ‘B3’ Amid Improved Economic Indicators

May 31, 2025May 31, 2025 - by Sofia Nawab - Leave a Comment

Moody’s upgraded Nigeria’s credit rating from ‘Caa1’ to ‘B3’ due to significant improvements in external and fiscal positions. The country’s economy is experiencing its fastest growth in nearly a decade, …

Moody’s Upgrades Nigeria’s Rating to ‘B3’ Amid Improved Economic Indicators Read More
A visually striking illustration of a barren bank with piles of cash hoarded outside, in dark tones, symbolizing economic strain.
Business / Companies / economics

Cash-Hoarding Cripples Zimbabwe Banking Sector

May 30, 2025May 30, 2025 - by Carmen Mendez - Leave a Comment

Zimbabwe’s banking sector is facing a serious liquidity crisis as wealthy individuals hoard billions outside the formal system. Dr. Sibongile Moyo of BAZ highlights that much of the country’s wealth …

Cash-Hoarding Cripples Zimbabwe Banking Sector Read More
A conceptual illustration of economic stress, featuring a heavy burden symbolized by a large boulder marked Naira and dollars, set against a dark sky to represent Nigeria's financial concerns.
Business / Companies / economics

Nigeria Faces Debt Surge with Fresh $24bn Borrowing Proposal

May 28, 2025May 28, 2025 - by Carmen Mendez - Leave a Comment

President Bola Tinubu’s proposed foreign loans could push Nigeria’s public debt from N144.67 trillion to over N182.91 trillion by 2026. Economists express concerns over sustainability and debt management as Nigeria’s …

Nigeria Faces Debt Surge with Fresh $24bn Borrowing Proposal Read More
Depiction of South African rand currency on a reflective surface with financial graphs in the background.
Business / Companies / economics

South African Rand Weakens Amid Anticipation of Interest Rate Cut

May 28, 2025May 28, 2025 - by Sofia Nawab - Leave a Comment

The South African rand weakened to 17.9225 per dollar on Tuesday ahead of the SARB’s expected interest rate cut to 7.25%. Inflation remains below the target range, and recent economic …

South African Rand Weakens Amid Anticipation of Interest Rate Cut Read More
A vibrant skyline of Buenos Aires with financial buildings symbolizing economic hope and stability.
Business / Companies / economics

Argentina Unveils First Peso-Denominated Debt Sale in Nearly a Decade

May 27, 2025May 27, 2025 - by Sofia Nawab - Leave a Comment

Argentina has announced its first peso-denominated debt sale in nearly a decade, aiming to raise up to $1 billion. This sale is critical for boosting foreign reserves and meeting IMF …

Argentina Unveils First Peso-Denominated Debt Sale in Nearly a Decade Read More
A symbolic depiction of bank liquidity challenges with a flow of currency in a minimalist style, using cool colors.
Business / Companies / economics

BEAC’s 320 Billion CFA Franc Injection: A Quench for Banks’ Liquidity Thirst?

May 23, 2025May 23, 2025 - by Liam Nguyen - Leave a Comment

The BEAC injected 320 billion CFA francs into CEMAC’s banking system, falling short of the 540.9 billion CFA francs requested by banks. This move followed a policy rate cut intended …

BEAC’s 320 Billion CFA Franc Injection: A Quench for Banks’ Liquidity Thirst? Read More
Historic building repurposed for gold trade operations in Ghana, showcasing classical architecture and vibrant nature.
Business / Companies

GoldBod to Establish Presence in Former Bank of Ghana Building

May 23, 2025May 23, 2025 - by Carmen Mendez - Leave a Comment

GoldBod, the Ghana Gold Board, is poised to take over the former Bank of Ghana building to establish a central operational base. This move is part of the Mahama Administration’s …

GoldBod to Establish Presence in Former Bank of Ghana Building Read More
Companies / Politics

Senegal’s Hidden Debt Scandal Hinders Amadou Hott’s AfDB Candidacy

May 13, 2025May 13, 2025 - by Carmen Mendez - Leave a Comment

Amadou Hott’s candidacy for the African Development Bank presidency is threatened by a recent audit revealing significant underreporting of Senegal’s public debt during his ministerial tenure. The IMF has suspended …

Senegal’s Hidden Debt Scandal Hinders Amadou Hott’s AfDB Candidacy Read More
Companies

Tendai Shaba Launches New Book on Financial Literacy for Africa

May 7, 2025May 7, 2025 - by Carmen Mendez - Leave a Comment

Tendai M. Shaba is set to release his new book, “How to Make Money Grow on Trees,” on July 28, 2025. The book focuses on financial literacy tailored to the …

Tendai Shaba Launches New Book on Financial Literacy for Africa Read More
Business / Companies / economics

Vera Daves de Sousa: Angola’s Finance Minister Championing Economic Reform

May 2, 2025May 2, 2025 - by Carmen Mendez - Leave a Comment

Vera Daves de Sousa, Angola’s Finance Minister, has distinguished herself at the IMF and World Bank spring meetings. Despite Angola’s exclusion from international markets, Daves de Sousa brings considerable experience …

Vera Daves de Sousa: Angola’s Finance Minister Championing Economic Reform Read More

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