Category archives for: Banking & Finance

Ghana’s Pensions Regime Requires Urgent Reforms

Accra, April 26, 2018//-The Vice President of the Ghana, Dr Mahamudu Bawumia, has called for major reforms in pension administration in the country.

African Companies Defied Headwinds to Raise $13.5 Billion Equity

April 26, 2018//-Despite difficult business environment, African companies have defied the odds to continue its upward growth trajectory raising about $13.5 billion equity in non-African capital markets in 2017, representing a 49 per cent increase from 2016, PwC 2017 report has said.

Shareholders Laud Ecobank’s Return to Profit

Lome, Togo, April 25, 2018/ — Ecobank Transnational Incorporated, parent of the Ecobank Group, a leading pan-African bank with operations in 36 countries across the continent, today concluded its 30th Annual General Meeting in Lomé, Togo.

$500 Million Public Offer: SEC Confirms Talks With MTN Group

April 25, 2018//-The Securities and Exchange Commission (SEC) on Wednesday confirmed that MTN Group had finally commenced discussions with the commission on its proposed 500 million dollars Initial Public Offering (IPO).

Remittances to Ghana, Other Low-Middle Income Countries Hit $466 Billion

April 25, 2018//-Remittances to low- and middle-income countries including Ghana rebounded to a record level in 2017 after two consecutive years of decline,  World Bank’s latest Migration and Development Brief has revealed.

Kenya: Treasury Bills Subscription Stands at 162 per cent

April 24, 2018//-Treasury bills subscription rebounded during last week’s auction with a performance rate of 162.46 per cent.

Building a Resilient Banking Sector to Support a Vibrant Ghanaian Economy

Accra, April 24, 2018//-Ghana’s banking sector forms about 85% of the entire financial system, making economic activity largely dependent on bank financing more so than on capital market financing.

East African States Step Up Efforts to Stop Banks from Collapsing

April 24, 2018//-East African countries are working to strengthen the financial muscle of banks in an attempt to create stronger institutions, protect depositors’ savings and contain cross-border contagion effects of bank failures.

Briefly…on the Supply-Demand Shock Shaking Up Libor

April 24, 2018//-Since the start of 2018, the London interbank offered rate (or Libor) — the interest-rate benchmark for trillions of dollars of bonds, loans, mortgages and other financial contracts — has jumped to its highest levels since the financial crisis.

Ecobank Calls for Applications for its Fintech Challenge

Lome, Togo, April 23, 2018/ — Ecobank , a leading pan-African banking group, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge.

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