Kenya’s central bank sets April deadline for banks’ capital raising plans - Finance in Africa
The directive comes as banks prepare to meet a new total core capital requirement of $77.7 million by 2029.| Finance in Africa
Kenya cuts rates again despite mounting price pressures | Finance in Africa
The directive comes as banks prepare to meet a new total core capital requirement of $77.7 million by 2029.| Finance in Africa
The capital raise is aimed at ensuring compliance with CBN's minimum capital requirements for banks and aligns with its long-term strategic objectives.| Finance in Africa
HSBC Holdings Plc has officially exited South Africa, ending a three-decade run which will see its assets and operations transferred to FirstRand.| Finance in Africa
Fidelity Bank Plc has denied claims that Nigeria’s apex court ordered it to pay $139 million in damages over a disputed legacy loan.| Finance in Africa
JPMorgan has upgraded its outlook on Afreximbank’s Eurobonds to overweight, citing more attractive pricing following a recent Fitch downgrade.| Finance in Africa
Nigeria is weighing its first interest rate cut in five years as inflation cools and foreign capital begins to return.| Finance in Africa
The South African Reserve Bank (SARB) kept its benchmark repo rate steady at 7% on Thursday, citing inflationary concerns.| Finance in Africa
Standard Chartered Kenya has warned that its net profit for 2025 could fall by at least 25%, following a costly pension settlement .| Finance in Africa
Zenith Bank, one of Nigeria’s largest lenders, is set to expand into Francophone Africa this year with a greenfield unit in Côte d’Ivoire.| Finance in Africa
Ghana’s central bank lowered its benchmark lending rate by 350 basis points to 21.5% from 25% as inflationary pressures ease further.| Finance in Africa
