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Africa Banking News. Service for global professionals. Constantly updated news and information about Africa Banking.
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  • When Bankers Steal [editorial] 23 Nov 2009 11:14 GMT
    ... Lagos — When bankers steal it is sad. When ... When bankers steal, the whole concept of banking becomes meaningless. The 2008 Annual Report of the Nigeria Deposit Insurance Corporation (NDIC) has revealed that ...

  • Credit stress still rising 23 Nov 2009 05:53 GMT
    ... Regulator (NCR) about debt-related stress in South Africa as overindebted consumers battle to meet their obligations ... for credit - fewer people are approaching banks and other credit providers for credit. This is also ... begin to start banks giving out more loans. As it is now I think there ...

  • African Markets - Factors to watch on Nov 23 23 Nov 2009 06:10 GMT
    ... market moves and political events may affect African markets on Monday. - - - - ... news on all African stock click on NIGERIAN STOCKS Nigeria's all-share index rose by 0.31 ... points on Firday, thanks to gains in banking and other stocks. NIGERIA OIL Nigeria renewed ...

  • Hungry for Opportunities, European Investors Eye Africa's Unlisted Firms 23 Nov 2009 14:00 GMT
    ... investors are hungry for shares in unlisted African firms and could provide the needed shot ... 2009, according to World Bank estimates. The Nigerian bank crisis - in which banks were left holding toxic assets following a ...

  • South African Markets - Factors to watch on Nov 23 23 Nov 2009 06:30 GMT
    ... moves and political events may affect South African markets on Monday. - - - - ... is expected to release its first-half results. The bank said in September it expects first-half profit ... unanimously approved a bill to reform the central bank, including reducing the powers of the bank ...

  • INDICATORS - Egypt - Nov 23 23 Nov 2009 07:13 GMT
    ... Latest Date Pvs Rate 4 weeks ago 91-day T-bill ... 364-day T-bill yield 10.981 24/11/09 10.263 10.242 Central bank discount rate 8.5 2/8/09 9.0 9.0 Central bank o/n deposit 8.25 17/9/09 8.5 8.5 Central bank o/n ...

  • Al-Aboodi sees huge potential in Africa 23 Nov 2009 00:31 GMT
    ... Islamic bank in some of the North African countries. In sub-Saharan Africa, there were some ... of Senegal, and the Islamic Bank of Niger. The Arab Gambian Islamic Bank is not ... a success story there.” As far as non-banking financial institutions are concerned, the ICD focus ...

  • French and Spanish firms aim to give Gide a run for its money in Morocco 23 Nov 2009 10:17 GMT
    ... Morocco may be pushing hard for UK investors, ... in setting its sights on the North African country, with the past few years seeing ... Mintier, is the growing sophistication of Moroccan banks, which increasingly demand international firms’ experience and ...

  • Card fraud continues to hit banking industry 23 Nov 2009 14:01 GMT
    ... Credit card fraud continues to hit South Africa's banking industry, the South African Banking Risk Information ... said Sabric CEO Kalyani Pillay. She said banks remained committed to raising the public's awareness ...

  • Home loans remain elusive 23 Nov 2009 06:30 GMT
    ... Although all the South African banks have raised the number of residential property mortgage bonds that they are prepared to issue and have improved the loan to value ...

  • Egypt hit by wave of strikes and protests 23 Nov 2009 12:53 GMT
    ... Egypt hit by wave of strikes and protests “It’s ... demands of the IMF and the major banks. After the last elections in 2004, Mubarak's ...

  • Navy Federal Lands in Africa 23 Nov 2009 14:00 GMT
    ... Commander Combined Joint Task Force Horn of Africa. "This Navy Federal ATM is a huge ... Djibouti for direct purchases, exchange it at banks in town, or at the Disbursing Office. "In ... financial access for members worldwide." Navy Federal Credit Union is the world's largest natural person ...

  • AFRICA/GUINEA - If talks between the military regime and the opposition fail, ethnic card may be played, a local Church source tells Fides 23 Nov 2009 13:20 GMT
    ... AFRICA/GUINEA - “If talks between the military regime ... gasoline, electric power outages are frequent, the banks have restricted credit and issuance of foreign currency." The economic ...

  • Angola FX reserves drop despite firm oil prices 23 Nov 2009 12:31 GMT
    ... to banks at its daily auctions," a banking source familiar with the matter told Reuters. ... and Portuguese construction companies operating in the African nation, which may have also weighed on ... data by the central bank. Angola rivals Nigeria as Africa's top oil producer. It relies ...

  • 'WETIN' CONCERN NLC/TUC WITH FOREX MARKET? (2) 23 Nov 2009 00:15 GMT
    ... In spite of Organised Labour’s recognition of the real ... waned! Labour, of course, recognizes that NNPC (Nigerian National Petroleum Corporation), like all monopolies (especially ... suppliers are legally permitted to approach the banks directly for the exchange of their dollars ...


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