BCEAO Authorised PI-SPI Public Services as Senegal Connected 43 Providers
BCEAO published the institutions authorised to offer PI-SPI services to the public, with 43 banks, microfinance institutions and mobile-money providers connected in Senegal by the 30 September deadline.
Mozambique Held MIMO Rate at 9.25% and Adjusted Reserve Rules
Banco de Moçambique held its policy rate at 9.25% while introducing an 18-month reserve-requirement mechanism that lets banks deduct new lending to firms supporting import substitution or exports.
GCR Affirmed Bank Windhoek Ratings With Stable Outlook Across Two Markets
GCR affirmed Bank Windhoek's Namibian and South African ratings with stable outlooks, with the bank pointing to its sound capitalisation, adequate liquidity and established position in Namibia.
South African Reserve Bank appointed Franz Ruch as seventh MPC member
South African Reserve Bank appointed economist Franz Ruch as adviser to the governors and seventh Monetary Policy Committee member, effective 1 October, ahead of its November interest-rate decision.
Kenya licensed 29 additional digital lenders as regulated provider count reached 281
Kenya’s central bank licensed 29 additional digital credit providers, raising the regulated total to 281 after firms had issued 9.6 million loans worth KSh165.1 billion by August.
Standard Bank Angola Shares Begin Trading on BODIVA After State Sale
Standard Bank Angola has joined BODIVA's equity market after the state sold 34% of the lender, completing a planned listing milestone and making its shares available for regulated secondary trading.
Côte d’Ivoire’s SIB increased first-half net income 9% to CFA32.1 billion
Société Ivoirienne de Banque raised first-half net income 9% to CFA32.1 billion, as net banking income grew 4% and its cost of risk fell sharply.
JPMorgan named Edward Bell to lead Sub-Saharan Africa investment banking
JPMorgan named Edward Bell head of Sub-Saharan Africa investment banking, putting the executive, who joined the bank in 2017, in charge of its investment-banking business across the region with immediate effect.
South Africa’s Capitec lifted first-half headline earnings 19% to R9.5 billion
Capitec increased headline earnings 19% to R9.5 billion in the six months ended August, as net non-interest income rose 21% and its interim dividend also rose 19%.
Angola Raised Kz208.5 Billion from Completed Standard Bank Stake Sale
Angola completed the sale of its 34% Standard Bank Angola stake for Kz208.5 billion, bringing 6,215 new shareholders into the lender after demand exceeded supply.
GTCO reported ₦603.03 billion half-year profit and declared ₦1 dividend
Nigeria’s GTCO reported first-half profit before tax of ₦603.03 billion, up 0.4% year on year, as stronger interest and trading income offset a ₦46.2 billion fair-value loss.
West African Development Bank approved CFA157.5 billion regional financing package
The West African Development Bank approved CFA157.5 billion of new operations across six WAEMU economies, taking its cumulative financing commitments since 1973 to CFA10.99 trillion.