All News

Kenya: Credit Extended to Private Sector Picks Up in 1Q21

  • Posted on: 16 August 2021
  • Updated on: 16 August 2021
  • By: radmin

Credit extended by the monetary banking system to the private sector increased in the first quarter of 2021, with loans to households being the key driver of growth.

This is according to a new report by the Central Bank of Kenya which indicates that lending to the household sector increased by Sh39 billion compared to Sh9.7 billion in the previous quarter partly reflecting focus by banks on secured individual lending as well as on the use of digital platforms.

Nigeria: Again, CBN Guarantees Safety, Resilience of Banking Industry

  • Posted on: 16 August 2021
  • Updated on: 16 August 2021
  • By: radmin

The Central Bank of Nigeria (CBN) yesterday reiterated the resilience, safety, and soundness of Nigerian Deposit Money Banks (DMBs) as well as the other financial institutions under its supervision.

The assurance came against the backdrop of "false and unfounded stories circulating in the social media attacking the soundness and safety of some Nigerian banks".

West Africa: Factoring Offers an Alternative to Financing for SMEs - Central Bank of West African States

  • Posted on: 22 July 2021
  • Updated on: 22 July 2021
  • By: radmin

Factoring, which is a financial management technique allowing a company to liquidate its receivables and recover cash, can be an alternative and complementary solution to financing, in particular for SMEs and SMIs the Governor of the Central Bank of West African States (Bceao), Tiémoko Meyliet Koné said at the official opening, on Tuesday, July 13, of the series of joint BCEAO-AFREXIMBANK-FCI webinars on the theme "factoring and financing of receivables in Africa".

Pages

TOP