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Central Bank of Kenya extends charge-free MoMo payment measure by 6 months

  • Posted on: 6 July 2020
  • Updated on: 6 July 2020
  • By: radmin

The Central Bank of Kenya has decided to extend for a further 6 months its measure allowing money transactions via mobile phones to be charge-free for users. The money issuing institution says it wants to reduce direct and indirect contacts between people in this context of the global health crisis.

Moody’s changes outlook for BMCE Bank to negative amid risks in SSA

  • Posted on: 6 July 2020
  • Updated on: 6 July 2020
  • By: radmin

In a statement published on June 18, US rating agency Moody’s announced it has changed the outlook for BMCE Bank of Africa to negative, from stable. The reason, Moody’s said, is the consequences of the coronavirus pandemic on the already weak economy in sub-Saharan Africa where the bank is present.

S&P Global affirms African Development Bank’s AAA rating, with stable outlook

  • Posted on: 6 July 2020
  • Updated on: 6 July 2020
  • By: radmin

Ratings agency S&P Global on Friday affirmed its 'AAA/A-1+' long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook.

The rating agency positively assessed the Bank’s very strong financial risk profile, very strong capital adequacy, strong funding and liquidity, extraordinary shareholder support and adequacy of its governance and management. 

“We are therefore affirming our ‘AAA’ long-term issuer credit rating on the AfDB,” S&P Global stated.

Nigeria: FMBN Moves to Promote Access to Affordable Housing

  • Posted on: 6 July 2020
  • Updated on: 6 July 2020
  • By: radmin

The Managing Director and Chief Executive Officer (MD/CEO) of the Federal Mortgage Bank of Nigeria (FMBN), Architect Ahmed Musa Dangiwa, has said the bank's board and executive management team remain committed to achieving the core components of a strategic roadmap to reposition the bank.

Arc. Dangiwa who spoke during a ceremony to mark the third year anniversary of the current FMBN Executive Management Team which came on board in April, 2017, said implementing the strategic roadmap would increase the bank's capacity to promote access to affordable housing for Nigerians.

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