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Namibia: Agribank Extended Funding Worth Over N$15 Million to Communal Farmers Without Collateral

  • Posted on: 2 November 2020
  • Updated on: 2 November 2020
  • By: radmin

In the financial year ended 31 March 2020, Agribank extended funding worth over N$15 million to communal farmers without collateral, while over 8000 farmers countrywide benefited from training and mentorship interventions.

The bank disbursed N$246 million of loans in the financial year under review. Of this amount, more than N$21 million was paid exclusively to female clients, while N$52 million went to the youth (below 40 years of age).

Tunisia’s Arab International Bank seeks $36.7mln on the local money market

  • Posted on: 2 November 2020
  • Updated on: 2 November 2020
  • By: radmin

Tunisia’s Arab International Bank (BIAT) is seeking TND100 million ($36.7 million) on the local money market. The operation is not a public offering but a private placement of the bonds. It could be increased to 200 million dinars if investors' appetite is strong.

Angola: Bna Intends to Dictate Rules for Electronic Money Licensing

  • Posted on: 2 November 2020
  • Updated on: 2 November 2020
  • By: radmin

The National Bank of Angola (BNA) on Sunday recommended all companies operating in the e-money business, without being qualified to do so, so as to be identified in the Payment System Department.

In a communiqué, the BNA, as regulator and supervisor of the financial system, says it has verified a growing number of applications with integrated e-money packages in the Angolan marked without being constituted as payment service providers.

Uganda: All Banks Have Restructured Loans Apart From One - Bou

  • Posted on: 9 September 2020
  • Updated on: 9 September 2020
  • By: radmin

All supervised financial institutions, save for one, have granted some kind of credit relief to their clients as a measure to mitigate the impact of Covid-19 on the economy.

Bank of Uganda's financial stability report for June has revealed that only one financial institution, which the report does not mention, has not granted any credit relief because it has not received any applications.

Daily Monitor had by press time not independently ascertained which financial institution it is.

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