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WAEMU: Financial inclusion rate rose to 60.1% in 2019, with Côte d’Ivoire topping the ranking

  • Posted on: 23 November 2020
  • Updated on: 23 November 2020
  • By: radmin

The financial inclusion rate within the West African Economic and Monetary Union (WAEMU) grew to 60.1% in 2019 with Côte d’Ivoire now being the best performer. The figures were provided by the Central Bank (BCEAO) in its 2019 report on financial inclusion in the region.

Nigeria: The Proliferation of Mini-Banks

  • Posted on: 23 November 2020
  • Updated on: 23 November 2020
  • By: radmin

A walk around my neighbourhood here in FESTAC Town, Lagos, reveals a large number of mini-banks that have recently been set up along the streets, and in one corner or the other, of the neighbourhood. I believe that this is also currently the situation in many other parts of the country. Many umbrellas and kiosks have been set up in one corner of the street or the other, offering banking services, which would otherwise have been offered at the different bank branches.

Zimbabwe posts Africa’s best stock market returns since Jan. 2020

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

The Zimbabwe Stock Exchange had the best performance of African stock market indices over the first nine months of 2020, according to a consolidated report by the African Markets platform.

Zimbabwe All-Share Index, the main index of this financial market, grew by 612% over the period under review when the values are taken in local currency. When securities are taken in dollar and euro, the ZSE ASI shows performances of 46.6% and 40% respectively. This means that foreign investors who made investments in dollars or euro in African financial markets made better gains in Zimbabwe.

Ghana: Absa Bank Ghana Unveils Banking Proposition for Women Entrepreneurs

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

Absa Bank Ghana has unveiled a female banking proposition known as 'EMERGE' to offer women entrepreneurs tailored value added financial solutions to empower them to sustainably grow their businesses.

The Absa 'EMERGE' is designed to help bridge the financial gap which is currently skewed towards male-led SME businesses.

In recent times there has been the growth of women entrepreneurs, women-owned and managed businesses particularly in the SME sector globally.

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