Banking & Finance

CredoLab raising banks’ loan-to-deposit ratio while minimising risk

LDR credoThe Central Bank of Nigeria (CBN) has increased the minimum loan-to-deposit ratio (LDR) of commercial banks from 60 per cent to 65 per cent in the latter part of 2019, which, according to Bloomberg, was aimed at forcing banks to boost credit, mainly to farmers, small-and-medium-size businesses and consumers

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ABSA appoints new chief executive to expand African operations

absaAbsa, the leading pan-African financial services group, has appointed Cheryl Buss as CEO of Absa International which includes managing Absa Securities United Kingdom

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Financial inclusion firmly on Africa’s agenda

uKheshe card in actionA year since launching, uKheshe, South Africa’s QR cash card and microtransaction platform, has left a significant imprint on South Africa’s unbanked and underbanked

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AfDB becomes a shareholder in Africa Finance Corporation

afc afdbThe African Development Bank (AfDB), Africa’s highest investment-grade rated (AAA with stable outlook) multinational financial institution, has invested US$50mn in the equity of Africa Finance Corporation (AFC)

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Thales supports Ghana’s financial inclusion drive

GameltoThe French aerospace company Thales, through its subsidiary Gemalto, is working in partnership with Paycode to supply dual card technology to Ghana Interbank Payment and Settlement Systems (GhIPSS)

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