A combination of the oil price decline and Covid-19 has prompted international rating agency Fitch to downgrade Nigeria’s banking sector to negative but the medium-term outlook is relatively stable, says Mahin Dissanayake, senior director, banks, Africa and the Middle East, Fitch.…
The global economic devastation that has come in the wake of the coronavirus crisis has not spared Africa but perhaps the impact has not been so severe yet.…
Trading volumes at the Nairobi Securities Exchange were already low at the beginning of the year when Covid-19 hit Kenya, so it was reasonable to expect further depression.…
Digital financial services are both broadening and speeding up financial inclusion in many African countries – a key factor in accelerating economic growth.…
African banks, including central banks, have been quick to appraise the situation in the wake of the lockdowns induced by Covid-19 and most have put mitigating measures in place.…
In an exclusive interview, Moza Banco CEO João Figueiredo talks to us about the bank’s reaction to the Covid-19 pandemic in Mozambique and its plans for the future.…
South Africa’s banks, like the country’s economy, are bracing for a rough ride.…
The Islamic Development Bank has moved rapidly to put together a $2.3bn package of support for its member countries in response to the economic and health attrition caused by Covid-19.…
The government of Nigeria announced its latest N150bn sukuk in May.…
In the wake of Covid-19, the demand for insurance payments to cover loss of life, health provision and business losses has been unprecedented.…
