Tagged in: Kenya

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Uganda: Safety first approach

‘Financial Sector Stability: Managing risk in a growing and fast-changing environment’ was the theme at this year’s annual conference of the Uganda Bankers’ Association (UBA) held in mid-July.…

Kenya: Is too much regulation stifling growth?

In July, a court temporarily suspended the implementation of a new 0.05% tax on bank transfers above Kshs500,000 ($5,000); a victory for the Kenya Bankers Association (KBA), which took the matter to court.

Kenya’s banks feel the pressure

Kenya’s finance minister, Henry Rotich, surprised the country’s banking industry in June 2018 when he announced as part of his budget that the government intended to scrap the interest rate caps imposed 22 months before.…

Safaricom to bring M-Pesa to Ethiopia

Safaricom is in “advanced talks” with the Ethiopian government to introduce its popular mobile money service firm M-Pesa to East Africa’s biggest market in terms of population. …

Has Africa learned its lesson on debt?

Thirteen years after the debt relief movement saw billions in unsustainable public borrowing written off by Western creditors, there are worrying signs that African economies could be lurching towards another crisis.…