Latest News for: african bank

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US tariffs threaten to destabilise African banks amid global trade tensions, warns Moody's

Independent online (SA) 25 Apr 2025
Moody’s Ratings has cautioned that though the US tariffs are expected to have few direct credit implications for African banks, the tariffs will have significant indirect negative implications through the financial markets' risk-transmission channel.
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Stakeholders acknowledge progress with Zimbabwe arrears clearance dialogue, call for more effort and support

Sierra Leone Telegraph 25 Apr 2025
Other speakers included Dr Akinwumi Adesina, President of the African Development Bank and champion of the dialogue process; Ndiamé Diop, the World Bank Vice President for Eastern and Southern Africa; ...
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Trump tariff talks are prolonging uncertainty: S.Africa central bank chair

Knoxville Daily Sun 25 Apr 2025
"In an environment where every country is negotiating bilaterally, these things could actually take a lot of time," South African Reserve Bank Governor Lesetja Kganyago told reporters during a media briefing in Washington organized by the G20.�.
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Olufemi Bakre Conferred Honorary Citizenship of Atlanta, Georgia

This Day 25 Apr 2025
The annual event, organized in collaboration with EXIM Bank and the African Union, celebrates impactful leaders who have made significant contributions to trade, investment, and socio-economic development across Africa and the diaspora.
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W’Bank: Nigeria, Sub-Saharan African Nations to Pay $20bn Interests to External Creditors in 2025

This Day 25 Apr 2025
The monetary policy stance remains differentiated across Sub-Saharan African countries, although most central banks have started to cut interest rates or have paused their hiking cycle for several months,” the global financial institution posited.
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IMF Urges Nigeria, Others to Enhance Fiscal Buffers

This Day 25 Apr 2025
She also underscored the importance of boosting intra-African trade, comparing the continent’s potential to that of Asia and welcomed World Bank efforts to ease infrastructure barriers to trade.
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Economic Watch: Tariff clouds loom over IMF, World Bank Spring Meetings

Xinhua 25 Apr 2025
Goodman Chakanyuka is the executive director of credit risk at the Trade and Development Bank, an African regional development finance institution ... Some member countries of the regional bank are "big exporters" to the United States.
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WTO lowers trade prospects for Africa

China Daily 25 Apr 2025
Between 2015 and 2020, exports of digitally delivered services such as customer support, IT consulting, and design services experienced an average annual growth of around 9 percent according to data from the African Export-Import Bank.
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HARNESSING THE CREATIVE AND TOURISM RESOURCESAll

This Day 25 Apr 2025
Attended by Federal Ministry of Arts Culture Tourism and Creative Economy, Federal Ministry of Budget and Economic Planning, Federal Ministry of Aviation and Aerospace Development, African ...
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African Bank gives 10% stake to workers in inclusive employee ownership scheme

Independent online (SA) 24 Apr 2025
African Bank has embarked on a new journey that empowers its own permanent workers with the launch of the iKamva Lethu (Our Future) Employee Share Ownership Scheme (ESOS) in 2024 ... As African Bank ...
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Trade war is "tax without revenue", says Sarb Governor Lesetja Kganyago

Independent online (SA) 24 Apr 2025
South African Reserve Bank (Sarb) Governor, Lesetja Kganyago, has likened the prevailing uncertainty in the global trade and economy caused by the trade war over import tariffs as a “tax without revenue”.
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South African fund managers adopt cautious optimism as gold positions rise

Independent online (SA) 24 Apr 2025
South African fund managers are preferring a high gold positioning as the ... Nonetheless, South African banks and chief financial officers were now “generally more cautious on the economy” than others.
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BoG Governor urges IMF to reform debt tools for Africa

B & FT Online 24 Apr 2025
African central bank governors have urged the International Monetary Fund to overhaul its debt sustainability framework, saying the current model fails to reflect the continent’s unique economic vulnerabilities.
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Jimoh Ibrahim Seeks Effective Data Usage for Africa’s Development at IMF Meetings

This Day 24 Apr 2025
He advises the IMF to loan only to African countries with a data bank ... My only question is, can any country develop without a data bank? Why are you not insisting on one, and how are you obtaining your ...
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Policies are being put together to reduce and stabilize inflation – Governor  

Ghana Business News 24 Apr 2025
Dr Johnson Asiama – Governor of Bank of Ghana ... Johnson Pandit Asiama, Governor, Bank Of Ghana, says steps are being taken to reduce and stabilize inflation, and build reserves amid sound fiscal policy consolidation measures.

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