Banking | - Part 5

AfDB approves trade finance transaction guarantee facility to Banque Commerciale du Burundi

ABIDJAN (Capital Markets on Africa): The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi (Bancobu). Leveraging Bancobu’s strategic footprint in the East African nation, this instrument will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates, to facilitate their import and export trade finance requirements. The Bank will provide a guarantee to Confirming Banks for the non-payment…

Oxford Economics Bank Problem Webinar: Register Now

Posted on by The Editorial Team

Webinar | Bank problems dampen the global outlook, but a catastrophe remains unlikely. 17 Apr 2023 | In the latest global webinar, we review our latest economic forecasts and set out how we have adjusted them in the wake of the recent troubles in the banking system. We also assess the potential scale of downside risks were problems to build further. REGISTER NOW We will forward connection details to the email address provided as well…

China: Risk of macro fallout will see policy err on side of caution

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa): Our house view is that recent bank failures are largely contained and in and of themselves do not represent a systemic threat. But market repricing and a shifting economic environment in the US/EU, alongside the PBOC’s surprise RRR cut, have led some to (once again) question China’s recovery and any associated contagion risk from tighter US and global financial conditions. This is so despite the recent contrast between US and…

SARB to hike repo rate: Finder’s Repo Rate Forecast Report

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa): The SARB’s Monetary Policy Committee (MPC) is set to increase the repo rate at the March meeting, according to 95% of panellists on Finder.com’s SARB Repo Rate Forecast Report. 77% think the repo rate will increase by 25 bps, while 14% forecast a 50 bps increase. However the panel is divided on whether or not this will be the rate peak. 55% of panellists expect March to be the peak…

Commentary: Bank of England Hikes Rates By 0.25 Percent

Posted on by The Editorial Team

LONDON (Capital Markets in Africa): The Bank of England has raised the base rate from 4% to 4.25%. This is the 11th consecutive rise and seven members of the nine-person Monetary Policy Committee supported the quarter of a percentage point increase. Marc Cogliatti, Head of Global Capital Markets at Validus Risk Management: “As widely expected, the Bank of England raised rates by 0.25% at today’s meeting, taking the base rate to 4.25% — its highest…

AfDB concludes 2023 insurer roadshow to accelerate mobilization of private capital to the continent

Posted on by The Editorial Team

LONDON, United Kingdom, March 1, 2023/ — The Co-Financing, Syndications and Client Solutions department of the African Development Bank Group (www.AfDB.org) has met with London-based insurers to galvanize continued support of the Bank’s balance sheet optimization and mobilization ambitions, in line with its 2023 lending program. The Bank held an investor relationship event on 28 February, attended by representatives from over 30 insurance companies from the London, Bermudan and other international markets, including many…

South Africa: Grey listing still avoidable, but time is running out

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – A preliminary evaluation report compiled by the Financial Action Task Force (FATF) in October 2021 showed that South Africa complied with only three of the group’s 40 benchmark recommendations to combat illicit financial activity. South Africa has until October 2022 to put forward a credible plan that maps out how government intends to address deficiencies in the country’s ability to investigate and prevent illicit financial activity. Failing to do…

« 1 … 3 4 5 6 7 … 128 »