Money Market

UBA Kenya to Leverage on Group’s Capacity to Finance Large Ticket Transactions in Kenya

May 17, 2018/UBA Plc United Bank for Africa, a leading pan-African financial institution with operations in 20 African countries has assured the players in the private and public sectors in East Africa’s largest economy that its Kenyan franchise is ready and committed to finance key projects and business transactions capable […]

Forex: Inter-Bank Sector Gets $210m

Culled—Proshare May 16, 2018/CBN  In another round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, May 15, 2018, injected the sum of $210million into the inter-bank Foreign Exchange Market to boost liquidity in the system.   The figures released by the Bank in Abuja indicate that it allocated the […]

Zimbabwe bans banks from processing payments for cryptocurrencies

13/5/2018/Reuters By MacDonald Dzirutwe Zimbabwe’s central bank has stopped local banks from trading or processing payments linked to cryptocurrencies like bitcoin, its governor said on Monday, but stopped short of banning local cryptocurrency trading exchanges. In the southern African nation, those who trade in bitcoin say it offers rare protection […]