Tag Archives: Banks and banking

Anti-LGBT+ law puts Ghana’s IMF and World Bank funding at risk, finance ministry warns (FT)

Implementing an anti-LGBT+ law passed by Ghana’s parliament could derail the west African country’s funding from multilateral institutions, including the World Bank and IMF, the finance ministry has warned. Ghana, which is seeking to recover from its worst economic crisis in a generation, could lose $3.8bn in World Bank financing over the next five to […]
Read More »

NEW GIBS Case Study: The South African Reserve Bank’s response towards calls to pursue unconventional monetary policy” By Adrian Sivalle, Mluleki Shongwe, and Amy Moore

Learning outcomes On completion of the case study, students will understand the following learning objectives: the characteristics of quantitative easing (QE) and when it may be appropriate to implement QE; how QE differs from a conventional bond purchasing programme; the impact of direct financing of the fiscus by the central bank on its independence; how […]
Read More »

Absa launches bespoke offering for youth and women-owned businesses (BT)

Amidst efforts to empower youth and women to start and grow their businesses and create jobs, Absa has just launched a unique banking solution, specifically designed with these business-owners in mind. Respectively called Absa Emerging Entrepreneur and Absa Business She Thrives, the solution offers a monthly fee waiver for six months on a new Business Evolve account, free access […]
Read More »

Bank of Japan buys $12.7bn of bonds as yields hit highest in a decade (FT)

Japan’s central bank made unscheduled purchases of government debt on Wednesday as yields on benchmark bonds hit their highest mark in a decade, while a global market sell-off also continued to drive US Treasury yields to 16-year highs. The Bank of Japan offered to buy ¥675bn worth of Japanese government bonds at maturities between five […]
Read More »

BRICS bank can help African countries tackle urgent challenges (AN)

The New Development Bank, a collaborative initiative of BRICS nations established in 2015, stands poised to play a pivotal role in funding crucial African endeavors, according to its President, Dilma Rousseff. Former Brazilian President Rousseff, speaking in Johannesburg, emphasized the strong partnership between the BRICS countries and Africa. She highlighted that the bank’s focus will […]
Read More »

These are SA’s most valuable brands, consumer research giant finds (News24)

SA’s oldest bank FNB has taken first place in a ranking of SA’s most valuable brands by Kantar, the globe’s largest consumer research agency.

Bankly Launches Microfinance Bank(ITNA)

Nigeria| Bankly, a popular Fintech company specializing in payment processing, has announced the launch of Bankly Microfinance Bank, marking a significant milestone in their journey to provide accessible financial solutions in Nigeria.The launch event held in Lagos showcased the newly introduced Group Savings features on the Bankly App. Bankly’s mission, which began in 2019, aims […]
Read More »

SA’s Land Bank can be fixed (Moneyweb)

It is disheartening to see how many South Africans, including parliamentarians, have forgotten the simple and influential role the Land and Agricultural Development Bank (Land Bank) played in South African agriculture. The former minister of agriculture, Derek Hanekom, summarised this role nicely in his foreword to the bank’s 1997 annual report: The Land Bank, established in 1912, […]
Read More »

The most complained-about banks in South Africa (BT)

The Ombud for Banking Services (OBS) says banking disputes regarding current accounts and internet banking remain high, despite banks making a greater effort to resolve consumer complaints internally. In the OBS Annual Report 2022, Reana Steyn, Ombudsman for Banking Services, said that 2022 significantly differed from the prior two years. “As Covid-19 gradually loosened its […]
Read More »

Which of SA’s big banks will finish the year strongest? (Moneyweb)

South Africa’s banking earnings season has come and gone and market watchers are now peeling their eyes to see which of the country’s big six lenders, faced with a myriad of economic headwinds, will finish the year in a strong position. Bank profits have been healthy so far, with some delivering record headline earnings and […]
Read More »