Turkish central bank to remunerate dollar reserves
The implementation will start as of May 5th
Turkey’s Central Bank announced on Saturday that it will remunerate dollar-denominated required reserves, reserve options and free...
Can Nigeria’s Adesina snatch top AfDB job
The African Development Bank (AfDB) may be about to get its first president from its biggest shareholder – Nigeria.
Africa’s largest country, which holds 9.3%...
Ethiopia: Court to Hear Witnesses on 5m Br Suit against Xpress Money, Abyssinia Bank
Bank of Abyssinia was sued as a second defendant for posting the pictures in all of its branches across the country
The Lideta Federal High...
IMF nations point to exchange rate, geopolitical risks
The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they...
Thirteen Hawalas Closed Down In Kenya
Thirteen hawalas – informal money transfer services – have also been closed down. Hawalas are widely used by Somalis who depend on relatives abroad as...
Islamic Banking Lands In The Heart Of Europe
Despite a significant Muslim population, up to now Germany has been unchartered territory for Islamic banking, whose largest European hub is in London. But...
The impact of Diaspora remittance on the Kenyan economy
Kenyans in the Diaspora are constantly sending money home. It could be for investments, or to support to family members left behind. Sometimes it...
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