Friday, August 19, 2022

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

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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

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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...