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South Africa’s current account deficit for Q4 2024 decreased to ZAR 31.6 billion from ZAR 55.6 billion in the previous quarter, although it was higher than expected. The trade surplus …
South Africa’s Current Account Shortfall Reduces in Fourth Quarter of 2024 Read More
FirstRand Ltd reported a 10% rise in first-half earnings, reaching 20.9 billion rand, attributed to strong credit performance. The bank also increased its interim dividend to 219 cents per share …
FirstRand Reports 10% Earnings Growth and Increased Dividend Read More
Salmon Group Ltd is integrating the PSA’s National ID eVerify system to enhance financial service accessibility in the Philippines. This digital verification process aims to simplify identity checks, making banking …
Salmon and PSA Partner to Enhance Financial Accessibility via National ID eVerify Integration Read More
The IMF has characterized Nigeria’s debt as moderate and not high risk, urging the government to pursue targeted social interventions. As of September 30, 2024, the nation’s debt has risen …
IMF Assures Nigeria: Debt Remains Moderate Amid Economic Challenges Read More
Nigeria’s Eurobond market closed February positively with average yields at 8.80%, reflecting strong foreign investor confidence. The Sub-Saharan market showed an overall decline, with Nigeria outperforming at this yield. Analysts …
Nigerian Eurobonds Experience February Rally Fueled by Foreign Investor Confidence Read More
Ghana’s central bank is addressing a notable rise in bad loans, notably with one lender having an 81% non-performing loan ratio, amidst a broader industry rate of 21.8%. Governor Asiama …
Ghana Central Bank Engages Lenders to Address Rising Bad Loans Read More
Argentina’s government seeks a new IMF loan agreement by April, aimed at recapitalizing the Central Bank without increasing national debt. Congressional approval will be necessary as officials negotiate funding between …
Argentina Targets New Loan Agreement with IMF by April End Read More
The South African business confidence remains low at 45, reflecting pessimism due to concerns over steel plant closures and US relations. Four of five sectors declined, although new vehicle dealers’ …
South African Business Confidence Persists Amidst Uncertainty Read More
Wall Street predicts the IMF may provide Argentina with up to $20 billion, aiding President Milei’s austerity efforts. Banks foresee disbursements between $5 billion and $10 billion in 2025. Investors …
Wall Street Forecasts Up to $20 Billion IMF Support for Argentina Read More
Dr. Johnson Asiama, Governor of the Bank of Ghana, confirmed that he operates from the new headquarters, which is 98% complete. He addressed concerns about the project’s cost and necessity …
Governor of Bank of Ghana Confirms Operations from New Headquarters Read More