Last year’s growth was affected by a decline in investment, exports and private lending, the report said.
FDI inflows have risen due to advances in regional integration, the digital economy, infrastructure development and agribusiness
Last year, the sector’s total income grew by a modest 3.3 per cent, a turnaround from a 4.8 per cent decline in 2017, largely buoyed by increased interest income on government securities, with the top banks investing heavily in Treasury bills and bo
Building on annual research since 2010, Dell Technologies ranks cities based on the impact of local policies, programs and characteristics in addition to national laws and customs to help improve support for women entrepreneurs and the overall economy.
Some are the key players taken under coverage for this study are SS and C, Fiserv, Broadridge, FIS, Profile Software, Temenos, SEI Investments, Investedge, Finantix, Comarch, Objectway & Dorsum.
Critics worry that Nigeria, the region’s biggest economy, will dominate monetary policy and stall the projected benefits.
We look at rising Russia-Africa trade, the economics behind the S-400 deal, and new players in the gaming industry.
Local branches of international banks account for 5.6% of banking sector assets at the end of March 2019 (March 2018: 5.9%), while other banks represented 3.8% at the end of March 2019 (March 2018: 3.9%).
The State had been paying relatives and dependents of dead people retirement benefits, helped by the growing use of ATM cards and mobile banking, which do not require the physical presence of beneficiaries in banking halls.
About 221,590 claimants with irregular or no tax PIN were paid Sh44 billion, some 7,166 others with irregular identity cards got an undisclosed amount, with 232 claimants having shared Sh152.8 million, according to the report.
“We commend the African Development Bank Group for its support to the region’s development projects, as it is engaged in the process of the African Development Fund (ADF) replenishment and the General Capital Increase,” said President Is