AU, Ecobank decry limited support to MSMEs

Based on this estimated financing gap, Ecobank said only six out of 20 countries have made commitments that can cover the MSMEs labour costs, including South Africa, Egypt, Cote d’Ivoire, Gabon, Chad and Cape Verde.


Bill proposes CBK-rate fee on late payments

In last month’s meeting, the Monetary Policy Committee made a 25-basis point cut in the base rate, to seven percent from 7.5 percent, which marked the fourth straight cut in the rate since the November 2019 meeting.