Express Kenya CEO Hector Diniz’s bid to buy out the company has failed after he was unable to garner support of shareholders holding a minimum combined stake of 75 per cent.
Angola’s central bank cut benchmark borrowing costs for the first time in four years, and the same man who presided over the last easing in July 2014 is now again in charge of policy.
This week is D-day in terms of monetary policy. The decision will come against a backdrop where consumers are struggling to make ends meet after a slew of increases from higher taxes through to higher prices, and an economic environment where substantial growth appears elusive.
Islamic trade finance is poised for change with the launch of new products and common standards as Islamic banks look to grab market share away from traditional lenders which are retreating from the sector because of regulatory constraints.