Author: The Editorial Team

LONDON (Capital Markets in Africa) — The Bank of England vowed not to withdraw support to the economy until there’s clear evidence of a recovery in the U.K. but sidestepped an opportunity to calm a surge in market interest rates. The central bank’s Monetary Policy Committee made no change to its target for asset purchases of 895 billion pounds ($1.2 trillion) and maintained the weekly pace of its stimulus program. While that was widely expected,…

JOHANNESBURG (Capital Markets in Africa) – With the World Economic Forum warning (https://bit.ly/2NntZ7V) of a deepening digital divide that will ultimately exacerbate global inequality, the role of intuitive digital financial services platforms in bridging this divide is becoming more important than ever before. Indeed, next generation tools that provide essential financial services – savings accounts, global money transfers, loans, etc – to customers in an accessible way, are becoming a powerful force for change by driving…

LAGOS(Capital Markets in Africa) –   Emerging market (EM) banks in the Europe, Middle East and Africa (EMEA) region should see meaningful increases in reported nonperforming loan (NPL) ratios in 2021 with the expiration of moratoria and loan forbearance programmes, Fitch Ratings says. Our new report What Investors Want to Know: Loan Moratoria in Emerging EMEA outlines the extent to which these banks have utilised moratoria programmes and highlights risks to asset quality as forbearance measures are withdrawn….