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Tunisia’s central bank holds key rate unchanged at 4.25 percent in March

TUNIS, Tunisia, Capital Markets in Africa — Tunisia’s central bank kept its key interest rate unchanged at 4.25 percent, the bank said on Thursday. The bank last cut its main interest rate in October, from 4.75 percent, in a bid to boost economic growth as inflation fell. The inflation rate was 4.9 percent in 2015, down from 5.5 percent in 2014. The central bank said tourism revenue in first two months in 2016 fell by…

Nigerian Banks Resilient but Face Tough Outlook — Fitch Ratings

Posted on by The Editorial Team

London (Capital Markets in Africa): Nigerian banks are operating in increasingly difficult conditions and this is likely to result in a sharp deterioration in profitability, asset quality, liquidity and capital ratios, says Fitch Ratings. We said the sector outlook was negative in December. GDP figures for 2Q15, released yesterday, show weaker year-on-year growth of 2.4%, down from 4% in the previous quarter, the slowest quarterly growth rate for over 10 years. The volatile operating environment…