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S.Africa’s Standard Bank reports 43% drop in half-year profits as bad loans soar – South Africa’s Standard Bank reported a 43% drop in half-year profits on Thursday, in the middle of its forecast range, as bad loans soared due to the fallout of the coronavirus pandemic.

Cash-strapped South Sudan is seeking a $250 million loan from the African Export-Import Bank, the deputy minister of agriculture said, to implement a long-delayed peace agreement, fight COVID-19 and …

FirstRand Ltd. is keen to resume dividend payments once South African regulators give the go ahead to draw down surplus cash at the continent’s largest bank by market value.

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S.African bank profits seen taking years to recover from COVID-19 hit – Coronavirus-related bad debts have set South African banks’ profits back by around a decade or more and they are unlikely to recover for at least three years, two top executives told Reuters, as the …

The Banking Association of South Africa (Basa) says that applications for Covid-19 loans are expected to peak soon, due to …

World Bank approves Sh81bn loan for Isiolo-Mandera road – The World Bank has approved a Sh81 billion loan to upgrade half of the 750-kilometre Isiolo-Mandera road and lay a fibre-optic cable in a major boost to the North Eastern region. The lender said on …

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