Fitch recently revised Rwanda’s outlook to negative from stable amid concerns about rising public sector debt.
Africa
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South Africa’s banks count costs of unrest
July 30, 2021Looting and arson forced the closure of hundreds of branches and caused widespread damage to ATM infrastructure.
UK deal boosts Nairobi’s position as financial hub
July 29, 2021Closer ties with the City of London likely to encourage further fintech investment into Kenyan capital.
Unrest in Tunisia adds to pressure on domestic banks
July 28, 2021Uncertain political situation after president sacks prime minister likely to affect the operating environment for Tunisian banks.
Cracks appear in Algeria's economy
July 22, 2021Despite a change in leadership before the pandemic, Algeria is yet to embark upon a programme of much-needed reforms.
Rocky road lies ahead for Algerian banking sector
July 22, 2021Concerns are mounting over what will happen when Algeria’s central bank withdraws its pandemic relief measures.
Profits take a hit at African banks
July 12, 2021Eight out of the nine African countries represented within the Top 1000 World Banks ranking saw aggregate pre-tax profits decrease year on year.
Morocco bounces back from 2020’s perfect storm
June 24, 2021Planned economic reforms are boosting confidence in Morocco, despite the setbacks of the pandemic and a drought.
Morocco’s banking sector holds steady
June 24, 2021Morocco’s banks have come through the dual hit to the economy of Covid-19 and a drought.
World
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/ South Africa
South Africa’s banks squeezed by competition and pandemic
June 2, 2021New challenges have forced leading commercial lenders to innovate to hold onto market share.