Banque Misr saw an 84% increase in Tier 1 capital last year amid a limited economic impact of Covid-19 compared with other countries.
Africa
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Kigali and Lagos added to financial centre index
September 28, 2021While there was not much change at the top of the 30th edition of the Global Financial Centres Index, two African centres join the ranks for the first time.
Investec outruns its rivals in South Africa
September 1, 2021Investec topped the South Africa performance rankings and climbed up 63 places in the overall Top 1000 ranking. Its ‘Big Four’ peers fared less well.
First Bank Nigeria bucks trend by increasing Tier 1 capital
September 1, 2021Nigeria’s banks have had a tough year, as the economy hit a two-decade low.
Visa to open an office in Sudan
September 1, 2021Global payments provider Visa will enter Sudan as the economy begins to liberalise.
Morocco's banks look beyond the pandemic
August 23, 2021Hiba Zahoui, head of Bank Al-Maghrib’s banking supervision department, on the state of the country’s banking sector.
Zambia’s new president prioritises economic recovery
August 17, 2021Hakainde Hichilema hopes to stabilise the economy with an IMF bailout and encourage foreign investment.
Rwanda’s banks hunker down as Covid-19 bites
August 5, 2021Fitch recently revised Rwanda’s outlook to negative from stable amid concerns about rising public sector debt.
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.