Uganda: Nearly Half of Bank Loans Restructured

“Stanbic Bank chief executive officer, said the Central Bank’s credit relief measures were instrumental in moderating the rise of non-performing loans. Increasing NPL’s affect banks’ asset quality, which in turn impacts the economy.”

via Making Finance Work for Africa

African Development Bank wins global award for COVID-19 bond issue

“The African Development Bank was selected in a poll of bond market players as the best issuer in 2020 of a COVID-19 bond for its $3 billion dollar-denominated Fight COVID-19 social bond issued in March 2020.”

via Making Finance Work for Africa

Afreximbank Announces $3-Million COVID-19 Response Grant for African Countries

“The African Export-Import Bank (Afreximbank) has announced a $3-million grant to complement continental efforts to combat the COVID-19 pandemic.”

via Making Finance Work for Africa

Côte d’Ivoire issues first COVID-19 social bonds seeking $297 million

“On April 27, the Ivorian government will issue the first COVID-19 social bonds on the WAEMU securities market, seeking a total of CFA180 billion (about $297 million). The operation will consist of 3-month Treasury bills (BATs) at multiple rates less than or equal to 3.75%.”

via Making Finance Work for Africa