Kenyan banks are now taking desperate measures to conserve capital, following what has been a truly challenging 2020.
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South Africa’s Finance Minister, Tito Mboweni, on Tuesday disclosed an elaborate and ambitious plan to revive South African Airways, the country’s struggling national airline.
Some of Kenya’s biggest banks in said they have drastically cut down on their digital lending to customers. This follows the Central Bank of Kenya’s decision to put a hold on bank’s ability to list names of loan defaulters with the country’s Credit Reference Bureaus (CRBs).
Shareholders of Absa Group Ltd, a major South African bank, will not be receiving any dividends at the end of FY 2020.