DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister ...
Read More »Zombie banks stalk Africa with mergers one way to limit risk
Bloomberg Africa’s many small and under-capitalized banks, laden with bad debt, are inflicting more pain on already embattled economies. Regulators may have no choice but to force lenders to consolidate or close. A third of Nigeria’s 21 banks may be under-capitalized. Much smaller Uganda has 25 banks and last month suffered one collapse. Kenya has had three failures since ...
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