banks are shrinking lending activity in Europe as the pandemic
forces them to focus on home, allowing BNP Paribas and other
European lenders to fill the gaps and grab market share, sources
familiar with the matter told Reuters.
International Bank (CIB) has acquired a 51% stake in
Kenya's Mayfair Bank, the Kenyan central bank said on Friday,
the latest in a string of deals in the East African nation's
South Africa's finance
minister said on Friday more than $4 billion was available from
the International Monetary Fund and World Bank for the country
to help it fight COVID-19, playing down worries that the money
would come with onerous conditions.