MICHEAL BAKASHABARUHANGA’s Post

Pakistan grapples with a 74% surge in debt servicing costs, driven by higher policy rates. Government's fiscal strategy focuses on controlling non-markup spending, as State Bank of Pakistan considers rate hikes. Despite challenges, tax collection exceeds targets, contributing to a reduced fiscal deficit. #Pakistan #Debt #TaxCollection #StateBankofPakistan

The Nigerian Senate is probing the N30 trillion CBN loans from former President Buhari's tenure. This investigation aims to uncover the spending details and scrutinize the management under CBN Governor Godwin Emefiele amid concerns about exacerbating Nigeria's food and security crises. With the nation's economic challenges under the spotlight, this probe could bring crucial transparency and insights into past financial practices. https://lnkd.in/dQZYn7XZ

Union Bank of Nigeria has reported a Profit Before Tax (PBT) of N79.8 billion and gross earnings of N333 billion for the half year ended June 30, 2024, representing a 20 percent growth in profit before tax and 58 percent growth in gross earnings compared to the corresponding period in 2023. In spite of the challenging environment following the Central Ban... By • Joshua Okoria #CBN #PBT #UnionBank #YetundeOni

The Central Bank of Kenya (CBK) is seeking to raise KSh50 billion from a tap sale of reopened 6.5 year and 17-year infrastructure bonds (IFB) first issued in 2023. According to the prospectus, bidding for the tax-free IFs runs to 14th August 2024 and is market determined. Notably, the two bonds have remaining terms to maturity of 5.8 years and 15-7 years respectively. The IFB/2023/6.5 Yr and IFB/2023/17 Yr have coupons rate of 17-93 percent and 14.39% respectively. https://lnkd.in/dmEgtz8F

In a bid to unravel the circumstances surrounding the N30 trillion loans obtained by the Central Bank of Nigeria (CBN) during the administration of former President Muhammadu Buhari, the Nigerian Senate has launched a probe into the matter. The Senate aims to scrutinize how these loans were acquired and utilized, particularly focusing on the impacts of reckless spending on the nation’s economy and current challenges. Tap the link in our bio to read more. #SenateInvestigation #BuhariGovernment #Emefiele #CBNLoans #FinancialInquiry #GovernmentOversight #Accountability #SenateProbe #FinancialScandal #EconomicGovernance #LoanInvestigation #CentralBankLoans #NigeriaFinance #GovernmentTransparency #EconomicAudit #financialallegations

A MUST-READ! Don't let your savings sit dormant! Explore the benefits of treasury bills and bonds. In this very educative piece, Kenneth Egesa, the Director of Communications at the Bank of Uganda offers an easy-to-understand step-by-step guide on why and how to invest in treasury bills and bonds. https://lnkd.in/dAKe6ETm 

A decision by Uganda’s Treasury to obtain Ush3.5 trillion ($919.5 million) in loans from commercial banks to finance the supplementary budget is expected to boost interest rates earned on treasury bonds by around two percent in the short term, alongside constrained social service delivery, weak tax revenue collections and a modest growth forecast. The loans are meant to finance various infrastructure projects and contingent and classified expenditure items attributed to state house and security agencies. https://lnkd.in/duxs4UYn l

It's #digitalamarketing checking into #financialinvestment at Right Solutions. Remember we are here to prophessinally manage and handle all your digital marketing tasks. A REFLECTION OF INTEREST RATES ISSUED ON LOANS BY KENYA COMMERCIAL BANKKS, check through the link below. https://lnkd.in/dTSGha4p

Interest rates increased for the first time across the yield curve since January 1, 2024. According to auction results by the Bank of Ghana, the rates on the 91-day, 182-day and 364-day bills all shot up. The yield on the 91-day bill went up by 9.0 basis points to 25.73%.

Namibia’s deficit widens to N$11.4 billion in Q1 2024 : Namibia’s current account deficit widened to N$11.4 billion during the first quarter of 2024, up from N$8.0 billion recorded a year earlier, official figures show.  According to the Bank of Namibia’s June 2024 Quarterly Bulletin, this is primarily due to a decline in the merchandise trade balance and the services account. The report also attributes […]