The Bank of Ghana has directed banks and the Specialised Deposit-Taking Institutions (SDIs) to suspend declaring or paying dividends or distributing reserves to shareholders.   These financial institutions are also not allowed to make irrevocable commitments regarding the declaration or payment of dividends to shareholders.   The restrictions are aimed

The Bank of Mauritius has clarified announced moratoriums on loans by commercial banks in the country.   Aimed to combat the adverse effects of the COVID-19 pandemic, the moratoriums are deferments of repayment of capital and interest, where applicable, on loans for a specified period of time.   According to

The Bank of Uganda has introduced credit relief measures to mitigate the adverse effects of the COVID-19 pandemic.  The relief measures are also aimed at promoting financial and operational resilience during these exceptional times.   The measures include repayment holidays for a maximum of 12 months, loan tenor extensions, and

The Central Bank of Kenya (CBK) has published the Credit Reference Bureau Regulations, 2020 (CRB Regulations).    Replacing the Credit Reference Bureau Regulations, 2013, the CRB Regulations authorize the CBK to license and supervise Credit Reference Bureaus.    The Regulations provide a framework for the exchange of borrowers’ credit information

The Prudential Authority (PA) indicates it is supportive of Covid-19 relief initiatives, such as payment holidays being offered by banks in order to provide relief to certain borrowers in the retail sector in an effort to mitigate the impact of the pandemic.    To further drive home its support, the