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Bank & Finance

Apr 21, 2016
City trends Johannesburg is home to the largest portion of South Africa’s millionaires (also known as HNWIs) at 44%. There are also sizable populations living in Cape Town (18%), Pretoria…
Apr 19, 2016
After gorging itself for decades on petrodollars, the Nigerian state has been forced by tumbling oil prices to turn to a new source of cash: the taxman. With crude holding…
Apr 18, 2016
With the mining sector gearing up for its annual expo later in April, Standard Bank Namibia says it is ready to partner and support the growth of the local industry.…
Apr 14, 2016
The Industrial Development Corporation of Zimbabwe (IDCZ) says it failed to secure a second loan facility from IDC South Africa, which has cited sanctions on some IDCZ subsidiaries by the…
Apr 12, 2016
South Africa's Oakbay Investments will start setting up meetings with banks on Tuesday to try restore relations after the top four lenders cut links with the company amid speculation that…
Apr 11, 2016
Zimbabwe’s banking sector imported a total of $263 million between January 1 and April 6 this year but even that has failed to extinguish a growing appetite for cash in…
Apr 09, 2016
Nigeria is considering a sale of Chinese Panda bonds to help fund a record budget aimed at reviving Africa's biggest economy as it suffers a slump in global oil prices,…
Apr 07, 2016
Sub-Saharan Africa trade flows are facing headwinds from weaker commodity prices, but because market performances will vary across the region, demand from corporates for transactional and trade financing solutions are…
Apr 06, 2016
Equity turnover at the Nairobi bourse more than doubled to about 9.9 million U.S. dollars Tuesday buoyed by the sale of banking and telecommunication sector shares. The turnover rose to…
Apr 05, 2016
Zimbabwean banks have introduced stringent cash management systems as part of measures to survive a liquidity crisis that has hit the banking sector, the state-run Herald reported Tuesday. According to…
Apr 03, 2016
Foreign banks operating in Zimbabwe have submitted credible plans on how they intend to transfer majority shares to locals, the country’s finance minister said on Saturday, reducing the chances the…
Apr 01, 2016
South Africa’s rand gained the most against the dollar among global currencies and headed for its first quarterly gain since 2012 as dovish comments from Federal Reserve Chair Janet Yellen…
Apr 01, 2016
The Government of Sudan inaugurated an online trading system of its stock market on March 24, 2016 in the country's capital, Khartoum - a landmark development in the Sudan's financial…
Mar 26, 2016
British-based global ratings agency Moody’s has given Kenya’s economy a positive outlook based on its growth trend, stability as well as its future and fiscal trajectory. According to the agency’s…

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