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Bank & Finance

May 26, 2017
South Africa's rand inched up in early trade on Friday after the Reserve Bank kept rates on hold, and despite a less dovish than expected policy statement from the central…
May 15, 2017
Safaricom has launched a tap-and-go M-Pesa card intended to ease mobile money payments in a bid to grow revenues. The M-Pesa card will allow customers to make payments at retail…
May 09, 2017
Anaemic economic growth and a high unemployment rate have raised the stakes for South Africans to save more and reduce debt. According to Greg Barclay, Head of International Personal Banking…
May 07, 2017
Mauritius' SBM Holdings is bidding to buy a stake in Kenya's Chase Bank, SBM's chairman said, which will give it greater presence in the East African economy after acquiring Fidelity…
May 05, 2017
African banks have been late to the fintech party, but after leaving huge swaths of the population to get their financial services from telcos(most famously Safaricom’s M-Pesa in Kenya), banks…
May 05, 2017
South Africa is capable of quickly addressing concerns raised by credit ratings agencies to avoid further downgrades, central bank governor Lesetja Kganyago said on Thursday. Africa's most industrialised economy was…
May 04, 2017
The New Development Bank recently held its second annual meeting in the Indian capital of New Delhi to discuss the sustainability of financing development projects in its member states. The…
May 01, 2017
The theme of this year’s World Economic Forum on Africa is “Achieving Inclusive Growth”. This is part of the response by global leaders to the urgent need to reduce inequality…
Apr 27, 2017
Nigerian President Muhammadu Buhari speaks during his meeting with U.S. President Barack Obama at the United Nations General Assembly September 20, 2016. REUTERS/Kevin Lamarque Nigerian President Muhammadu Buhari is seeking…
Apr 25, 2017
Zambia and Ghana join index family bringing transparency to the most liquid African bond markets The African Development Bank (AfDB) through the African Financial Markets Initiative (AFMI) launched its AfDB/AFMISM…
Apr 25, 2017
It doesn't matter how much sense it makes to ordinary Zimbabweans: Zimbabwe will not formally adopt the rand, the central bank governor says. John Mangudya has told the state-controlled Sunday…
Apr 24, 2017
Nigeria’s central bank will let the market determine the naira’s rate in a new foreign-exchange window for portfolio investors as the nation struggles to revive its economy amid a dollar…
Apr 13, 2017
The World Bank cut Kenya's economic growth forecast for this year by half a percentage point on Wednesday to 5.5 percent, citing drought, sluggish private sector credit growth and rising…
Mar 31, 2017
A renowned international economist Dr. Ernest Yedu Addison has been appointed by the President Nana Addo Dankwa Akufo-Addo as the governor of the Bank of Ghana. He becomes the 15th…

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