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Bank & Finance

Jun 07, 2016
Zimbabwean banks have called for the adoption of the South African rand as the main currency of exchange arguing that use of the United States dollar was no longer sustainable.…
Jun 02, 2016
Standard Chartered Bank is bringing its newest mobile and online banking platform to 1 million clients across 8 African markets, the most extensive digital roll-out of its kind in Africa…
Jun 01, 2016
Commercial banks have set in motion plans to set up a mobile money transfer platform, taking the battle for the fast-growing transaction revenues to the doorsteps of telecoms operator Safaricom’s…
May 31, 2016
As part of our W10 wealth report, we examined the impact of population growth on wealth. 1,000 years ago there were approximately 80 million people in the world, whilst now…
May 30, 2016
Namibia finance minister Calle Schlettwein called on African leaders to find their own solutions and resources to finance developmental projects. Schlettwein was addressing African leaders at the African leader’s Round…
May 26, 2016
Nigerian MPs have summoned the finance minister and central bank (CBN) governor to brief them on new proposals to ease the country's economic crisis. It comes after the CBN announced…
May 25, 2016
Some financial experts have urged the Central Bank of Nigeria (CBN) to retain its Monetary Policy Rate (MPR), Cash Reserve Requirement (CRR) and focus on rejuvenating the economy. They said…
May 24, 2016
South Africa’s Standard Bank says it has lost $19 million after a scam in Japan. Officials did not mention when the scam occurred. Bank officials say the perpetrators used counterfeit…
May 23, 2016
The South African retail banking sector is characterised by high barriers to entry. The sector is concentrated, with four of the largest banks – Standard Bank, Absa, First National Bank…
May 16, 2016
Zimbabwe’s cash crisis has led to questions about the government's management of the country's financial systems, with indications that its increasing borrowings on the domestic market have created a financial …
May 12, 2016
South Africa's largest mobile phone operator Vodacom has announced it will be scrapping its M-Pesa mobile money transfer system in Africa's second-biggest economy. For many pundits the move comes as…
May 11, 2016
More South African companies, including a subsidiary of Old Mutual, have stopped doing business with Oakbay Investments, the company at the centre of a political influence scandal. President Jacob Zuma…
May 09, 2016
The amount of money that Kenyans transact daily through M-Pesa is half of what it cost to construct the Thika Superhighway, latest figures from Safaricom reveal. At Sh15 billion ($150m),…
May 07, 2016
Zimbabwe’s central bank moved swiftly to clarify its plans to introduce domestic notes to circulate alongside foreign currencies, after fears that it sought to re-introduce a loathed local currency triggered…

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