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Bank & Finance

Feb 13, 2016
Record government spending and having to borrow to fund almost half of it spells trouble for investors in the bonds of Africa’s biggest oil producer. Nigeria’s naira debt has lost…
Feb 11, 2016
Investec Plc has the potential to make the best returns among South Africa’s largest banks after selling some assets in Australia and the U.K. and strengthening its wealth and investment…
Feb 10, 2016
Money transfer service WorldRemit has raised $45m in financing from TriplePoint Venture Growth BDC Corp. and Silicon Valley Bank. Pioneering a mobile-first approach to remittances, WorldRemit will use the funds…
Feb 07, 2016
MoneyGram has announced the extension of its more-than 17-year relationship with Walmart. All MoneyGram services to continue at more than 4,000 Walmart locations This new three-year agreement, which begins on…
Feb 05, 2016
The Monetary Policy Committee of the Gambian Central Bank, Thursday released a report on the country’s economic status in current and evolving macroeconomic and financial developments in the global and…
Feb 04, 2016
Zimbabwe and the World Bank have stepped up efforts to hammer out a financing programme, which could see the southern African country accessing funding from the institution should a debt…
Feb 03, 2016
The International Monetary Fund (IMF) said on Tuesday it stands ready to help sub-Saharan Africa's oil exporters cope with plunging crude prices and growing fiscal pressures, but has not received…
Feb 02, 2016
Barclays Ghana, through the African Youth Agripreneurship Programme (AYAP), has organized a two-day training session for small businesses engaged in food processing. The purpose of the programme, according Samuel Baba…
Jan 30, 2016
Nigeria’s President Muhammadu Buhari erased any doubt about who is in charge of currency policy in Africa’s biggest economy -- to the detriment of the central bank’s independence. Buhari said…
Jan 29, 2016
Zimbabwe’s re-engagement with international creditors is credit-positive while its planned increased use of China’s yuan will provide a limited boost through increased trade and investment from the world number two…
Jan 25, 2016
Nigeria plans to borrow up to $5 billion from multiple sources, including the Eurobond market, to plug its deficit as it tries overcome its worst economic crisis in years through…
Jan 24, 2016
A snap survey by the Zimbabwe Independent has found that there is a biting cash shortage which has forced banks to lower their daily automated teller machine (ATM) withdrawal limits…
Jan 23, 2016
Barclays Bank of Kenya subsidiary, Barclays Financial Services limited Wednesday commenced trading on the Nairobi Securities Exchange, (NSE) following what it termed as “extensive system testing and integration,” since its…
Jan 20, 2016
WorldRemit, the global money transfer app, has introduced instant transfers to Nigeria. In addition to its same-day bank transfer service, WorldRemit now allows people to send money to more than…

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