Bank & Finance

Nov 28, 2017
Zimbabwe President Emmerson Mnangagwa on Monday named Patrick Chinamasa acting finance minister until a new cabinet has been appointed, the chief secretary to the president and cabinet said in a…
Nov 23, 2017
The Reserve Bank of Zimbabwe (RBZ) has warned members of the public against using Bitcoin, saying its use is not legal in the country. The RBZ has been lax towards…
Nov 21, 2017
Developing nations are facing a rising wave of illicit financial flows and money laundering. In South Africa the country’s Reserve Bank is at the forefront of managing the problem. Mills…
Nov 16, 2017
The European Commission proposes amending the blacklist by adding Ethiopia and removing Guyana from the list. It urges all European banks to enhance due diligence on any money coming from…
Nov 13, 2017
Moody's Investors Service (Moody's) has downgraded to B2 from B1 the long-term local currency deposit and issuer ratings of four Nigerian banks -- Access Bank Plc (Access), Guaranty Trust Bank…
Nov 11, 2017
South Africa's Gupta family used HSBC Holdings PLC bank accounts in Dubai to transfer millions of dollars through companies that have been linked to suspected kickbacks for the sale of…
Nov 09, 2017
South Africa’s postal service will partly take over distributing the social grants that are the main source of income for around 17 million people, the parliamentary communications service said on…
Nov 04, 2017
Ghana plans to issue a three-year domestic dollar bond next week to develop local funding sources to support the economy, deal arrangers told Reuters this week. The bond, open only…
Oct 30, 2017
The Board of Directors of the African Development Bank (AfDB) has approved a line of credit (LOC) of US$ 3 million (synthetic local currency equivalent) to Union Trust Bank Sierra…
Oct 29, 2017
The lack of a centralised form of data that securities industry players can connect to get information about the transaction records of clients is a great challenge to fighting systemic…
Oct 26, 2017
Zambia, becomes the first Southern African member country of Africa Finance Corporation (AFC), a leading development finance institution for infrastructure in Africa. The accession of Zambia to AFC membership marks a…
Oct 26, 2017
South Africa’s rand extended losses in early deals on Thursday, a day after Finance Minister Malusi Gigaba flagged weaker growth expectations and rising government debt in his budget speech At…
Oct 24, 2017
Standard Chartered Private Equity has sold its stake in a Botswana retail and consumer goods company Kamoso Distribution to a consortium led by Investec Asset Management Private Equity, RMB Ventures,…
Oct 23, 2017
THE Nigerian Government has taken steps to take over bank accounts without Bank Verification Number (BVN) as a Federal High Court sitting in Abuja has frozen all such accounts by…

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