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Bank & Finance

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…
Oct 19, 2017
Africa Finance Corporation (AFC) has this month become the 30th member of the Master Cooperation Agreement (MCA) at the World Bank's Annual Meetings in Washington DC. Created by the International…
Oct 14, 2017
Malawi-based First Merchant Bank ( FMB) has received regulatory approvals to acquire an effective 42,7 percent shareholding in Barclays Bank Zimbabwe, completing its takeover of the bank. FMB holds considerable…
Oct 03, 2017
Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross border level – and potentially huge gains…
Sep 29, 2017
Zimbabwe on Thursday gazetted a new law criminalising unlicensed currency trading in an attempt stem out a thriving parallel market for bank notes in the country. The southern African nation…
Sep 18, 2017
It has been three years since the Central Bank of Nigeria introduced the Cashless Nigeria Policy. Its aim was to encourage the use of electronic systems for all monetary transactions.…
Sep 08, 2017
Capitec passed Nedbank as South Africa’s fourth-largest lender by value to extend a market-beating rally that has made it the country’s best performing stock. The shares of Capitec rose 2%…

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