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Bank & Finance

Jun 15, 2016
Charges for electronic payments have been cut after an agreement between the Reserve Bank of Zimbabwe, banks and providers of payment platforms, the central bank announced. RBZ announced it had…
Jun 15, 2016
The World Bank’s 2016 global growth forecast indicates that growth in Sub-Saharan Africa has slowed again in 2016 to 2.5 per cent, down from an estimated 3.0 percent in 2015.…
Jun 14, 2016
The regulators are asking questions regarding deposits and bank accounts Gupta family businesses hold at Bank of Baroda. South African regulators are seeking details from India’s Bank of Baroda of…
Jun 10, 2016
President Robert Mugabe says the cash crisis is “temporary” and that government will press on with the introduction of bond notes, which he called a “surrogate currency,” despite opposition from…
Jun 09, 2016
FairFX, a UK-based, multi-currency payments service, announced that it has expanded its international payments service into the domestic South African market via a tripartite agreement with Morgan West Ltd and…
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…

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