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Bank & Finance

Apr 12, 2016
South Africa's Oakbay Investments will start setting up meetings with banks on Tuesday to try restore relations after the top four lenders cut links with the company amid speculation that…
Apr 11, 2016
Zimbabwe’s banking sector imported a total of $263 million between January 1 and April 6 this year but even that has failed to extinguish a growing appetite for cash in…
Apr 09, 2016
Nigeria is considering a sale of Chinese Panda bonds to help fund a record budget aimed at reviving Africa's biggest economy as it suffers a slump in global oil prices,…
Apr 07, 2016
Sub-Saharan Africa trade flows are facing headwinds from weaker commodity prices, but because market performances will vary across the region, demand from corporates for transactional and trade financing solutions are…
Apr 06, 2016
Equity turnover at the Nairobi bourse more than doubled to about 9.9 million U.S. dollars Tuesday buoyed by the sale of banking and telecommunication sector shares. The turnover rose to…
Apr 05, 2016
Zimbabwean banks have introduced stringent cash management systems as part of measures to survive a liquidity crisis that has hit the banking sector, the state-run Herald reported Tuesday. According to…
Apr 03, 2016
Foreign banks operating in Zimbabwe have submitted credible plans on how they intend to transfer majority shares to locals, the country’s finance minister said on Saturday, reducing the chances the…
Apr 01, 2016
South Africa’s rand gained the most against the dollar among global currencies and headed for its first quarterly gain since 2012 as dovish comments from Federal Reserve Chair Janet Yellen…
Apr 01, 2016
The Government of Sudan inaugurated an online trading system of its stock market on March 24, 2016 in the country's capital, Khartoum - a landmark development in the Sudan's financial…
Mar 26, 2016
British-based global ratings agency Moody’s has given Kenya’s economy a positive outlook based on its growth trend, stability as well as its future and fiscal trajectory. According to the agency’s…
Mar 24, 2016
The Western Cape Department of Health (DoH) and Social Development (DSD) announced the allocation of budget for three Social Impact Bonds (SIBs) aimed at improving the health, nutrition and developmental…
Mar 19, 2016
MoneyGram and Guaranty Trust Bank (GT Bank), one of the leading retail banks in Nigeria, announced the launch of MoneyGram's receive services across the GT Bank network. This service will…
Mar 18, 2016
The value of funds transacted through mobile phones in Kenya stood at Sh2.8 trillion in 2015 over increased penetration by mobile agents. The value of funds transacted through mobile phones…
Mar 16, 2016
Zimbabwe on Tuesday marked 16 months in deflation after annual inflation for February closed at -2.22 percent. The inflation rate was 0.03 percent down from -2.19 percent in January, pushed…

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