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Bank & Finance

May 07, 2016
Zimbabwe’s central bank moved swiftly to clarify its plans to introduce domestic notes to circulate alongside foreign currencies, after fears that it sought to re-introduce a loathed local currency triggered…
May 05, 2016
Zimbabwe will introduce local “bond notes” and impose limits on daily bank withdrawals as part of measures to ease an acute cash shortage in the country, central bank governor John…
May 04, 2016
The United Bank for Africa (UBA) says it plans to extend its presence to six more African countries to bring the number to 25 as part of its continent-wide expansion…
May 03, 2016
Sub-Saharan Africa’s economic growth will slump to just 3 per cent this year, barely ahead of population growth, as the region falls to its most sluggish expansion rate in the…
Apr 27, 2016
A company set up by former Barclays head Bob Diamond confirmed that it was preparing to bid for the UK-based bank’s African operations. Mr Diamond’s involvement in the consortium, which…
Apr 24, 2016
The International Monetary Fund (IMF), in a brief statement, welcomed the Mozambican government's acknowledgement “that an amount in excess of one billion US dollars of external debt guaranteed by the…
Apr 21, 2016
City trends Johannesburg is home to the largest portion of South Africa’s millionaires (also known as HNWIs) at 44%. There are also sizable populations living in Cape Town (18%), Pretoria…
Apr 19, 2016
After gorging itself for decades on petrodollars, the Nigerian state has been forced by tumbling oil prices to turn to a new source of cash: the taxman. With crude holding…
Apr 18, 2016
With the mining sector gearing up for its annual expo later in April, Standard Bank Namibia says it is ready to partner and support the growth of the local industry.…
Apr 14, 2016
The Industrial Development Corporation of Zimbabwe (IDCZ) says it failed to secure a second loan facility from IDC South Africa, which has cited sanctions on some IDCZ subsidiaries by the…
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…

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