11/26/2019
According to Treasury, the global lender also highlighted the major challenges facing the economy, which include weak growth, a deteriorating fiscal situation and difficulties in the operations of state owned enterprise.
11/25/2019
While up to 413 million Africans live on less than USD 1.90 a day, leaders of certain African nations sit on top of millions, even though their countries can be considered poor or at risk of poverty.
11/25/2019
This is a return to normal market practice after the previous longer-tenor issue, a 16-year infrastructure bond offer, saw CBK set a different coupon from what the successful bids had dictated despite the offer being market determined.
11/25/2019
Adebayo said the company met all indices and requirements for carrying out the exercise.
11/25/2019
The 2019 Global Gender Summit, the first to be held on the continent, kicked off on Monday with a strong call to surge ahead on gender issues and move from commitment to action.
11/24/2019
Following the outbreak of the civil war in December 2013 government-owned power facilities were badly affected with many forced to close due to operational costs.
11/22/2019
In a recently published article, Magala says new tools – such as the Development Finance Compact for Lusophone Africa – give investors and lenders more comfort to enter into these markets.
11/22/2019
State-backed firms and agencies must secure approval for reporting their financial results from the auditor-general, but the previous holder of that office, Edward Ouko, retired in August and his successor is yet to be named.
11/22/2019
The development will be undertaken over two phases, with phase one to include construction of a 30,000-square-foot warehouse and distribution centre, work on which will begin in two weeks.
11/22/2019
Inflation has declined amid a soft domestic economy while oil prices have risen and the currency has fallen, leading the SARB to believe risks around price pressures are currently "balanced".
11/22/2019
The release also noted that that the bank’s business dealings and transactions undertaken by the South African territory were extensively examined by the regulator through external agencies and that reports have been submitted to them.
11/22/2019
While we do not resolve individual complaints, we do hold accountable any licenced entity that does not treat its customers fairly.
11/21/2019
Abakpa said the union would resist the action and would shut down the operations of the banks as the act runs contrary to labour law in the country.
11/21/2019
EGH has purchased a 66.53 per cent majority stake in Banque Commercial du Congo (BCDC), a bank licensed in the Democratic Republic of Congo (DRC).
11/20/2019
This issue is not exclusive to South Africa – Barclays recently ended its relationship with Coinbase, one of the biggest cryptocurrency exchanges in the world.
11/20/2019
It would furthermore increase intra-Africa trade and regional financial integration in line with the AfDB’s High 5 strategic priorities.
11/20/2019
African economies continue to rely heavily on taxes on goods and services, which accounted for 53.7% of total tax revenues across the 26 countries.
11/20/2019
Standard Bank was voted Best bank for South African rand/African currencies excluding ZAR at the 2019 FX Week Best Bank Awards
11/19/2019
Stanbic Bank Kenya have been funding projects in line with the bank’s homegrown strategy to contribute to the growth of the Kenyan economy
11/19/2019
The Bank’s commitment under the RPA is to assume up to 50% (and 75% in special cases) of every underlying transaction issued by the IBs, while ABSA will confirm such a transaction and bear not less than 50% of its underlying risk.