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Banking and Insurance - Top News

  • November 20
  • Mmegi Botswana: Visiting Stanchart Bosses Defend Risk Averse Strategy

    International banking group, Standard Chartered Bank says that its conservative approach to business is the reason why the bank has been successful over a long period of time and they are confident the strategy will continue to pay dividends in future.

  • Vanguard Nigeria: Unworthiness of Microfinance Banks [column]

    As the CBN approves the harmonisation of the two association in the microfinance sector, the Association of All Microfinance and National Association of Microfinance Banks of Nigeria, the CBN and the umbrella body regulating the activities of microfinance banks in Nigeria is hereby advised to launch deep in bringing sanity in the sector.

  • AIM Mozambique: Budget Support From World Bank

    The World Bank has provided a 110 million US dollar credit to Mozambique as direct budget support, under an agreement signed in Maputo on Friday by Planning and Cooperation Minister Aiuba Cuereneia and the World Bank representative in Maputo, Luiz Tavares.

  • Nation Kenya: Barclays Profit Up to Sh6.6 Billion

    Barclays Bank of Kenya has returned a 4.2 per cent growth in pre-tax profit for the nine months ending September 30, 2009, reflecting the impact of the economic slowdown on various sectors of the economy.

  • Tunisia Online Tunisia: In Face of Economic Crisis Arab Insurers Close Ranks

    In a world characterized by turbulence and uncertainty, insurers are more than ever called upon to provide companies and individuals with the means to face risks thanks to swift and efficient services.

  • more headlines >>




  • Zimbabwe Independent Zimbabwe: Gono, RBZ Staff Secure Immunity

    ZANU PF MPs secured immunity for the Reserve Bank governor and his staff after the House of Assembly approved this week amendments to a Bill to reform the central bank. Reserve Bank governor Gideon Gono has repeatedly pushed for immunity.

  • Zimbabwe Independent Zimbabwe: Bank Deposits Up a Transitory 44 Percent

    BANK deposits went up to US$1, 016 billion from US$706 million between June and October, an increase of 44%. The increase in bank deposits within the four months was merely transitory, thus the funds could not be used as long-term loans.

  • Leadership Nigeria: Petroleum Bill Critical to Banking Reform - Sanusi

    Central Bank Governor, Malam Sanusi Lamido Sanusi, has urged the Nigerian National Petroleum Corporation to continue with the reforms in the petroleum sector irrespective of the prevailing challenges, saying they were critical to the banking sector in Nigeria.

  • Leadership Nigeria: Customs Lifts Suspension On First Bank

    The Comptroller-General of Customs, Dikko Abdullahi, has approved the lifting of the suspension on First Bank from Customs duty collection.

  • Daily Observer Gambia: SCB Opens State-of-the-Art Dealing Room

    Standard Chartered Bank Gambia limited has opened a brand new State-of-the-art Dealing Room on Tuesday afternoon at its head office in Banjul.

  • This Day Nigeria: Hearing in Oceanic, CBN Suit Begins Today

    As hearing begins today in the suit filed by the former Managing Director and Chief Executive Officer of Oceanic Bank PLC, Mrs. Cecilia Ibru and shareholders of the bank, Ibru and shareholders have said that the appointment of advisers by the Central Bank of Nigeria was a further contempt of the court since they are plaintiffs in suit against CBN at Federal High Court, Lagos.

  • Daily Trust Nigeria: Duty Fraud - Customs Lifts Suspension On First Bank

    The Nigeria Customs Service has lifted the suspension placed on First Bank from customs duty collection. Our correspondent learnt from NCS officials that the Comptroller General of Customs Dikko Abdullahi gave the directive when he received a delegation of First Bank Plc who paid him a courtesy call in Abuja yesterday.

  • Daily Champion Nigeria: Wema Bank to Sell UTME Forms

    Wema Bank plc has been appointed by the Joint Admission and Matriculation Examination Board (JAMB) to sell its newly introduced on-line Unified Tertiary Matriculation Examination (UTME) application forms.

  • Daily Champion Nigeria: GTBank to Hold Annual Raffle Draw for Kids Account Holders

    Guaranty Trust Bank (GTB) has announced that it would soon reward its Smart Kids Save (SKS) account holders in its forthcoming Annual SKS Raffle Draw.

  • Daily Trust Nigeria: Finbank Promises Unique Banking Services

    FinBank Plc has expressed willingness to continue to provide unique banking services to its customers. The bank said this at the just concluded Lagos International Trade Fair.

  • Daily Trust Nigeria: Unity Bank to Adopt New Corporate Identity

    Unity Bank Plc will soon adopt a new corporate identity to take it away from its conservative posture, Daily Trust learnt yesterday.

  • Monitor Uganda: Bbumba Asks Banks to Back Enterprenuers

    Finance Minister Syda Bbumba has called on the banks to financially support the Small and Medium Enterprise (SME) sector.

  • Business Day South Africa: Top Appointments for Standard Bank

    STANDARD Bank yesterday announced two major appointments to head its SA and international corporate and investment banking activities, to further its growth strategy. Kennedy Bungane was appointed the unit's SA CE . He takes over from David Munro, who has been appointed the global head of investment banking. Standard Bank operates in 32 countries. Munro will remain in SA.

  • Business Day South Africa: Better Days Ahead - Investec

    INVESTMENT bank Investec 's adjusted earnings per share fell 8,7% to 24p in the six months to September 30, "but we'll make it up", when economic conditions improve, said CEO Stephen Koseff.

  • Daily Champion Nigeria: NDIC Chairman Faults CBN Over N620 Billion Bail Out to Banks

    Chairman, Board of Directors of the Nigeria Deposit Insurance Corporation (NDIC), Ambassador Hassan Adamu has faulted the decision of the Central Bank of Nigeria (CBN) to inject N620 billion into eight ailing banks, saying it would not guarantee against failure.

  • New Times Burundi: Lake Victoria Project to Cover Rwanda, Burundi

    The World Bank supported Lake Victoria Environment Management Programme (LVEMP), launched in the mid-1990s, will now be extended to Burundi and Rwanda.

  • The Herald Zimbabwe: Swiss Bank Eyes Lonzim Stake As Investor Confidence Grows

    THE Union Bank of Switzerland is eyeing a three percent stake in Zimbabwe-oriented London-listed conglomerate LonZim Plc, reflecting growing investor confidence from the West in the local economy.

  • November 19
  • SW Radio Zimbabwe: Mixed Reactions Greet Central Bank Reform Bill

    New plans to reform the structure of the Reserve Bank, in order to restrict the powers of Governor Gideon Gono, have been met with mixed reaction; with critics arguing the parliamentary bill will still leave Gono with too much power.

  • Business Daily Kenya: NIC Bank Records 9 Percent Growth in Third Quarter

    NIC Bank recorded a nine per cent growth in earnings for the third quarter of the year to cap off a blanket single digit performance for Kenya's largest commercial banks.

  • Citizen Tanzania: Liyumba 'Had No Powers to Authorise Payments'

    Former director of personnel and administration of the Bank of Tanzania (BoT) Amatus Liyumba did not have powers to authorize payment of its project, the court was told yesterday.

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