May 23
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Standard Chartered Celebrates No Plastic Day
Daily Observer
Standard Chartered Bank CRES on the 11th of May 2013 under its pledge to ensure environment stewardship through specific projects which will have a positive impact in the societies... Read more »
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Daily Observer
Brikama Area Council (BAC) and Eco Bank Gambia Limited Wednesday signed a new memorandum of understanding (MoU) which will involve the direct payment to the bank, of revenue, land... Read more »
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Skye Bank Gets Shareholders' Nod to Raise N81.2 Billion
This Day
The bid by Skye Bank Plc to raise fresh capital to enhance its operations received a boost Wednesday when its shareholders unanimously approved the plan at the bank's annual... Read more »
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First National Bank Classic Clashes Launched
Namibian
The popular FNB Classic Clashes was launched for the sixth year at St Paul's College in Windhoek yesterday. Read more »
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Nine Bank Chief Executives Escape Arrest
This Day
The chief executive officers (CEOs) of nine commercial banks Wednesday escaped the hammer of the lawmakers as they finally appeared before the House of Representatives Committee on... Read more »
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Nigerian Banks Unable to Fund Large Oil, Gas Deals - Shell
Vanguard
Shell Nigeria Exploration and Production Company, SNEPCO, yesterday, bemoaned inability of banks in the country to fund large oil and gas transactions, saying that all the... Read more »
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Firstbank Upgrades IT Infrastructure for Enhanced Service Delivery
Daily Trust
First Bank of Nigeria Limited (FirstBank) is currently upgrading its IT infrastructure to enhance service delivery and provide specialised financial solutions to all customer... Read more »
May 22
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Citi Profits Dip 36 Per Cent to Sh800 Million
The Star
CITIBANK NA Kenya has reported a 35.9 per cent drop to Sh801 million for the first three months of this year, down from Sh1.2 billion posted in a similar period last year. Read more »
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CRDB Posts U.S. $66 Million Profits
EA Business
CRDB Bank Plc, one of Tanzania's leading banks, has posted a pre-tax profit of Tsh107.7 billion (about $65 million) during the last financial year. Read more »
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Bank of Africa Tanzania Launches E-Banking
Daily News
THE Bank of Africa Tanzania yesterday launched the highly and latest e-banking technology known as B -Web Smart internet mobile service to its customers to enhance its online... Read more »
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Insurer Says Fraud Halted Sh1.1 Billion LC Bicycle Payment
New Vision
NIKO Insurance has reiterated that suspicions of fraud halted payment of sh1.1b that it undertook to pay as performance guarantee bond to Government in the supply of 70,000... Read more »
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City Trust, I and M Deal Approved
The Star
City Trust has announced that it has received all the necessary approvals from shareholders of I&M Bank to acquire the bank. City Trust has also received the required approvals... Read more »
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Observer
Crane bank last week opened its 28th branch at Entebbe airport, and immediately announced plans to fly its services abroad, with a fully-owned subsidiary in Rwanda and operations... Read more »
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SSHFC Announces 30 Percent Pension Increase
The Point
The Social Security and Housing Finance Corporation (SSHFC) has announced a 30 percent increase on pension payment for its pensioners. Read more »
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Non-Performing Loans Choke NBK's Profits
The Star
NATIONAL Bank yesterday reported its three months net profit this year rose 12.6 per cent despite a huge rise in non performing loans. The bank recorded Sh370.7 million in net... Read more »
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Sanlam Buys Stake in Malaysian Firm
SA Info
South African financial services provider Sanlam has acquired a 49% stake in Malaysian short-term insurer Pacific & Orient Insurance Co. Berhard (POI) worth about R814-million. Read more »
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Kenya Open Tourney Get Sh2.3 Million Boost From Real Insurance
The Star
Real Insurance have increased the sponsorship for the Kenya Open tennis championships from Sh1.5 million to Sh2.3m for this year's edition starting on Saturday at Nairobi Club. Read more »
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The Prospects of Owning a Bank
New Era
The public offer by Bank Windhoek Holdings Limited, ahead of the public listing on the Namibia Stock Exchange on June 20, does not only give ordinary Namibians the chance of owning... Read more »
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FG Accesses U.S.$500 Million AfDB Facility for Transmission Network
This Day
About $500 million facility from the African Development Bank (AfDB) has been activated by the federal government to upgrade the country's weak electricity transmission network. Read more »
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CBN Retains Monetary Rates Over Impact of Emergency Rule
Leadership
Rising concerns over the likely impact of the emergency rule and operations of the military in the north-east on the economy has forced the Central Bank of Nigeria (CBN) Monetary... Read more »
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First Bank Upgrades It Infrastructure
This Day
First Bank of Nigeria Limited Tuesday announced that it is upgrading its information technology infrastructure in order to enhance service delivery and provide specialised... Read more »
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Recapitalisation - Stallion Home, Mutual Alliance Plan Merger
This Day
As operators in the primary mortgage banking industry move to beat the December 31, 2013 recapitalisation deadline by the Central Bank of Nigeria (CBN), Stallion Homes Savings and... Read more »
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FG Inaugurates Committee to Access U.S.$500 Million AfDB Loan
Leadership
The federal government has commenced the process to access a $500 million African Development Bank (AfDB) loan with the constitution of a five- man monitoring and evaluation... Read more »
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The Herald
UNITED STATES private equity firm Equator Capital is nearing a deal to acquire a 10 percent shareholding in Zimbabwe Stock Exchange-listed financial group, FBC Holdings, sources... Read more »
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GTB, Zenith Bank, 11 Others Raise U.S.$1.2 Billion for Etisalat
This Day
Guaranty Trust Bank Plc (GTB), Zenith Bank Plc, the United Bank for Africa Plc (UBA) and 10 other banks have arranged a total of $1.2 billion Medium Term Facility (MTF) for... Read more »
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