May 12
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Funeral Assurance Sector Bounces Back
Zimbabwe Standard
THE funeral assurance and insurance sectors are on the rebound as more clients continue to gain confidence in the industry, Insurance Institute of Zimbabwe (IIZ) president Chomi... Read more »
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Banks Constrained to Meet Long-Term Capital Demand - Report
Zimbabwe Standard
DESPITE long-term deposits more than doubling last year, banks are constrained to meet growing demand from various sectors of the economy, a leading research firm has said. Read more »
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Top Banker Mushayakarara Goes Into Retirement
Zimbabwe Standard
TOP banker, Elisha Mushayakarara, is set to leave ZB Financial Holding (ZBFH) at the end of the month after holding the post of group chief executive officer for the past 20 years. Read more »
May 11
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Bank Remains Loyal Cranker for Bowls
New Era
Standard Bank Namibia for the 11th consecutive year sponsored the annual Standard Bank Corporate Bowls event held at the coastal town of Walvis Bay, recently. Read more »
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BoT Reaffirms Equal Exchange Rate for U.S.D Bills
Daily News
THE Bank of Tanzania (BoT) has reaffirmed its policy stands that all dollar bills, irrespective of their denominations have equal exchange rate, saying that it has already started... Read more »
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The Herald
Government has raised workers' monthly contributions to the National Social Security Authority by one percent, a development that will see more money being deducted from individual... Read more »
May 10
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'Structural Adjustment Programmes Worked in Africa' - World Bank [interview]
ThinkAfricaPress
Chief Economist of the World Bank's Africa division, Shantanayan Devarajan, speaking to Think Africa Press, credits 'Africa Rising' in part to World Bank and IMF policies. Read more »
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Sweden, U.S. and African Development Bank Launch Agriculture Fund
State Department
The United States, Sweden and the African Development Bank have launched a fund to encourage accelerated private investment in sub-Saharan Africa's agricultural infrastructure to... Read more »
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Bank Crisis Deep-Seated [editorial]
Zimbabwe Independent
ONCE again we are facing a bank crisis as shown by the report we are carrying on our front page in the midst of an economic malaise all along concealed by the multi-currency regime... Read more »
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Kingdom Bank On Brink of Collapse
Zimbabwe Independent
AFRASIA Kingdom Bank has run into serious problems and is facing censure by the Reserve Bank after it emerged this week it is reeling from a massive US$21 million under-performing... Read more »
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Foreign Trade - FG to Change From FOB to CIF
Vanguard
Federal Government is set to change its trade policy from the present Free on Board (FOB) to Cost, Insurance and Freight (CIF) which most countries across the world use because of... Read more »
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Insurance Guru Paul Mkondo Dies
The Herald
ONE of Zimbabwe's prominent property, insurance personalities and businessmen, Mr Paul Mkondo, has died. Read more »
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Building Africa's Property Boom [guest blog]
WEF
Mention "Africa" to the world's industrialists, retailers, bankers and technologists, and the associated responses are "exploration" and "opportunity". Mention "opportunity" to... Read more »
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Central Bank Monetary Committee Explains
Foroyaa
The Monetary Policy Committee of the Central Bank of the Gambia held its quarterly meeting yesterday May 07th 2013 to brief the press. Reading the Press release on behalf of the... Read more »
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Banks Post Dismal Profits for 2012
Observer
The five largest banks in Uganda, with assets worth more than Shs 1 trillion, recorded a profit for the year ended 2012. Read more »
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New Times
Agaseke bank, has posted a Rwf12m loss after tax, the bank's 2012 financial statement released yesterday has indicated. Read more »
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CRBD Chief Among Runner of African Banker Award
Daily News
THE Managing Director of CRDB Bank, Dr Charles Kimei, is among five candidates shortlisted for the best African Banker Awards, the 2013 edition. Read more »
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Zimbabwe Independent
ZIMBABWE's banking sector is slowly consolidating, and while still very competitive, is become slightly more concentrated, a leading Harare based research house has warned. Read more »
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Nedbank Expands Into Mozambique
SA Info
South African financial services provider Nedbank is entering the Mozambique banking market through its acquisition of an initial 36% stake in Banco Unico worth US$24.4-million. Read more »
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We Never Destroy Financial Documents, Central Bank of Nigeria Says
Premium Times
The Central Bank of Nigeria has said that it does not destroy documents of its financial transactions contrary to speculation that it destroys its documents after every five years. Read more »
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New Fiscal Regime Implemented Without Problem - Reserve Bank
ANGOP
The process of implementation of the new fiscal regime for the oil sector is happening without problems, guaranteed Thursday, in Luanda, the governor of Angola's National Reserve... Read more »
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Reserve Bank's Proposal On Minimum Capital for New Banks Passed
ANGOP
The governor of the Angolan National Reserve Bank (BNA), José de Lima Massano, last Thursday in Luanda informed that the Economic Commission approved the proposal of the BNA... Read more »
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Recapitalisation - 15 Microfinance Banks Ready to Merge
Daily Trust
Fifteen out of the 450 microfinance banks in the South-west have indicated their interest to merge with the stronger ones, an official of the banks' association said. Read more »
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CBN Sells N157 Billion Naira in Treasury Bills at Lower Yields
Daily Trust
Nigeria sold N157.05 billion worth of treasury bills on Wednesday at lower yields than at its previous auction on the back of strong demand from offshore investors and local fund... Read more »
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Standard Chartered Bank to Migrate ATMs By September
The Star
Standard chartered bank says it will in September begin issuing new technology ATM cards. Bhartesh Shah says this is to increase the safety of their cards due to rising cases of... Read more »
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