August 19, 2019
South Africa: Debt Relief Law a Cause for Concern for South Africa's Banks?
President Cyril Ramaphosa has signed the National Credit Amendment Bill into law. The law, also referred to as the "Debt Relief Law", will afford low-income workers and… Read more »
August 08, 2019
South Africa: How More Women in Agriculture Will Ensure Food Security, Tackle Land Reform
Addressing gender disparities in the agricultural sector is a prerequisite to increasing women and youth participation in the sector, creating much-needed employment opportunities… Read more »
July 31, 2019
Africa: Old Mutual's Peter Moyo Wins First Round, But What Reception Will He Get?
Old Mutual's Peter Moyo returned to work today after a South-Gauteng High Court ruling temporarily reinstated him as CEO, after his suspension and subsequent dismissal by his… Read more »
July 03, 2019
South Africa: Ex Old Mutual CEO Accuses Chair Trevor Manuel of 'Triple Conflict'
Fired Old Mutual CEO Peter Moyo has filed papers in the South Gauteng High Court against his former employer who first suspended, then dismissed him on June 18, 2019. He is also… Read more »
February 14, 2019
South Africa: Banks That Manipulate the Rand - Are Millions in Fines a Deterrent?
British multinational banking and financial services company, Standard Chartered has pleaded guilty to manipulating currencies, including the rand, between 2007 and… Read more »
January 31, 2019
South Africa: South Africa's Top Woman CEO Retires - Where Will Ramos Go Now?
The retirement announcement of Absa Group CEO Maria Ramos has sparked speculation about what could be next for "the fixer", who was part of the national treasury in 1994, and went… Read more »
November 21, 2018
Mozambique: Central Bank Governor Blames Cyber-Attack for Banking Crisis
The governor of the Mozambican central bank, Rogério Zandamela, has told parliament that a Portuguese software company, Bizfirst, carried out "cyber-attacks" on the… Read more »
November 13, 2018
South Africa: High Court Orders Liquidation of VBS Bank
The North Gauteng High Court has ordered the liquidation of VBS Mutual Bank, eNCA reports. This comes after an application by the South African Reserve Bank's Prudential Authority… Read more »
October 31, 2018
Africa: Trade Holds Key to Wealth Creation - Afreximbank's Oramah
The African Export-Import Bank (Afreximbank) is one of the long-established but lesser known continent-wide institutions. Created by African governments and private and… Read more »
September 21, 2018
South Africa: Ramaphosa Unveils $3.5 Billion Stimulus for Recession-Hit Economy
President Cyril Ramaphosa, who inherited a contracting economy from his scandal-ridden predecessor, today announced an economic stimulus and recovery plan for the country. The plan… Read more »
March 26, 2018
Angola: Former President Dos Santos' Son Charged With Fraud
José Filomeno dos Santos, the former president of the Angolan Sovereign Fund and son of former Angolan president José Eduardo dos Santos is barred from leaving the… Read more »
June 26, 2017
Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina
Dr. Akinwumi Adesina is focusing on five areas to achieve the African and global goals for a prosperous continent since becoming president of the African Development Bank… Read more »
December 06, 2016
Africa: African Voices Must Speak Up for Infrastructure Financing, Support
Lesotho is facing challenges in financing its Queen Mamohato Hospital, which costs U.S. $67 million a year to run, representing half of the country's meagre health budget. Read more »
July 19, 2016
Africa: Africa Must Use New Bank to Bridge $100 Billion Infrastructure Gap
Africa's infrastructure financing deficit, estimated to be U.S. $100 billion a year, remains persistently large. The resulting lack of investment in energy, transport and water… Read more »
April 23, 2016
Mozambique: Govt Takes First Step to Repairing IMF Ties
The Mozambican government has made an “extensive disclosure of information” to the International Monetary Fund in recent days, after earlier hiding from the IMF more… Read more »
January 27, 2016
Senegal: About 200 Billion CFA F Received from the Kuwait Fund Since the 1970s
Senegal is the first recipient of the Kuwait Fund for Arab Economic Development (KFAED) in West Africa. From the 1970s to the present day, Kuwait grant to Senegal is estimated at… Read more »
July 11, 2015
Africa: 'Multi-sided' Partnership Required to Finance Inclusive Development - IMF Chief
A "once in a generation opportunity" – that's how Christine Lagarde, managing director of the International Monetary Fund (IMF), described the chance to assemble the… Read more »
April 13, 2015
Africa: Honoring Africa in Washington DC
AllAfrica Global Media is marking its 15-year anniversary with the launch of the AllAfrica Awards on Friday April 17th, 2015 in Washington DC. Read more »
March 31, 2015
Africa: Let's Chart Our Own Plan, Says Kagame at Addis Finance Confab
External support should not be the determiner of Africa's development priorities, Rwandan President Paul Kagame told a gathering of finance and planning ministers and governors of… Read more »
November 04, 2014
Africa: New Development Financing Models for Africa - A Look Back at ADF9
If Africa's growth and dynamism is to be sustained, the continent's ability to finance future infrastructure development cannot be left to vagaries of foreign aid allocations but… Read more »
August 12, 2014
Africa: Why Are We So Poor? Yet We Are So Rich?
Briggs Bomba calls for domestic resources to be mobilized to bring about inclusive development in Africa, in particular by stopping the illicit flow of money out of the continent. Read more »
June 02, 2014
Africa: IMF Seeks to Make Growth Sustainable & Inclusive - Lagarde
The International Monetary Fund and the Mozambican government last week hosted the "Africa Rising" conference, attended by policymakers and private sector and civil society… Read more »
April 09, 2014
Africa: World Bank Seminars to be Streamed Live
A series of seminars focusing on key issues affecting Africa's development will be held in Washington, DC, this week - and streamed live on the web - to coincide with the World… Read more »
January 15, 2014
Africa: Leveraging the Continent's Resources for Infrastructure - Kaberuka
Donald Kaberuka has ambitious targets for his second and final five-year term as President of the African Development Bank. At the Bank's annual luncheon earlier this month, he… Read more »
November 16, 2013
Africa: PTA Bank Finds 'Sweet Spot' for Growth to Finance Regional Development
PTA Bank, formally known as the Eastern and Southern African Trade and Development Bank, is a little known but significant player on the African financial scene.Established in 1985… Read more »
allAfrica.com (Washington, DC)
allAfrica.com is operated by AllAfrica Global Media, a multi-media content service provider and hosted by AllAfrica, Inc., the largest electronic distributor of African news and information worldwide.
Website: https://allafrica.com/
