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Barclays Africa – Split Won’t Change Activities in Tanzania

Barclays Africa – Split Won’t Change Activities in Tanzania

Barclays Africa Group does not foresee changes in its operations in Tanzania and in Africa in general as it proceeds with separation process from its UK parent company whose terms have been agreed subject to regulatory approval. Barclays Africa Group which holds majority stakes in Barclays Bank Tanzania and NBC Bank, announced yesterday it had agreed […]

President Robert Mugabe has hinted that he would prefer rand as currency

President Robert Mugabe has hinted that he would prefer rand as currency

President Robert Mugabe has hinted that he would prefer the adoption of the rand in Zimbabwe despite the reluctance to adopt the currency from his government. Mugabe, who turned 93 on Tuesday, said in a televised interview to mark his birthday that he had asked Finance Minister Patrick Chinamasa and central bank governor John Mangudya […]

The Islamic Corporation for the Development of the Private Sector (ICD) and International Association of Islamic Business (IAIB) sign a MoU to cooperate in the development of private sector

The Islamic Corporation for the Development of the Private Sector (ICD) and International Association of Islamic Business (IAIB) sign a MoU to cooperate in the development of private sector

The Islamic Corporation for the Development of the Private Sector (ICD) , the private arm of Islamic Development Bank Group (IDBG), and International Association of Islamic Business (IAIB), signed a Memorandum of Understanding (MoU) to explore possible avenues for collaboration in enhancing business relations between entrepreneurs from Islamic countries and Russian Federation. The two institutions […]

Reserve Bank of Zimbabwe Governor John Mangudya’s Roadmap Faces Hurdles

Reserve Bank of Zimbabwe Governor John Mangudya’s Roadmap Faces Hurdles

Economic measures put in place by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya to drive economic growth will come to nothing in the absence of structural reforms, analysts have warned. In his monetary policy statement released last week, Mangudya announced a raft of measures that included, among others, the extension of the $200 million […]

Newly formed investment company, Arise is set to boost Ghana’s banking sector after acquiring 27.7 % stake in CAL Bank in Ghana

Newly formed investment company, Arise is set to boost Ghana’s banking sector after acquiring 27.7 % stake in CAL Bank in Ghana

The recent acquisition of a 27.7 % stake in CAL Bank in Ghana by newly formed investment company, Arise is set to boost the banking sector in the country. The shareholding in CAL Bank was acquired by Arise from DPI, a leading Africa-focused private equity firm with assets in excess of US$1 billion under management. […]

Zambia Hails European Bank’s Plans to Open Office

Zambia Hails European Bank’s Plans to Open Office

The Zambian government said Tuesday that the plan by the European Investment Bank (EIB) to set up an office in the country was a clear endorsement by Europe that Zambia was one of the best investment destinations in Africa. Minister of Finance Felix Mutati, who has just returned from a tour of some European countries […]

Huduma Kenya Programme Card Delivers Cashless Efficiency, Powered by Mastercard Technology for Kenyans

Huduma Kenya Programme Card Delivers Cashless Efficiency, Powered by Mastercard Technology for Kenyans

Mastercard commits to supporting the roll-out of the Huduma Card in Kenya as the technology partner of choice for the local government organisation. The secure payment solution supports Kenya’s Vision 2030 that calls for reforms in public services to enhance accountability, transparency and efficient service delivery, with focus on developing a cashless economy. The Huduma […]

Has Mugabe Switched On The Money Printing Machine?

Has Mugabe Switched On The Money Printing Machine?

The introduction of a new 5-dollar bond note reminds Zimbabweans of the last time they had a currency of their own, whose biggest denomination was a U.S.$100 trillion note that wasn’t enough to buy a loaf of bread. Many ordinary people fear the bond notes may lose value if President Robert Mugabe’s government prints more. […]

When Uganda, Zimbabwe or Somalia Start Printing Money

When Uganda, Zimbabwe or Somalia Start Printing Money

Certain things are very stubborn. They have no respect. Take this thing called manufacturing. It must be President Museveni’s jinx. Bad luck tends to ride on his back whenever he gets passionately entangled in issues related to serious manufacturing. Indeed, one could almost formulate a rule; that if you want a good chunk of the […]

MicroSave and The MasterCard Foundation to Help Advance Digital Finance Services in Francophone Africa

MicroSave and The MasterCard Foundation to Help Advance Digital Finance Services in Francophone Africa

MicroSave (www.MicroSave.net), in partnership with The MasterCard Foundation (www.MasterCardFdn.org), today launched a new program to develop tailored training courses in digital financial services (DFS) in francophone markets of Africa. The program is expected to benefit over 250 DFS providers and will focus on the WAEMU region, the Democratic Republic of the Congo, and Madagascar. Additionally, […]

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