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Africa Banking News is an EIN News Service for banking industry professionals. Constantly updated news and information about Africa Banking.
Latest Africa Banking News
- CBN move dampens rise in Nigerian interbank rates 7 Nov 2009 01:16 GMT
... Nigerian interbank lending rates climbed to 5.83 percent ... but the rise was dampened after the central bank lowered its deposit rate to boost ... The central bank's measure aims to end banks' preference for placing surplus funds at its overnight ...
- Central African states target higher 2010 growth 7 Nov 2009 13:05 GMT
... YAOUNDE, Nov 7 (Reuters) - The six-nation Central African Economic and Monetary Community (CEMAC) could see ... 2.4 percent expected this year, the regional central bank said late on Friday. While Central ...
- El Kettani pleads for true South-South banking cooperation 7 Nov 2009 09:57 GMT
... The managing director of Attijariwafa Bank, Mohamed El Kettani, ... for a true South-South cooperation in the banking sector so that Africa can face the various breakdowns expected after ...
- G-20 officials to wrestle over economic imbalances 7 Nov 2009 01:34 GMT
... hesitantly from recession, finance ministers and central bankers from the Group of 20 leading rich ... supporting the world economy. And the European Central Bank broadly hinted Thursday that it will ... back some of its emergency lending to banks, ramped up during the finance crisis. There are also ...
- G-20 officials to wrestle overeconomic imbalances 7 Nov 2009 05:10 GMT
... hesitantly from recession, finance ministers and central bankers from the Group of 20 leading rich ... supporting the world economy. And the European Central Bank broadly hinted Thursday that it will ... back some of its emergency lending to banks, ramped up during the finance crisis. There are also ...
- Banking on pay 7 Nov 2009 03:12 GMT
... Published: November 7 2009 02:00 | Last updated: November ... years in banking, pondered the issue of bankers' bonuses. The only thing that a banker cares about, he said, was that no ...
- Reichle and De-Massari awarded Toyota Egypt cabling contract 7 Nov 2009 06:10 GMT
... The announcement of the Toyota Egypt project is the ... series of installations for R&M in the Africa region and strengthens its market leading position. ... wide variety of sectors such as oil, banking, telecom, education, and the governmental public sector. ...
- CBN move dampens rise in interbank rates 7 Nov 2009 07:39 GMT
... Nigerian interbank lending rates climbed to 5.83 percent ... but the rise was dampened after the central bank lowered its deposit rate to boost ... The central bank's measure aims to end banks' preference for placing surplus funds at its overnight ...
- Third quarter characterized by large fiscal deficit, lower licensed investment projects 7 Nov 2009 09:38 GMT
... owing to higher bank deposits at the central bank and currency in circulation. Average nominal ... Regarding financial institutions, the total number of banks in the country stood at the preceding quarter level of ... interest rate, improving resource mobilization by the banking system, widening current account deficit but a ...
- 'One of the biggest risks we have is for people' 7 Nov 2009 07:30 GMT
... - including billion dollar bailouts of failing banks and companies in Britain and the United States - ... supporting the world economy. And the European Central Bank broadly hinted Thursday that it will ... do bailouts." The finance ministers and central bankers are also trying to find a way ...
- TEXT - Communique from G20 meeting in Scotland 7 Nov 2009 16:16 GMT
... the communique issued by finance ministers and central bank governors at their meeting in St. ... We call on supervisors to ensure that banks retain, as needed, a greater proportion of their profits ... associated with government interventions to repair the banking system; and, -- we welcome progress by ...
- Communique from G20 meeting in Scotland 7 Nov 2009 17:55 GMT
... the communique issued by finance ministers and central bank governors at their meeting in St. ... We call on supervisors to ensure that banks retain, as needed, a greater proportion of their profits ... associated with government interventions to repair the banking system; and, -- we welcome progress by ...
- Igniting Meaningful Business Partnerships at Africa Finance & Investment Forum 2009 7 Nov 2009 07:58 GMT
... Delegates at this year's edition of the Africa Finance & Investment Forum 2009 (AFIF09) in ... Asia representing micro-finance institutions, development and commercial banks, governmental and non-governmental organisations as well as ... business event gathering key policy makers, financiers, bankers and private sector entrepreneurs interested in securing ...
- Nigeria heads for another debt trap, Fiscal Commission warns 7 Nov 2009 01:17 GMT
... Nigeria heads for another debt trap, Fiscal Commission ... had written to all financial institutions i.e banks, Security and Exchange Commission, Debt Management Office, etc ...
- Accra bourse index closes week down 7 Nov 2009 07:58 GMT
... Accra, Nov. 6, GNA - The main index ... in GH¢ Accra Brewery Ltd ABL 0.10 African Champion Industries Ltd ACI 0.10 Anglo Gold ... 0.13 Fan Milk Limited FML 4.61 Ghana Commercial Bank Ltd GCB 0.90 Guinness Ghana Breweries ...
- Policy-makers, bank governors set to debate economic policies here 7 Nov 2009 09:41 GMT
... Some 400 policy-makers, development experts and economists as well as ... experts and economists as well as several central bank governors and ministers of finance from African countries will attend the fourth annual African ...
- Association of Bankers announces new exchange rate 7 Nov 2009 11:56 GMT
... The following are the average inter-bank exchange rate of ... as issued by the Ghana Association of Bankers on Friday, November 6, 2009. Currency GHANA ... 0.2524 0.2570 Swedish Kroner 0.2051 0.2088 South Africa Rand 0.1890 0.1924 Euro 2.1301 2.1703 CURRENCY ...
- Africans issue request to Obama on malaria 7 Nov 2009 17:19 GMT
... The organization is facing a major funding gap next ... and ensuring "we collectively go beyond rescuing bankers, brokers, corporate barons and investors to guaranteeing ... have access and survive." According to experts, Africa and low and middle-income countries in general ...
- Further cooperation needed on climate change, economic growth: British Chancellor Darling 7 Nov 2009 02:51 GMT
... British Chancellor Alistair Darling called for further cooperation in ... Friday during the G20 Finance Minister and Central Bank Governor Meeting. He said that though ... South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the U.S., Britain and the European ...
- Smaller gold miners show their lustre 7 Nov 2009 00:56 GMT
... Precious metals funds are shining the brightest this year. ... Star Resources Ltd. All three are West Africa gold miners. “I am bullish [on gold] ... be underpinned by a complete absence of central bank selling, and [also by] central bank ...
- Best gold funds 7 Nov 2009 02:02 GMT
... Precious metals funds are shining the brightest this year. ... Star Resources Ltd. All three are West Africa gold miners. “I am bullish [on gold] ... be underpinned by a complete absence of central bank selling, and [also by] central bank ...
- British treasury chief urges world officials to reach agreement on climate change costs 7 Nov 2009 11:18 GMT
... on financial activity to help insure the banking system from another crisis. Addressing finance ministers ... another crisis. Addressing finance ministers and central bankers from the Group of 20 rich and ... on how to address the problem of banks being too big to fail. , meanwhile, is ...
- British PM calls for talks on finance levy 7 Nov 2009 11:55 GMT
... on financial activity to help insure the banking system from another crisis. Addressing finance ministers ... another crisis. Addressing finance ministers and central bankers from the Group of 20 rich and ... on how to address the problem of banks being too big to fail. France, meanwhile, is ...
- NBA criticises EFCC on debt recovery 7 Nov 2009 00:10 GMT
... The Nigerian Bar Association (NBA) has lampooned the Economic ... agents” following the current crisis in the banking sector. The Section of Legal Practice (SLP) ... this known said that financial transactions between banks and their customers were contractual, adding that security ...
- British Treasury chief urges climate agreement 7 Nov 2009 09:47 GMT
... bearing the cost of fighting and central bankers from the Group of 20 rich and ... the formal agenda. There also disagreements on banking reform, with acknowledging on the eve of ... on how to address the problem of banks being too big to fail. , meanwhile, is ...
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