Sunday July 6, 2008
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Latest Congo Kinshasa Banking News

  • Kenol Kobil expands into Zambia, acquires Lublend 6 Jul 2008 13:55 GMT
    ... Kobil Zambia, a fully-owned subsidiary of the Kenyan oil ... supplies within the export markets of the Democratic Republic of Congo (the Lubumbashi area), Zimbabwe, Malawi and Mozambique, ... would negotiate more favourable borrowing terms from banks, which will allow it to tap other sources of finance. In addition, it ...

  • Which are the world's most corrupt countries? 6 Jul 2008 11:30 GMT
    ... This aerial photo provided by the French Defense Ministry ... below 3 are classified by the World Bank as low income. It doesn't help if the governments are weak or engaged ... the state officials' pockets. Nearby in the Democratic Republic of Congo, tied for 10th with Guinea, government officials ...

  • G8 summit: The key issues 6 Jul 2008 10:14 GMT
    ... Tough times ahead By Economics Correspondent Andrew Walker When ... next couple of years. On inflation, central banks are in charge. The European Central Bank has already made a start by raising interest ...

  • The Dirty Half-Dozen: The generals who are even more ruthless and bloodthirsty than Mugabe 5 Jul 2008 03:56 GMT
    ... For a chain, Gaucho is startlingly expensive, the final bill ... thrown into boreholes used for water. Reserve Bank of Zimbabwe Governor Gideon Gono, left, and Air Force Commander Perence ... made millions by ordering troops into the Democratic Republic of Congo during the late Nineties. In a war ...

  • Stakeholders keen to fast-track 40 000-MW Grand Inga projects 3 Jul 2008 22:25 GMT
    ... Stakeholders keen to fast-track 40 000-MW Grand Inga ... development finance institutions such as the World Bank, as well as other public and development banks and government funding. ...

  • Background Notes : Sudan (07/08) 3 Jul 2008 13:20 GMT
    ... Jul 03, 2008 (STATE DEPARTMENT RELEASE/ContentWorks via COMTEX) -- ... region). Land boundaries: Central African Republic, Chad, Democratic Republic of the Congo, Egypt, Eritrea, Ethiopia, Kenya, Libya, and Uganda. ... the presence in Khartoum of the Arab Bank for African Development. The World Bank had been ...

  • Zesco restores inter-connector 3 Jul 2008 11:36 GMT
    ... ZESCO has restored the power inter-connector with Zimbabwe, which ... from Zambia, other countries under SAPP are Democratic Republic of Congo, Zimbabwe, South Africa and Zimbabwe. While the ... Mr Sisala said works at Kariba North Bank would be completed by March next year. He said the rehabilitation of ...

  • Al Boom owner faces arrest 3 Jul 2008 08:15 GMT
    ... Last Updated: July 02. 2008 10:05PM UAE / July ... belonging to them, including any property and bank accounts, in order to secure investors’ rights. The lawyer general advised all ... three diamond mines in Sierra Leone and Democratic Republic of Congo, the website said. ...

  • Broken promises sound off-note between G8 and Africa as meeting nears 3 Jul 2008 05:52 GMT
    ... Broken promises sound off-note between G8 and Africa as ... A proposed $9bn Chinese investment programme in Democratic Republic of Congo has threatened to derail IMF aid, a ... G8 and the Western-dominated IMF and World Bank. Yet several African leaders due to attend the Japan summit - ...

  • SADC POWER POOL RESUME TRADING AFTER ZAMBIAN UTILITY CLOSE INTER-CONNECTORS 3 Jul 2008 05:13 GMT
    ... SADC POWER POOL RESUME TRADING AFTER ZAMBIAN UTILITY CLOSE ... SAPP members such as South Africa, Zambia, Democratic Republic of Congo and Zimbabwe could resume. Sisala said Zambia ... year while works at the Kariba North Bank power station were in progress and expected to be completed by March ...

  • Zim Crisis Likely to Delay Integration 3 Jul 2008 04:31 GMT
    ... ECONOMIC integration has been the ultimate goal of ... floatation of the currency by the Reserve Bank of Zimbabwe (RBZ), analysts say the domestic currency ... could militate against the swift convergence of banking regulations as the region moves towards a ...

  • Kenya Ports Authority implements cargo tracking software 2 Jul 2008 20:23 GMT
    ... Kenya Ports Authority implements cargo tracking software By Rebecca ... Port users from Uganda, Rwanda, Burundi, Eastern Democratic Republic of Congo and Northern Tanzania had expressed frustration at ... region was also supported by a World Bank study that claimed that Kenya was partly to blame for rising food ...

  • Al Boom owner arrested 2 Jul 2008 20:19 GMT
    ... Last Updated: July 02. 2008 10:05PM UAE / July ... belonging to them, including any property and bank accounts, in order to secure investors’ rights. The lawyer general advised all ... three diamond mines in Sierra Leone and Democratic Republic of Congo, the website said. ...

  • Zambia resumes night power exports despite deficit 2 Jul 2008 16:30 GMT
    ... Zambia on Wednesday reconnected its national electricity grid to ... Pool (SAPP), which comprises South Africa, the Democratic Republic of Congo (DRC), Zambia and Zimbabwe. Mineral-rich Zambia disconnected ... 600 MW. Infrastructure at the Kariba North Bank hydro power station would also be upgraded to produce 990 MW from ...

  • Is First Quantum a screaming buy? 2 Jul 2008 15:59 GMT
    ... Copper metal may be ready to assault its all ... copper stocks. For example, analysts at Royal Bank of Canada Capital Markets note that over the ... African Copperbelt that straddles Zambia and the Democratic Republic of the Congo, and intrudes also into Angola. First Quantum's ...

  • Tiger to commence trading on Toronto Stock Exchange 2 Jul 2008 15:17 GMT
    ... ...


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Currency News

• Pak rupee hits record low at 70 per dollar [06 Jul 2008 - 10:26]
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IMF

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