Sunday July 6, 2008
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Latest East Africa Banking News

  • After the Grand Regency Libyan buy out, Kuwaitis eye Intercont 6 Jul 2008 13:55 GMT
    ... Even before the dust settles on the controversy over ... are the Intercontinental Hotel Group, the National Bank of Kenya and the Sovereign Group Ltd. Curiously, ... Commission of Kenya, Solomon Kitungu, told The EastAfrican that he was not aware of any ...

  • KCB rights issue dogged by drop in the NSE share index 6 Jul 2008 13:55 GMT
    ... KCB rights issue dogged by drop in the NSE ... Safaricom refunds will affect the Kenya Commercial Bank Rights Issue which closes this Friday, July 11. ... a grand plan of cross-listing in East Africa, venturing into the mortgage market and strengthening ...

  • French-trained technicians for Precision Air 6 Jul 2008 13:55 GMT
    ... The first batch of French-trained Tanzanian aeronautics technicians from ... by the fast growing aviation industry in Africa. Precision Air recently took delivery of brand ... the most efficient, reliable and advanced planes. Citibank Tanzania was a mandated lead arranger for the ...

  • Burundi allowed to pay only $1m to EAC budget 6 Jul 2008 13:55 GMT
    ... The East African Community has allowed Burundi to pay only ... annual survey carried out by the World Bank on the ease of doing business, ranks Burundi ...

  • Kenol Kobil expands into Zambia, acquires Lublend 6 Jul 2008 13:55 GMT
    ... Kobil Zambia, a fully-owned subsidiary of the Kenyan oil ... mining sector in Zambia and the Southern African region has been registering impressive growth due ... would negotiate more favourable borrowing terms from banks, which will allow it to tap other ...

  • Part II: The deadly convenience of Victor Bout 6 Jul 2008 13:30 GMT
    ... Part II: The deadly convenience of Victor Bout by ... supplying weapons in return for diamonds to African countries under UN sanction. On 18 February ... power of attorney over Delaware's Vial company bank accounts, reporting that he used them to launder ...

  • 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 ...

  • Tanzania sees more cotton crop yield 6 Jul 2008 09:13 GMT
    ... Tanzania expects its 2008/09 cotton harvest to increase ... period in 2007, according to the Central Bank of Tanzania. The east African nation - where more than 40 percent ...

  • All it takes is one young lion to drive you nuts 6 Jul 2008 06:16 GMT
    ... My 9-year-old nephew Hub Cub's latest passion is lions. ... announcing he was going to become a bank robber under the alias of Benjamin Nushmutt, he ... workers during a campaign of terror in Africa during 1898. When the hunters went to ...

  • Banking on a brighter future 6 Jul 2008 01:14 GMT
    ... There was a time when Lebanon was nicknamed 'the ... well," the chief economist at Saudi British Bank (SBB) told Arabian Business last week. And Solidere ... English. RELATED LINKS: TOP IN MIDDLE EAST BANKING & FINANCE ...

  • Museveni shines, leaves many questions in Rwanda 5 Jul 2008 18:50 GMT
    ... Museveni shines, leaves many questions in Rwanda My ... came out clearly at the recent East African Heads of State Summit and Investment Conference ... people. Then he turned to the World Bank, the EU, and “these organisations which are ...

  • Bank of New York Mellon opens in DIFC 5 Jul 2008 18:14 GMT
    ... Bank of New York Mellon opens in DIFC Last ... Morgan Stanley have all brought in senior bankers to oversee the expansion of their business ...

  • Kenya braces for its biggest ever listing 5 Jul 2008 16:31 GMT
    ... Home > Moneyweb > PERSONAL FINANCE > Investment Insights Kenya ... is an interesting example of the new African winds of change. If you are looking ... of Safaricom. Stock analyst with Suntra Investment Bank James Murigu told Dealweb that the excitement caused ...

  • Sustaining the moral political order in Nepali democracy 5 Jul 2008 16:11 GMT
    ... Sustaining the moral political order in Nepali democracy ... The UN, the various donors, the World Bank, the Asian Development Bank, our traditional friends ... York) as a Middle East and North Africa Regional Reporter. As an acknowledged freelance international ...

  • 8:12pmAccused Australian blames 'treachery' 5 Jul 2008 11:16 GMT
    ... AN Australian man charged with illegally setting up and ... the US, as their regional director for Africa. The Institute of Advanced Leadership Uganda was ... telephone number. Nor did it have a bank account in the country, he said. Asked if ...

  • Uganda: Accused Australian blames 'treachery' 5 Jul 2008 11:16 GMT
    ... AN Australian man charged with illegally setting up and ... the US, as their regional director for Africa. The Institute of Advanced Leadership Uganda was ... telephone number. Nor did it have a bank account in the country, he said. Asked if ...

  • Dar Rejects Mugabe Win 5 Jul 2008 11:15 GMT
    ... DAR ER SALAAM, 07/05- Tanzania does not recognise Mr Robert ... Salaam, Mr Membe said the just ended African Union Heads of State Summit had declared ... officials including Mr Mugabe and the central bank chief. ...

  • Accused Australian blames 'treachery' 5 Jul 2008 10:51 GMT
    ... AN Australian man charged with illegally setting up and ... the US, as their regional director for Africa. The Institute of Advanced Leadership Uganda was ... telephone number. Nor did it have a bank account in the country, he said. Asked if ...

  • Kolte-Patil inaugurates first office in UAE 5 Jul 2008 07:37 GMT
    ... India Infoline News Service / Mumbai Jul 05, 2008 ... concentration of Indian population like GCC, South Africa, Kenya and Singapore. KPDL also plans to ... to the forthcoming Metro Rail station on Bank Street. The office is equipped with audio-visual display ...

  • Blood:water Mission Sparks Movement In East Texas 5 Jul 2008 07:35 GMT
    ... Blood:Water Mission Sparks Movement In East Texas Singer ... provide clean water and blood supply to African communities. By PATRICK BUTLER Religion Editor It ... We broke the money-counting machine at the bank with the bills we had. We still have ...

  • Learning from China Inspires African Decisionmakers 5 Jul 2008 04:32 GMT
    ... From left to right, Zheng Xiaosong, director general of ... can pave the way for shared learning. Sino-African trade has exploded from $2 billion in ... Building on the expanding relationship, the World Bank Institute and the Bank's Africa and East Asia ...

  • Libyan Arab African Investment ordered to halt transactions 5 Jul 2008 04:32 GMT
    ... Libyan Arab African Investment ordered to halt transactions Written By:Court ... conspiracy between Uhuru Highway Development LTD, Central Bank of Kenya and Libyan Arab African Investment Co.K ...

  • New Cabinet Might Include MDC 5 Jul 2008 04:32 GMT
    ... PRESIDENT Robert Mugabe is any day now expected ... return from Egypt today. He attended an African Union summit there earlier this week. The ... hectic lobbies for the inclusion of Reserve Bank governor Gideon Gono and independent MP Jonathan Moyo, ...

  • Zimbabwe: New Cabinet Might Include MDC 5 Jul 2008 04:32 GMT
    ... PRESIDENT Robert Mugabe is any day now expected ... return from Egypt today. He attended an African Union summit there earlier this week. The ... hectic lobbies for the inclusion of Reserve Bank governor Gideon Gono and independent MP Jonathan Moyo, ...

  • Zimbabwe: Mugabe Set to Reshuffle Cabinet 5 Jul 2008 04:32 GMT
    ... AFTER storming back to power in a one-man election ... new team after his return from the African Union (AU) summit in Egypt today. The ... strong lobbies for Mugabe to include Reserve Bank governor Gideon Gono and independent MP Jonathan Moyo, ...


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• The Fourth of July And BIG Ideas---An Open Letter to John McCain And Barack Obama (Joe Rothstein's Commentary) [01 Jul 2008 - 17:53]
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Bank Types News

• Peter Muise sees opportunities ahead as he takes over First Citizens Federal Credit Union [06 Jul 2008 - 08:13]
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Central Banks News

• Governor of Central Bank to attend Oireachtas Finance Committee [06 Jul 2008 - 14:27]
• Central Bank Governor to attend Oireachtas Finance Committee [06 Jul 2008 - 14:26]
• Leumi sees little effect from central bank forex manuever [06 Jul 2008 - 09:49]
• Central Bank descends on staff [06 Jul 2008 - 04:48]
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Currency News

• Pak rupee hits record low at 70 per dollar [06 Jul 2008 - 10:26]
• Pakistani rupee hits record low at 70 per dollar [06 Jul 2008 - 09:28]
• Man hides pound of cocaine in underwear [06 Jul 2008 - 08:02]
• Peso drops on inflation; Korean won dips [06 Jul 2008 - 07:34]
• Forrest Griffin upsets Rampage Jackson to win 205-pound title at UFC 86 [06 Jul 2008 - 07:30]
• Reliance Money and Riyada Consulting launches new company in Saudi Arabia, to raise Riyal 200 million [06 Jul 2008 - 06:52]
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IMF

• Close unregulated investment schemes, warns IMF [06 Jul 2008 - 04:52]
• Zambia: IMF approves new poverty reduction plan [05 Jul 2008 - 18:27]
• IMF's Mission Cuts its Georgian Representation [05 Jul 2008 - 07:58]
• Press Release: Statement of an IMF Mission at the Conclusion of the Staff Visit to Nepal  [05 Jul 2008 - 05:31]
• Press Release: IMF Executive Board Reviews Fund's Income Position and Sets Lending Rate for FY2009  [05 Jul 2008 - 05:31]
• Public Information Notice: IMF Executive Board Concludes 2007 Article IV Consultation with Antigua and Barbuda  [05 Jul 2008 - 05:31]
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World Bank News

• Palau Gets World Bank Help To Regulate Oil/Gas Search [06 Jul 2008 - 06:33]
• The Guardian uncovers a 'secret' World Bank biofuel report [06 Jul 2008 - 05:31]
• World Bank Supports Health Sector [06 Jul 2008 - 04:49]
• World Bank report: Biofuels force food prices rise by 75% [06 Jul 2008 - 04:46]
• File: World Bank offers India loan to save tigers [06 Jul 2008 - 03:28]
• Grim findings in World Bank's biofuel report [05 Jul 2008 - 12:25]
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Banking Organizations News

• Treasury wants money back from Bank of Israel heads [06 Jul 2008 - 15:28]
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• U.S. Treasury introducing debit card to Social Security recipients [05 Jul 2008 - 19:28]
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Banking Regulation News

• INDONESIA TO HOST ANTI-MONEY LAUNDERING MEETING [06 Jul 2008 - 09:52]
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