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  • East African bloc sign common market treaty 22 Nov 2009 04:37 GMT
    ... East African Heads of State from left Presidents Yoweri ... Monetary Union being spearheaded by the European Central Bank in collaboration with the East African ...

  • Wall Street Systems Show of Strength in Middle East & Africa 18 Nov 2009 04:36 GMT
    ... services, today announces the signing of the Central Bank of Oman, and go-live at the ... the world's leading corporate treasuries and central banks, is the central banking system of choice in Europe, with around ...

  • African Markets - Factors to watch on Nov 23 23 Nov 2009 06:10 GMT
    ... Nov 23 (Reuters) - The following company announcements, scheduled economic ... market moves and political events may affect African markets on Monday. - - - - ... points on Firday, thanks to gains in banking and other stocks. NIGERIA OIL Nigeria renewed ...

  • CBK Set to Renew Push for Banks to Lower Lending Rates 18 Nov 2009 00:53 GMT
    ... set to renew its push for commercial banks to cut their lending rates to reflect ... rates to dip by a third, the Central Bank of Kenya is next week expected to ... does not reduce operating costs," said the Commercial Bank of Africa executive director Mike Bristow. An ...

  • Al-Aboodi sees huge potential in Africa 23 Nov 2009 00:31 GMT
    ... KHALED Mohammed Al-Aboodi is a development banker in a hurry. He is also part ... of a new generation of Islamic development bankers for whom substance perhaps takes priority over ... an interview, “the presence of Islamic commercial banks is very limited. You may find one Islamic bank ...

  • AU Secretariat 'Not Moving Fast Enough On African Integration' 17 Nov 2009 19:36 GMT
    ... An expert blamed the African Union (AU) secretariat on Sunday for delay ... of president we will have only one central bank governor, signaling that 52 central bank ...

  • UPDATE 1-Kenya 2009 growth to be 3 pct - cbank governor 20 Nov 2009 17:55 GMT
    ... LONDON, Nov 20 (Reuters) - Kenya's GDP growth is likely to ... to be 3 percent in 2009, Kenya's central bank governor said on Friday, and the ... a sovereign bond in 2010. The east African country has suffered along with the rest ...

  • UBA Opens in Gabon - Now in 14 African Countries 24 Nov 2009 04:30 GMT
    ... The pan-African financial services Group, United Bank for Africa ... African countries where UBA has full scale banking operations. The other countries being; Nigeria, Ghana, ...

  • African Markets - Factors to watch on Nov 16 16 Nov 2009 06:10 GMT
    ... Nov 16 (Reuters) - The following company announcements, scheduled ... market moves and political events may affect African markets on Monday. - - - - ... 0.4 percent higher at 1,710.88 points. Mauritius Commercial Bank (MCB) said on Friday its first-quarter ...

  • Bbumba asks banks to back enterprenuers 19 Nov 2009 21:53 GMT
    ... Minister Syda Bbumba has called on the banks to financially support the Small and Medium Enterprise ... base and it would be imperative if banking institutions extend financial incentives to support their ... Uganda’s Gross Domestic Product. Uganda in East Africa has the least number of domestic enterprenuers. ...

  • PREVIEW-Kenyan c.bank rate seen steady at next MPC meet 20 Nov 2009 11:54 GMT
    ... is widely expected to hold the key central bank rate at 7.75 percent at next week's ... could not afford further cuts because commercial banks have kept their rates high because of ... year of a total 75 basis points. Commercial bank rates have, however, not followed suit. 'The ...

  • SimbaNET Nigeria Launches iDirect-Based VSAT Service in Africa 16 Nov 2009 17:03 GMT
    ... Company to support advanced business operations and branch ... service provider and systems integrator based in Africa, has launched an iDirect network over Nigeria ... expand service to new verticals such as banking and insurance. iDirect is a world leader ...

  • Hungry for Opportunities, European Investors Eye Africa's Unlisted Firms 23 Nov 2009 14:00 GMT
    ... investors are hungry for shares in unlisted African firms and could provide the needed shot in ... The Nigerian bank crisis - in which banks were left holding toxic assets following a loaning ... would have added 300MW to the power-strapped east African nation's grid. 'The risks inherent in emerging ...

  • STOCKS NEWS AFRICA-Kenyan Safaricom up 6 pct on foreign interest 18 Nov 2009 17:16 GMT
    ... trading in Nigeria's Finbank, one of nine banks bailed out by the central bank, pushes the all-share index up 0.33 ... big prize for new entrants to Nigerian banking. It has no real legacy issues, is ...

  • African Markets - Factors to watch on Nov 18 18 Nov 2009 06:50 GMT
    ... Nov 18 (Reuters) - The following company announcements, scheduled economic ... market moves and political events may affect African markets on Wednesday. - - - - ... government bonds pared early gains after the central bank held rates steady. AFRICAN MARKETS For ...

  • Media Trust African of The Year Nominee to Be Named January 23 Nov 2009 12:12 GMT
    ... Abuja — The Advisory Board of the Daily Trust African of the Year award has concluded the ... of diverse professional background including public servants, bankers, journalists, scientist, human rights activists and philanthropist, ...

  • African Markets - Factors to watch on Nov 24 24 Nov 2009 06:10 GMT
    ... market moves and political events may affect African markets on Tuesday. - - - - ... investor caution, which set in after disappointing banks' earnings. NIGERIA BUDGET Parliament is expected to formally ... and management of the bourse. KENYA MPC Central Bank of Kenya's Monetary Policy Committee (MPC) ...

  • Uganda shilling rangebound vs dlr, lacks direction 24 Nov 2009 12:53 GMT
    ... a quiet market. At 1130 GMT, commercial banks posted the local unit at 1,869/79 against the U.S. ... All Uganda Bonds............. Uganda T-Bills.............. Uganda Benchmark............. Central Bank................ Ugandan Contributor Index.... Uganda Coffee Prices...... ... Kimball; Editing by ??) (For more Reuters Africa coverage and to have your say on ...

  • Uganda's Private Sector Gets Ready for the EAC [interview] 16 Nov 2009 17:35 GMT
    ... challenges as the country moves into the East African Community (EAC) Common Market Protocol come January 2010. ... with many proposals. These included manufacturers, lawyers, banks, engineers and farmers among others. What was missing ...

  • Kenya 2009 growth to be 3 pct -c.bank governor 20 Nov 2009 16:06 GMT
    ... LONDON, Nov 20 (Reuters) - Kenya's GDP growth is likely to ... to be 3 percent in 2009, Kenya's central bank governor said on Friday, and the ... bond in 2010. 'The AFDB says East Africa will manage 6 percent, Kenya is doing ...

  • Uganda's shilling little changed vs dollar 23 Nov 2009 09:37 GMT
    ... importers, dealers said. At 0715, leading commercial banks posted the local unit at 1,870/77 versus the U.S. ... All Uganda Bonds............. Uganda T-Bills.............. Uganda Benchmark............. Central Bank................ Ugandan Contributor Index.... Uganda Coffee Prices...... ... Editing by Toby Chopra) (For more Reuters Africa coverage and to have your say on ...

  • Kenya: Peace and security imperatives for women 19 Nov 2009 16:53 GMT
    ... and conflict in the three phases of Kenya’s electoral process – pre-election, election and post-election. ... The concepts of peace and security in Africa in general, and in Kenya in particular are closely ... Origin, Development and Resolution’ , in M. Banks (ed) Conflict in World Society: A New Perspective ...

  • African Markets - Factors to watch on Nov 19 19 Nov 2009 06:50 GMT
    ... Nov 19 (Reuters) - The following company announcements, scheduled economic ... market moves and political events may affect African markets on Thursday. - - - - ... of the 2010 budget, go to ZIMBABWE CENTRAL BANK Zimbabwe's parliament on Wednesday unanimously approved ...

  • Kenya shilling steady against the dollar in slow trade 16 Nov 2009 17:35 GMT
    ... At 0915 GMT, commercial banks quoted the local unit at Sh74.65/75, unchanged from Friday's ... deputy head of treasury at Bank of Africa. Dealers said the market was otherwise quiet, ... Moses Kiboi, head of trading at Citibank. Central Bank of Kenya said on Friday its ...

  • African Markets - Factors to watch on Nov 17 17 Nov 2009 06:30 GMT
    ... Nov 17 (Reuters) - The following company announcements, scheduled economic ... market moves and political events may affect African markets on Tuesday. - - - - ... Federal Reserve Chairman Ben Bernanke said the central bank was likely to keep rates at ...


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