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Latest Africa Central Bank News

  • FOREX - AUSTRALIAN DOLLAR OPENS SHARPLY LOWER - OCT 8, 2008 8 Oct 2008 05:34 GMT
    ... SYDNEY, Oct 08, 2008 (AsiaPulse via COMTEX) -- The Australian ... dollar was sold off alongside the South African rand, the Brazil real, the New Zealand ... is ahead of the curve than other central banks in supporting the economy," Mr Rothfield said. "They ...

  • Confidence up - slightly 8 Oct 2008 05:33 GMT
    ... Summit TV speaks to Cees Bruggemans about the FNB Consumer ... Cees Bruggemans is chief economist at First National Bank. Cees, we’ve seen a five-index point recovery ... like to wait to see the international central banks leading - this week probably the Bank of ...

  • NSE okays six banks for N.6trn intervention fund 8 Oct 2008 05:18 GMT
    ... N.6trn intervention fund The Council of the Nigerian Stock Exchange after a long meeting yesterday ... that the plan would also involve the Central Bank of Nigeria and market operators including ...

  • Investors watch as Turkish, global markets walk tightropes 8 Oct 2008 05:18 GMT
    ... and commodity prices rallied after the Australian central bank slashed its benchmark cash rate by 100 ... single cut since 1992. Investors hoped that central banks in Europe and the United States ... the index was reformulated in 2007, while Egypt's main index fell 16 percent to erase ...

  • Panic grips Gulf investors 8 Oct 2008 05:18 GMT
    ... the biggest percentage loss was reported in Egypt, where the key index plummeted by more ... quoted Sheikh Salem Abdul-Aziz Al-Sabah, the country’s central bank governor, as saying that local banks were ... a coordinated push by the world’s leading central banks to cut interest rates. Before 1 ...

  • Panicked Arab stock markets plunge, Israel gains 8 Oct 2008 04:53 GMT
    ... the biggest percentage loss was reported in Egypt, where the key index plummeted by more ... in the past three days despite the central bank injecting tens of millions of dollars ...

  • For miners, credit pipeline is tighter, but still flowing 8 Oct 2008 04:47 GMT
    ... Among smaller players in the industry, predictions have been ... the United States and coordinated efforts by central banks, stock markets have continued to plunge, suggesting that ... become the biggest open-pit copper mine in Africa, producing 172,000 tons of copper annually when ...

  • Nigeria safe from global financial crisis - World Bank 8 Oct 2008 04:35 GMT
    ... | Nigeria safe from global financial crisis - World ... is coming barely one month after the Central Bank of Nigeria (CBN) had similarly, during its latest Monetary ... U.S. banking system. Presently, Nigeria and South Africa which have the largest economies in Africa have ...

  • Global credit crisis: Senate wants FG to pay debts owed local contractors to reduce crunch 8 Oct 2008 04:35 GMT
    ... credit crisis and its likely impact on Nigeria, 19 senators are to ask Federal Government ... both minister of finance, Usman Shamshudeen, and Central Bank of Nigeria (CBN) governor, Chukwuma Soludo, ...

  • US likely to drag local market back down 8 Oct 2008 04:35 GMT
    ... The Australian share market has received a negative lead ... and a concerted interest rate cut by central banks to face a global financial crisis. ... But prices picked up on Tuesday after Libya called on crude producers to cut output ...

  • How risk tolerance influences banks' loan obligations, interest rates 8 Oct 2008 04:35 GMT
    ... the rate of interest, said to be on the high side prior to the Central Bank of Nigeria’s (CBN) intervention, which is yet to yield a major impact on banks’ interest rates. ...

  • Emirates is looking to spend 8 Oct 2008 04:34 GMT
    ... in tune with the US, the emirates’ central bank governor Sultan Al Suwaidi said late last month ... estate including in far-flung corners such as Africa, the Balkans, Central America and the Caucasus. ...

  • Local Authors: Gettysburg pictures prove time changes all 8 Oct 2008 04:01 GMT
    ... School pictures may not be history at its best. ... have changed, many have not. The First National Bank building, for example, may have changed its name ... and Springs avenues, was used to educate African American children. Today, the building functions as ...

  • Oil rebounds on hints of Opec output cuts 8 Oct 2008 03:32 GMT
    ... Oil rebounds on hints of Opec output cuts NEW ... and a concerted interest rate cut by central banks to face a global financial crisis. ... slowing demand. But prices picked yesterday after Libya called on crude producers to cut output ...

  • 7:55amDollar down for 11th straight session 8 Oct 2008 02:49 GMT
    ... THE dollar has opened weaker for the eleventh successive session, ... dollar was sold off alongside the South African rand, the Brazil real, the New Zealand ... is ahead of the curve than other central banks in supporting the economy," Mr Rothfield said. "They ...


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