The launch of the Development Bank of Namibia in April this year heralds in a change in financing development projects in the country.

RESERVE Bank of Zimbabwe (RBZ) governor Gideon Gono has refunded banks convicted and fined for violating exchange control regulations over $6 billion, it has been established.

The Central Bank of Nigeria (CBN) as well as banks have defied the on-going nationwide strike called by the Nigeria Labour Congress (NLC) to protest against the increase in the pump price of fuel by trading in foreign exchange. Also, the Nigerian Stock Exchange (NSE) yesterday in Lagos explained that it is not opposing the on-going industrial action by allowing trade in stocks on its floor.

Bank governor strikes cautious note, warning of inflation breaching target

Awash International Bank S.C (AIB), the first private bank in Ethiopia, opened last Saturday its 30th branch at a busy location in Tekle Halmanot, Mercato. In a remark made at the inaugural ceremony, attendee by Ato Hambissa Wakweya, chairman of AIB's board of directors, officials of the Bank and invited guests. AIB president, Ato Leikun Berhanu, emphasized the important role that the Bank was ...

The offer of 10 billion shares to the investing public by Guaranty Trust Bank PLC will attract unprecedented buy-out by investors when the offer opens.

Adamawa State government has paid up the sum of N100 million-share capital for the establishment of Adamawa Houses and Savings Limited, a primary mortgage institution which is expected to commence full operations by the end of June.

The Kwara State government in its bid to strengthen agriculture and make it one of the main stay of the state economy has gone to financial institutions, seeking their support for active farming.

There are strong indications that the price of Zenith Bank Plc Initial Public Offering (IPO) will double few weeks after the offer has been completed and listed on the floor of Exchange.

THE vexed issue of finding a head for the Agricultural Bank of Namibia (Agribank) should be a done matter come June 30 this month, according to the bank's board chairman Dr Frans Stellmacher.

Triumphbank Plc has announced a reshuffle in the management team of the bank with the appointment of a seasoned banker, Mr. Oyewole Oluwatosin as the new acting managing director.

Bankers Association of Zambia (BAZ) chairman Likolo Ndalamei has observed that high corporate tax of 35 per cent was not conducive for doing business in the banking sector in the country.

BARCLAYS Bank managing director Margaret Mwanakatwe has said that banks could not support small-scale mining because it is a high-risk area.

ASSOCIATION for Microfinancing Institutions of Zambia (AMIZ) executive director Webby Mate has said the strength of financing institutions is key to attracting external funds for development projects.

The Reserve Bank of Zimbabwe might be forced to take over commercial banks which are struggling to pay back funds loaned to them under the Troubled Bank Fund (TBF).

The 'Donde' Act has been scrapped. Treasury yesterday completely deleted sections controlling interest rates on loans and deposits.

The Government has been undertaking reforms in the financial sector meant to address poor governance and weak market structure by establishing a new regulatory framework and enhancing competitiveness.

The government yesterday unveiled a comprehensive reform package for the Financial Sector meant to achieve affordability, stability, efficiency and access to additional funding by the public.

The controversial coffee farmers bank is set to wind up after it was denied the nod to take off.

Although acclaimed as a success story today, the Government bond programme was a brainchild of the Kanu regime.

The main changes in the non-tax revenue Act were mainly targeted increasing the efficacy of the KRA. In brief the areas touched on included:

YESTERDAY THE Minister of Finance Gerald Sendaula explained that strong forex inflows from investors, donors and exports coupled with a weak US dollar caused an almost 10 per cent appreciation in the value of the shilling last year.

The central bank has begun loosening up on the tight interest rate regime allowing the Treasury Bill (TB) yield to gradually increase in a bid to attract more investors as it gets more desperate to wipe off the excess liquidity in the market.

This week opened with the Reserve Bank of Zimbabwe (RBZ) continuing to float more treasury bill (TB) tenders.

Kanu has faulted the planned Sh40 billion National Health Insurance Scheme.