http://www.essentialafrica.com/ea-drum-it/drum-banking EssentialAfrica Drum Banking en 60 http://makaangola.org/2012/05/bem-vindos-ao-hotel-talatona/?lang=en The Talatona Convention Centre (CCTA) is one example of the large-scale investments that Sonangol, the state oil company, has been making in Angol http://www.essentialafrica.com/ea-drum-it/drum-banking#10394 Wed, 23 May 2012 16:57:38 +0200 http://kivanews.blogspot.com/2012/05/passport-series-vibrant-culture-and.html Passport Series: Vibrant culture and microfinance pave a brighter future in Burkina Faso http://www.essentialafrica.com/ea-drum-it/drum-banking#10349 Mon, 21 May 2012 15:15:37 +0200 http://www.businessday.co.za/articles/Content.aspx?id=171667 Banks will have to ensure their systems are fast, oil companies cannot afford payments delays http://www.essentialafrica.com/ea-drum-it/drum-banking#10281 Tue, 15 May 2012 13:21:38 +0200 http://www.africareview.com/News/-/979180/1401078/-/g5j9owz/-/index.html The Malawi government has loosened its grip on the kwacha allowing it to freely float against major international currencies... http://www.essentialafrica.com/ea-drum-it/drum-banking#10160 Mon, 7 May 2012 17:25:37 +0200 http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:23186751~pagePK:34370~piPK:34424~theSitePK:4607,00.html The World Bank will support Benin’s effort to improve poor people’s access to basic services http://www.essentialafrica.com/ea-drum-it/drum-banking#10143 Fri, 4 May 2012 16:56:50 +0200 http://www.africareview.com/Business+++Finance/Foreign+investment+into+Africa+surges+/-/979184/1399424/-/v1ntbx/-/index.html Foreign direct investment into Africa more than doubled over the last decade--it's largest ever share http://www.essentialafrica.com/ea-drum-it/drum-banking#10135 Fri, 4 May 2012 16:44:17 +0200 http://www.economist.com.na/markets/993-new-banknotes Bank of Namibia Governor, Ipumbu Shiimi announced on Thursday that the new series of banknotes has been gazetted on Tuesday, 24 April and will be issued into circulation on Tuesday, 15 May 2012. http://www.essentialafrica.com/ea-drum-it/drum-banking#10115 Thu, 3 May 2012 16:36:08 +0200 http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:23160372~menuPK:34463~pagePK:34370~piPK:34424~theSitePK:4607,00.html The World Bank’s Board of Executive Directors today discussed a new US$21 million Country Partnership Strategy (CPS) with Seychelles, http://www.essentialafrica.com/ea-drum-it/drum-banking#10114 Thu, 3 May 2012 16:33:33 +0200 http://www.economist.com/blogs/graphicdetail/2012/04/daily-chart-12 AFRICA is the continent where “mobile money”—monetary transactions on mobile phones http://www.essentialafrica.com/ea-drum-it/drum-banking#10027 Wed, 25 Apr 2012 17:27:25 +0200 http://af.reuters.com/article/commoditiesNews/idAFL5E8FN8T720120423 Somaliland has passed a law that formally establishes a central bank, and is now poised to pass another to set up commercial banks in a bid to attract foreign lenders to start operating in the self-declared country by 2013. http://www.essentialafrica.com/ea-drum-it/drum-banking#10001 Tue, 24 Apr 2012 08:55:29 +0200 http://www.iol.co.za/business/international/imf-approves-loan-disbursement-for-kenya-1.1278306 The IMF on Tuesday approved the disbursement of $110.9-million to Kenya under the country's three-year loan programme http://www.essentialafrica.com/ea-drum-it/drum-banking#9919 Wed, 18 Apr 2012 13:52:30 +0200 http://af.reuters.com/article/investingNews/idAFJOE83E01O20120415 Qatar National Bank (QNB), the Gulf state's largest bank, has acquired a 49 percent stake in Libya's Bank of Commerce and Development as part of the Qatari lender's aggressive expansion strategy. http://www.essentialafrica.com/ea-drum-it/drum-banking#9877 Sun, 15 Apr 2012 15:32:44 +0200 http://af.reuters.com/article/topNews/idAFJOE83900820120410?sp=true he United States should take the lead and break the long tradition of an American always heading the World Bank, Nigerian finance minister and a nominee for the top post Ngozi Okonjo-Iweala said on Monday. http://www.essentialafrica.com/ea-drum-it/drum-banking#9830 Tue, 10 Apr 2012 10:54:41 +0200 http://af.reuters.com/article/investingNews/idAFJOE83105D20120402 Nigeria's Diamond Bank fell 3.36 percent on Monday after posting a pre-tax loss of 16.26 billion naira for the full year 2011, compared with a 4.72 billion naira profit in 2010. http://www.essentialafrica.com/ea-drum-it/drum-banking#9727 Mon, 2 Apr 2012 16:08:18 +0200 http://af.reuters.com/article/southAfricaNews/idAFWLA543720120328?feedType=RSS&feedName=southAfricaNews&utm_source=dlvr.it&utm_medium=twitter The negative outlook reflects the potential for a downgrade if economic and social problems http://www.essentialafrica.com/ea-drum-it/drum-banking#9663 Wed, 28 Mar 2012 15:23:32 +0200 http://www.hrw.org/news/2012/03/27/imf-withhold-funds-angola Require Detailed Explanation of $32 Billion Accounting Gap http://www.essentialafrica.com/ea-drum-it/drum-banking#9661 Wed, 28 Mar 2012 15:20:14 +0200 http://af.reuters.com/article/topNews/idAFJOE82P00520120326 Emerging economies must be given a fair shot at leading the institutions at the heart of global finance or they will end up going their own way, a challenger for the top job at the World Bank said. http://www.essentialafrica.com/ea-drum-it/drum-banking#9604 Mon, 26 Mar 2012 10:27:22 +0200 http://english.ahram.org.eg/NewsContent/3/12/37274/Business/Economy/Egypts-central-bank-cuts-reserve-requirements.aspx The Central Bank of Egypt (CBE) has reduced the required reserve ratio (RRR) on domestic currency deposits, effective immediately, it said in a statement on Tuesday. http://www.essentialafrica.com/ea-drum-it/drum-banking#9534 Wed, 21 Mar 2012 10:09:05 +0100 http://af.reuters.com/article/investingNews/idAFJOE82502120120306 The Ugandan shilling fell 1.5 percent in the first half-hour of trading on Tuesday, extending a losing streak that has seen it fall more than 8 percent since policymakers took a second step to ease record high interest rates last week. http://www.essentialafrica.com/ea-drum-it/drum-banking#9306 Tue, 6 Mar 2012 12:24:16 +0100 http://mg.co.za/article/2012-02-17-public-spending-clouds-positive-outlook-for-namibian-economy/ The International Monetary Fund (IMF) has given Namibia a cautious and qualified thumbs up after its latest Article IV consultation. http://www.essentialafrica.com/ea-drum-it/drum-banking#9114 Fri, 17 Feb 2012 11:44:48 +0100 http://www.imf.org/external/pubs/ft/wp/2010/wp10194.pdf In East Africa, Kenya is more financially open, followed by Uganda then Tanzania, according to IMF http://www.essentialafrica.com/ea-drum-it/drum-banking#9083 Wed, 15 Feb 2012 12:19:50 +0100 http://www.iol.co.za/business/companies/first-national-bank-tanzania-officially-launched-1.1225945?showComments=true First National Bank, a division of FirstRand Bank Limited (FSR, on Thursday announced the official launch of First National Bank Tanzania Limited. http://www.essentialafrica.com/ea-drum-it/drum-banking#8897 Thu, 2 Feb 2012 11:05:46 +0100 http://mg.co.za/article/2012-01-30-african-states-can-help-each-other-fend-off-euro-fallout/ African countries can prepare for the impact of the eurozone crisis that threatens... http://www.essentialafrica.com/ea-drum-it/drum-banking#8832 Mon, 30 Jan 2012 13:20:15 +0100 http://www.iol.co.za/business/international/imf-opposes-kenya-proposal-to-cap-lending-rates-1.1216998 The International Monetary Fund opposes a proposal by parliamentarians in Kenya to cap interest rates... http://www.essentialafrica.com/ea-drum-it/drum-banking#8699 Fri, 20 Jan 2012 14:56:23 +0100 http://af.reuters.com/article/investingNews/idAFJOE80906H20120110 Malawi should devalue the official exchange rate further to between 230 - 250 against the dollar to address a foreign exchange shortage and stem a thriving black market, the International Monetary Fund said. http://www.essentialafrica.com/ea-drum-it/drum-banking#8506 Tue, 10 Jan 2012 13:25:25 +0100 http://www.bloomberg.com/news/2012-01-03/kenyan-shilling-heads-for-2-week-low-as-companies-seek-dollars.html Kenya’s shilling weakened, heading for its lowest close in more than two weeks, as companies and oil importers sought dollars after an extended holiday weekend over the New Year. http://www.essentialafrica.com/ea-drum-it/drum-banking#8396 Tue, 3 Jan 2012 13:33:31 +0100 http://english.ahram.org.eg/NewsContent/3/12/30823/Business/Economy/Jordan-and-Tunisia-join-EBRD.aspx Jordan and Tunisia have become members of the European Bank for Reconstruction and Development (EBRD) as part of the process of becoming recipients of EBRD investments, the bank announced today in a press release. http://www.essentialafrica.com/ea-drum-it/drum-banking#8395 Tue, 3 Jan 2012 13:32:11 +0100 http://www.modernghana.com/news/369339/1/sp-upgrades-nigerian-outlook-to-positive-due-to-re.html Nigeria's economic outlook has been upgraded from stable to positive by Standard & Poor's ratings agency, ... http://www.essentialafrica.com/ea-drum-it/drum-banking#8321 Thu, 29 Dec 2011 15:11:20 +0100 http://www.voanews.com/english/news/africa/US-Money-Transfers-to-Somalia-at-Risk-136181868.html The international aid organization Oxfam says thousands of Somali families could be cut off from much needed aid if a U.S. bank goes through with plans to discontinue its money-wiring services at the end of this month. http://www.essentialafrica.com/ea-drum-it/drum-banking#8250 Sun, 25 Dec 2011 20:58:19 +0100 http://www.nation.co.ke/business/news/CBK+raises+interest+rate+again+to+18pc+/-/1006/1282554/-/poq3ra/-/index.html More pain is in store for borrowers after the Central Bank of Kenya on Thursday announced yet another increase in its indicative lending rate. http://www.essentialafrica.com/ea-drum-it/drum-banking#7916 Fri, 2 Dec 2011 09:55:38 +0100 http://mg.co.za/article/2011-11-30-europe-banks-refuse-loans-to-africa-traders/ Some European banks are now refusing to lend to firms trading with Africa, ... http://www.essentialafrica.com/ea-drum-it/drum-banking#7883 Wed, 30 Nov 2011 15:31:35 +0100 http://www.iol.co.za/business/international/moody-s-upgrades-botswana-s-outlook-1.1185985 Ratings agency Moody's upgraded the outlook on Botswana's A2 rating,..... http://www.essentialafrica.com/ea-drum-it/drum-banking#7809 Fri, 25 Nov 2011 14:34:27 +0100 http://www.iol.co.za/business/business-news/mozambique-satisfied-with-its-top-performing-currency-1.1184267 MOZAMBIQUE was “happy” with the strength of the metical, the world’s best-performing currency this year against the dollar, and had no plans to weaken it, Finance Minister Manuel Chang said http://www.essentialafrica.com/ea-drum-it/drum-banking#7770 Wed, 23 Nov 2011 10:54:45 +0100 http://www.howwemadeitinafrica.com/african-banks-finally-waking-up-to-the-needs-of-smes-and-the-unbanked/13466/ We estimate that the banking penetration level in most of Sub-Saharan African markets (excluding South Africa) remains relatively low at about 10%. http://www.essentialafrica.com/ea-drum-it/drum-banking#7708 Mon, 21 Nov 2011 10:04:48 +0100 http://www.iol.co.za/business/international/swaziland-wins-loans-for-salaries-1.1179423 Cash-strapped Swaziland has pulled together enough loans from local banks and private businesses ... http://www.essentialafrica.com/ea-drum-it/drum-banking#7633 Wed, 16 Nov 2011 14:47:59 +0100 http://www.iol.co.za/business/international/kenya-shilling-firms-1.1178493 The Kenya shilling rose on Tuesday as banks sold dollars in early trade... http://www.essentialafrica.com/ea-drum-it/drum-banking#7613 Tue, 15 Nov 2011 11:51:12 +0100 http://ipsnews.net/news.asp?idnews=105822 Those without bank accounts, like Nare and her co-operative, can now send and receive cash via their mobile phones. http://www.essentialafrica.com/ea-drum-it/drum-banking#7608 Tue, 15 Nov 2011 11:24:54 +0100 http://af.reuters.com/article/topNews/idAFJOE7AA01B20111111 Angola's parliament on Thursday approved a law that forces overseas oil companies to pay their taxes and other transactions through the country's banking system, state news agency Angop reported. http://www.essentialafrica.com/ea-drum-it/drum-banking#7569 Fri, 11 Nov 2011 11:07:08 +0100 http://af.reuters.com/article/topNews/idAFJOE7A900T20111110 The International Monetary Fund on Wednesday approved a loan disbursement of $134.8 million to Angola ... http://www.essentialafrica.com/ea-drum-it/drum-banking#7546 Thu, 10 Nov 2011 13:13:48 +0100 http://af.reuters.com/article/ivoryCoastNews/idAFL6E7M82V920111108 Ivory Coast is aiming to secure an IMF-backed accord on debt relief in the second half of 2012,... http://www.essentialafrica.com/ea-drum-it/drum-banking#7515 Tue, 8 Nov 2011 13:57:37 +0100 http://www.iol.co.za/business/business-news/libya-s-central-bank-grapples-with-cash-shortage-1.1171298 Libya’s acute cash crisis was set to get worse and its banking system required a complete overhaul that would be guided by the International Monetary Fund (IMF)... http://www.essentialafrica.com/ea-drum-it/drum-banking#7458 Fri, 4 Nov 2011 09:35:47 +0100 http://www.businessdailyafrica.com/Corporate+News/IMF+grants+Kenya+more++forex+cover+from++/-/539550/1265156/-/qa1mw0z/-/ The International Monetary Fund (IMF) and the government have reached a tentative $250 million (Sh25 billion) deal to prop up the shilling over the next two years. http://www.essentialafrica.com/ea-drum-it/drum-banking#7413 Tue, 1 Nov 2011 07:09:06 +0100 http://www.iol.co.za/business/business-news/standard-bank-nigerian-unit-increases-profit-by-10-1.1167712 Standard Bank Nigerian unit increases profit by 10% http://www.essentialafrica.com/ea-drum-it/drum-banking#7372 Mon, 31 Oct 2011 09:42:51 +0100 http://www.mmegi.bw/index.php?sid=1&aid=937&dir=2011/October/Monday24 A lucrative stake in the country's first indigenous bank has emerged as the apple of discord in the ongoing conflict between Botswana Building Society (BBS) and one of its key shareholders, Bifm Capital. http://www.essentialafrica.com/ea-drum-it/drum-banking#7208 Tue, 25 Oct 2011 15:10:25 +0200 http://www.businessweek.com/news/2011-10-24/uganda-to-keep-raising-rates-until-inflation-starts-to-slow.html Uganda’s central bank will continue raising interest rates until “inflation is clearly on a downward trajectory,” said Adam Mugume, the bank’s executive director of research. http://www.essentialafrica.com/ea-drum-it/drum-banking#7198 Tue, 25 Oct 2011 10:50:25 +0200 http://www.iol.co.za/business/business-news/swaziland-in-loan-talks-with-egyptians-1.1159900 Delegates from Egyptian financiers Fidico, offering to bail out Swaziland with a R2.4 billion loan package, met in Manzini... http://www.essentialafrica.com/ea-drum-it/drum-banking#7073 Thu, 20 Oct 2011 14:20:47 +0200 http://www.iol.co.za/business/international/tanzania-secures-china-loan-1.1156806 Tanzania has secured a loan from China to build a $684 million gas-fired power plant... http://www.essentialafrica.com/ea-drum-it/drum-banking#6916 Fri, 14 Oct 2011 09:37:35 +0200 http://www.nation.co.ke/business/news/Uhuru+unveils+dollar+rule+to+rescue+Kenya+shilling+/-/1006/1255020/-/7cywrx/-/index.html Treasury on Thursday moved to calm the financial markets and shore up the shilling, which has depreciated rapidly this year. http://www.essentialafrica.com/ea-drum-it/drum-banking#6910 Fri, 14 Oct 2011 07:21:02 +0200 http://af.reuters.com/article/angolaNews/idAFL5E7LC0XB20111012 Angola's annual inflation slowed sharply in September ... http://www.essentialafrica.com/ea-drum-it/drum-banking#6867 Wed, 12 Oct 2011 14:08:19 +0200 http://www.iol.co.za/business/markets/currencies/kenya-shilling-hits-record-low-vs-dollar-1.1154823 Kenya's shilling sank to a record traded low of 105 per dollar on Tuesday as banks moved to close bets on a recovery... http://www.essentialafrica.com/ea-drum-it/drum-banking#6827 Tue, 11 Oct 2011 13:32:32 +0200