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Latest Central Africa Banking News

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  • Press Release: IMF Executive Board Completes Fifth Review Under the PRGF Arrangement for the Central African Republic and Approves US$18.5 Million Disbursement  8 Dec 2009 00:40 GMT
    ... Review Under the PRGF Arrangement for the Central African Republic and Approves US$18.5 Million Disbursement Press Release ... claims on the government by the commercial banking system. The Executive Board also approved the ...

  • IMF Executive Board Completes Fifth Review Under the PRGF Arrangement for the Central African Republic [press release] 10 Dec 2009 01:16 GMT
    ... has completed the fifth review of the Central African Republic’s economic performance under a program supported by ... claims on the government by the commercial banking system. The Executive Board also approved the ...

  • 14 Percent Rwandans Access Formal Banking 10 Dec 2009 12:13 GMT
    ... Kigali — About 14 percent of Rwandans have access to formal banking, according to Francois Kanimba, the Governor of ... the official opening of the four-day, East African Financial Exhibition at Expo grounds in Gikondo ...

  • Resilient Economy Props Up Local Banking Sector 10 Dec 2009 22:09 GMT
    ... Access Bank of Nigeria, EcoBank from West Africa, First National Bank (FNB) from Africa's biggest ... across Nigeria, eight other African countries like Burundi, Cote D'Ivoire, Democratic Republic of Congo, Ghana, ... independent regional banking group in West and Central Africa, serving wholesale and retail customers. On the ...

  • African Markets - Factors to watch on Dec 16 16 Dec 2009 05:35 GMT
    ... market moves and political events may affect African markets on Wednesday. The Australian dollar fell ... for the Indian Ocean archipelago's recovering economy. Rwandan opposition presidential candidate Bernard Ntaganda denied that ... on Monday. A Chinese fund has paid Guinea's ruling junta a $100 million deposit to ...

  • EU in the world : Development : Commission approves € 230 million to cushion the impact of the economic crisis in 13 African and Caribbean countries 16 Dec 2009 11:54 GMT
    ... impact of the economic crisis in 13 African and Caribbean countries The European Commission approved the first ... V-FLEX mechanism, at their request, are Benin, Burundi, the Central African Republic, the Comoros, Ghana, Grenada, Guinea Bissau, ...

  • Commission approves € 230 million to cushion the impact of the economic crisis in 13 African and Caribbean countries 16 Dec 2009 18:57 GMT
    ... impact of the economic crisis in 13 African and Caribbean countries The European Commission approved the first ... V-FLEX mechanism, at their request, are Benin, Burundi, the Central African Republic, the Comoros, Ghana, Grenada, Guinea Bissau, ...

  • Country, IFC Enter Currency Swap Deal 14 Dec 2009 19:24 GMT
    ... Kigali, Dec 14, 2009 (East African Business Week/All Africa Global Media via COMTEX ... financing is set to pick up in Rwanda following a currency swap deal signed last week ... by entering into swaps with major international banks. Currently, there are no banks in Rwanda ...

  • African Markets - Factors to watch on Dec 15 15 Dec 2009 06:14 GMT
    ... market moves and political events may affect African markets on Tuesday. The dollar steadied on Tuesday ... The depth of write-downs at Nigeria's rescued banks raises questions about the health of some ... stronghold of a local uprising in western Congo that has prompted around 145,000 people to flee ...

  • Commission approves '¬ 230 million to cushion the impact of the economic crisis in 13 African and Caribbean countries 15 Dec 2009 11:42 GMT
    ... impact of the economic crisis in 13 African and Caribbean countries The European Commission approved the first ... V-FLEX mechanism, at their request, are Benin, Burundi, the Central African Republic, the Comoros, Ghana, Grenada, Guinea Bissau, ...

  • Africa's increasing importance in energy security affairs 16 Dec 2009 00:42 GMT
    ... "working hard to lock in" investments in Africa, Central Asia and Venezuela, Montalbano told OilPrice.com. ... Earlier this year, China announced a $25-billion loan to Russian firms in return for a ... years ago and has a "fairly weak" banking system and industry, Montalbano maintained. While the country ...

  • Africa´s Increasing Importance in the Great Geopolitical Game 16 Dec 2009 08:11 GMT
    ... Africa´s Increasing Importance in the Great Geopolitical Game ... Earlier this year, China announced a $25-billion loan to Russian firms in return for a ... years ago and has a "fairly weak" banking system and industry, Montalbano maintained. While the country ...

  • Major Powers Scramble for Energy Security in Africa's Resources 14 Dec 2009 19:34 GMT
    ... “working hard to lock in” investments in Africa, Central Asia and Venezuela, Montalbano told OilPrice.com. ... Earlier this year, China announced a $25-billion loan to Russian firms in return for a ... years ago and has a “fairly weak” banking system and industry, Montalbano maintained. While the country ...

  • Africa rising 14 Dec 2009 16:14 GMT
    ... As Africa’s economies continue to grow, opportunities for collaboration ... past few years the rise of the ­banking and insurance sectors, the ­unprecedented growth in ... those heavily reliant on agriculture such as Rwanda and Burkina Faso, growth is expected to ...

  • Technical meeting held for smooth introduction of Eco 14 Dec 2009 17:50 GMT
    ... of the Technical Committee for the West African Monetary Zone (WAMZ) on Monday held a ... currency. The states are The Gambia, Ghana, Guinea, Nigeria and Sierra Leone with Liberia expressing ... to merge, giving all of West and Central Africa a single stable currency. The launch ...


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