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Rwanda: Central Bank Maintains Key Repo Rate at 4.5% to Encourage Lending
[New Times] The central bank has maintained its key repo rate at 4.5 per cent aimed at encouraging continued lending to the private sector to support economic recovery following the Covid-19 pandemic which has caused economic slowdown.
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Source: allAfrica.com
Kenya: CBK Keeps Base Lending Rate Unchanged
[Capital FM] Nairobi -- The Central Bank of Kenya has retained its benchmark lending rate at 7 percent noting that the current monetary policy measures remain appropriate.
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Source: allAfrica.com
Ghana: BoG Secures $1bn to Boost Dollar Liquidity ... Maintains Policy Rate At 14.5 Per Cent
The Governor of the BoG, Dr Ernest Addison, who said this in Accra yesterday during the 94th Monetary Policy Committee (MPC) news conference to announce a new policy rate, said the bank had concluded negotiations with the U.S Federal Reserve to that
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Source: allAfrica.com
‘Zim printing $1bn weekly to buy gold’
BY TAURAI MANGUDHLA FORMER legislator and Monetary Policy Committee member Eddie Cross has made sensational claims that the Reserve Bank of Zimbabwe (RBZ) was printing $1 billion weekly mainly to buy gold. At the official rate of around 82, this translates to about US$12,2 million weekly and about
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Source: NewsDay Zimbabwe - Everyday News for Everyday People
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Public debt up to K5.5 trillion - The Times Group Malawi
Government’s insatiable appetite for borrowing persists, evidenced by a surge in total public debt stock by 32 percent to K5.5 trillion as at mid this year, representing 59 percent of gross domestic product (GDP). An Annual Public Debt Report from the Ministry of Finance’s Debt and Aid Management
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Kenya: Mombasa Hotels Take Up Measures to Survive Pandemic
Nairobi — Mombasa based Reef Hotel has now moved to offer free accommodation in the facility till end of June in order to survive the coronavirus
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Source: allAfrica.com
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Malawians stand with Kabambe | Malawi 24 - Malawi news
Malawians thronged the Lilongwe Magistrate Court premises this afternoon to show support for former Reserve Bank of Malawi Governor Dalitso Kabambe who has been charged with money laundering and office abuse. The group dominated by people clad in Democratic Progressive Party (DPP) colours marched
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Source: Malawi 24 | Malawi news
High Court Rebuffs Reserve Bank, ordered to amend submission case against PPDA
The High Court has ordered the Reserve Bank of Malawi (RBM) to amend its submission so it sues the right party in a case it brought to court challenging the decision of the tender Review Committee of the Public Procurement and Disposal of Assets (PPDA). PPDA ordered RBM to retender the supply of
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Source: Malawi Nyasa Times - News from Malawi about Malawi
Kenya Eyes Over U.S.$900 Million World Bank, IMF Loans for Economic Revival
[Nation] Kenya is expecting to receive more than Sh100 billion loans from the World Bank (WB) and the International Monetary Fund (IMF) beginning June, even as the country seeks to secure more debt suspension in its economic revival plan.
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Source: allAfrica.com
Tech firms post mixed fortunes in Covid times
Technology firms have been some of the biggest gainers during the lockdowns and restrictions that have arisen from Covid-19 pandemic.
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Source: Business Daily
Bus plunges into Kenya river - The Times Group Malawi
At least 23 people have drowned after a bus travelling to a wedding plunged into a flooded river in Kenya. Video footage shows the bus was swept away after the driver tried to cross fast-flowing water over a bridge in the Enziu River, about 200 kilometres (125 miles) east of the Kenyan
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Higher Education Woes - The Times Group Malawi
By Alick Ponje  Early next month, students at the Malawi University of Business and Applied Sciences (Mubas), who failed in one or more modules during this year’s examinations, will sit for supplementary ones. Eunice Tambula from the high-density Manje Township in Blantyre is in the dark regarding
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Ghana: Confidence in Economy Growing - BoG
[Ghanaian Times] There is growing confidence in the Ghanaian economy in view of the positive macroeconomic fundamentals and growth prospects, Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said.
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Source: allAfrica.com
Zimbabwe: Church Calls for Sanctions Removal
[The Herald] CHURCH leaders have called for the unconditional removal of the illegal financial sanctions imposed by Western countries on Zimbabwe as a result of land reform.
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Source: allAfrica.com
Nigeria economic growth picks up as oil and factory output rise | Fin24
Nigeria’s economic growth quickened in the first quarter as oil output started to recover and manufacturing production increased for the first time in a year.
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Source: https://www.news24.com
Ghana: Upward Trend in Inflation Rate Likely to Continue in Short-Term - First National Bank Ghana CEO
[Ghanaian Times] The Chief Executive officer (CEO) of First National Bank Ghana, Dominic Adu, has said year-on-year inflation rate in the country is expected to rise in the short-term with the recent hikes in petroleum prices.
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Source: allAfrica.com
Reserve Bank of Malawi introduces K5000 banknote
The Reserve Bank of Malawi has introduced a 5000 Malawi Kwacha Banknote.  The bank has also introduced an upgraded 2000 Kwacha Banknote. This was disclosed at a media briefing which took place in Lilongwe this afternoon. RBM Governor Dr. Wilson Banda said the new banknote will be released on
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Source: Malawi 24 | Malawi news
RBM’S K1 trillion transfer under spotlight - The Times Group Malawi
Reserve Bank of Malawi (RBM) wired money amounting to K1 trillion in a single day in June last year to various local commercial banks, Malawi News has learnt. The transfer took place on June 26, 2021, just a day before President Lazarus Chakwera was declared winner of the fresh presidential
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Rising Bad Loans, Slowing Credit Demand Create Major Challenges for India's Banking Sector | The Florida Star | The Georgia Star
Mounting nonperforming assets and a slowdown in credit demand are contributing to a major slump in India's banking sector that analysts say is not likely to improve anytime soon. Further, uncertainty over the banking sector intensified last week when the Reserve Bank of India, the central
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Source: The Florida Star
Kabambe spends second night in cooler | Malawi 24 - Malawi news
Former Reserve Bank of Malawi Governor Dalitso Kabambe will spend a second night in the cooler following his arrest on Monday. Kabambe, who is also a member of the opposition Democratic Progressive Party (DPP), appeared in court this afternoon where he was charged with two counts of abuse of
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Source: Malawi 24 | Malawi news
Kenya: Political Doubts Top Concern for Firms as Worries Over Increased Taxation Decline
[Capital FM] Nairobi -- Political uncertainties remain a major concern for many Chief Executive Officers (CEOs) even as worry over the business environment, increased taxation, and economic environment decline over time.
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Source: allAfrica.com
 Tembenu, DPP fight rages - The Times Group Malawi
By Serah Chilora Former minister of Justice and Constitutional Affairs Samuel Tembenu, who is also a member of Democratic Progressive Party (DPP) National Governing Council (NGC), has been removed from the party’s NGC WhatsApp group following his rebuking remarks after the party performed badly
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Russia Ukraine conflict forces Egypt's central bank raise interest rates | Africanews
Egypt's Central Bank raised its key interest rate Monday for the first time since 2017, citing inflationary pressures triggered by the coronavirus pandemic and Russia's war in Ukraine, which hiked oil prices to record highs.
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Source: Africanews | Latest breaking news, daily news and African news from Africa
Liberia: Central Bank of Liberia Expands MPC Membership to the Private Sector
[New Dawn] As it moves towards becoming the peoples bank
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Source: allAfrica.com
Private sector credit hits K1 trillion
Credit to the private sector from financial institutions maintained an upward trajectory in June, hitting K1.1 trillion, figures from the Reserve Bank of Malawi (RBM) show. The value grew by K100 billion within a month. In its June 2023 Monthly Economic Review issued on Wednesday, RBM says annual
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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi
Kabambe granted bail | Malawi 24 - Malawi news
Former Reserve Bank of Malawi (RBM) Governor Dr Dalitso Kabambe and three other suspects have been granted bail. Lilongwe Chief Resident Magistrate Patrick Chirwa has granted bail to the four today on condition that they each pay 5-million-kwacha bail bond and produce two million kwacha
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Source: Malawi 24 | Malawi news
Zimbabwe: RBZ Auction Sustains Stability, Targets 55 Percent Inflation Reduction By July
[New Zimbabwe] Reserve Bank of Zimbabwe (RBZ) foreign exchange auction system has managed to sustain stability nearly a year since its introduction amid targets to achieve a 55% yearly inflation reduction by July.
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Source: allAfrica.com
President Buhari appoints Doyin Salami as Chief Economic Adviser
"The Chief Economic Adviser to the President is expected to address all issues on the domestic economy and present views on them to the President." The post President Buhari appoints Doyin Salami as Chief Economic Adviser appeared first on Premium Times Nigeria.
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Source: Premium Times - Nigeria leading newspaper for news, investigations
Zimbabwe: RBZ Clears U.S.$200m Auction Forex Backlog
[The Herald] The Reserve Bank of Zimbabwe (RBZ) says it has cleared the nearly US$200 million ring-fenced foreign currency backlog on the auction system.
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Source: allAfrica.com
Fuel inflation hits 12-month high
Data from the Central Bank of Kenya (CBK) shows that fuel inflation rose for the fourth straight month to hit 8.6 per cent in July, up from 4.5 per cent in March.
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Source: Business Daily
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