Uganda: Goals Test for Doves

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Uganda: Goals Test for Doves

[Monitor] Lady Doves need to better or match Simba Queens' result to be sure of topping Group A at the Caf Women's Champions League zonal (Cecafa) qualifiers in Nairobi.

Source: allAfrica.com

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Rwanda: Economy Shows Recovery Signs - BNR

[New Times] Among the sectors that are already picking up are trade, manufacturing and the financial sector.

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Source: allAfrica.com

Côte dIvoire (also known as the Ivory Coast), in western Africa on the Gulf of Guinea, is a little larger than New Mexico. Its neighbors are Liberia, Guinea, Mali, Burkina Faso, and Ghana. The country consists of a coastal strip in the south, dense forests in the interior, and savannas in the

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Source: Fact Monster - Black History

Rwanda: COVID-19 - How Recovery Funding Will Be Disbursed

According to a letter by the Central Bank to all the 16 local banks as well as Limited Liability Micro-finance institutions, the fund will be disbursed through local financial

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Source: allAfrica.com

Zimbabwe: Currency Collapse Forces RBZ to Ditch Forex System

The Reserve Bank of Zimbabwe (RBZ) has announced it will resume a floated foreign currency exchange rate system next Tuesday, which will be conducted on weekly

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Source: allAfrica.com

Mauritius Holds Some Rs 1 000 Billion in Foreign Currency, Indicates Finance Minister

The Finance Minister believes that in the context of this unprecedented crisis, this increase in official reserves will enable the country to deal with the economic shock of Covid-19 with more

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Source: allAfrica.com

Zimbabwe: RBZ Credit Lines to Govt Decline

[New Zimbabwe] Reserve Bank of Zimbabwe's (RBZ) credit extensions to the government have declined significantly indicating a departure from the past tendencies which overwhelmed the bank.

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Source: allAfrica.com

CLICO cuts debt to taxpayers to $1.6b - Stabroek News

(Trinidad Express) The Colonial Life Insurance Company (Trinidad) Ltd’s (CLICO) debt to the Government is now about $1.6 billion. The article CLICO cuts debt to taxpayers to $1.6b appeared first on Stabroek News.

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Source: Stabroek News - Guyana's Most Trusted Newspaper

Global Black Female Economist Cautiously Examines the Trend of ‘Big Governments Getting Bigger’ – Your Black World

In March, the United States government got a massive, multi-trillion-dollar injection from its central bank (the Federal Reserve) in order to stave off the industrial damage done by major business shutdowns due to

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Source: Your Black World

Tito Mboweni dismisses Tokyo Sexwale's missing 'Heritage Fund' claims

Mboweni and the South African Treasury and Reserve Bank rubbished claims made by Tokyo Sexwale about a secret fund that is being stolen from.

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Source: South African News | Online News | The South African

Laurent Gbagbo granted passport, will return to Ivory Coast this month | Africanews

Ivory Coast has finally issued passports to former president Laurent Gbagbo, which will allow him to return from exile in

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Source: Africanews | Latest breaking news, daily news and African news from Africa

Zimbabwe: Business Sector Studies High Court Ruling

The business sector has said it is still looking into the implications of the recent High Court ruling, which declared unconstitutional a Reserve Bank of Zimbabwe (RBZ) exchange control directive 'mutating' money held in foreign currency accounts into Zimbabwe dollar-denominated

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Source: allAfrica.com

Seychelles: Small Business Owners in Seychelles Share Mixed Reactions to Government Credit Line

Small business owners in Seychelles are having mixed reactions to a credit line facility put in place by the Central Bank to help micro, small and medium enterprises impacted by

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Source: allAfrica.com

Rwanda Rolls Out Rwf100 Billion COVID-19 Recovery Fund

Local businesses have been invited to apply for funding under the Economic Recovery Fund (ERF), a two-year facility established by the Government to accelerate the recovery of Covid-19 hit

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Source: allAfrica.com

Rwanda: Remittances to Rwanda Plummet By 16% in March

Remittance inflows to Rwanda decreased by 16 per cent in March from Rwf22.5 million, according to the latest data from the National Bank of Rwanda

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Source: allAfrica.com

Rwanda: Central Bank Chief Economist Thomas Kigabo Succumbs to Covid-19

[New Times] Prof. Thomas Rusuhuzwa Kigabo, the chief economist at the National Bank of Rwanda (BNR), succumbed to Covid-19 on Friday morning. He was 57.

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Source: allAfrica.com

Uganda: Banks Meet Over High Interest Rates On Loans

[Monitor] The chief executives of commercial banks have meet this morning to chart a way forward on the Bank of Uganda (BoU) directive to lower interest rates before government caps the interest rate that financial institutions can charge borrowers.

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Source: allAfrica.com

Bank of England says sorry for slave links as UK faces past

LONDON (AP) — The Bank of England has apologized for the slave links some of its past governors had with slavery, as a global anti-racism movement sparked by the death of George Floyd forces many British institutions to confront uncomfortable truths about their

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Source: Black News Channel - Black News Channel

Bitt globally awarded as Central Bank Digital Currency Partner | The Bajan Reporter

For its work on the DCash pilot, global fintech company, Bitt, was awarded as the 2021 Central Bank Digital Currency Partner by the industry's leading information resource - Central Banking Publications. The announcement came during the virtual Central Banking FinTech and RegTech Global Awards

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Source: The Bajan Reporter | Web’s Eye View of Barbados in the Caribbean

159 Percent Increase in Indian Bank Frauds Last Year | The Florida Star | The Georgia Star

India follows an April-March financial year. And until March 2019, there were 6,799 cases of fraud, involving INR 71,543 crore ($9.7 billion). By March 2020, the number had increased to 8,707, according to the recently published annual reportof India's banking regulator and central bank, the

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Source: The Florida Star

House expected to pass major money Bills tomorrow

JAMAICA is moving to improve administration of tax revenues and strengthen the governance structure of the country's central bank, through the passage of two Bills tabled in the House of Representatives by Minister of Finance and the Public Service Dr Nigel Clarke.

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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com

What can you buy with Zimbabwe's new 50 dollar banknote? | Africanews

Worth only around US$0.60, the new 50-dollar note is insufficient to pay even for a loaf of bread. A situation that has revived memories of the hyperinflation the southern African nation experienced over a decade ago.

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Source: Africanews | Latest breaking news, daily news and African news from Africa

Fed Powell says new lending programs to launch by June 1

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the Fed lending programs for medium-sized businesses and state and local governments would begin operating by the end of this

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Source: Black News Channel - Black News Channel

Rwanda: Central Bank Maintains Repo Rate at 4.5%, Optimistic of Economy Picking Up

[New Times] The key repo rate is the maximum rate at which commercial banks invest their money at the central bank.

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Source: allAfrica.com

Zimbabwe: Reserve Money Growth in Check - RBZ

[The Herald] The Reserve Bank of Zimbabwe (RBZ) says reserve money growth was well within the monetary policy committee (MPC)'s target of 15 percent in the first quarter of this year, consistent with an average monthly inflation rise of 5 percent.

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Source: allAfrica.com

Financial sector heads for crisis - The Zimbabwe Independent

BY STAFF WRITER THE financial services sector is headed for a major crisis, with bankers now saying they are struggling to manage their balance sheets following the Reserve Bank of Zimbabwe (RBZ)’s decision to compel them to surrender excess liquidity. This makes uncertain banks’ paying interest on

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Source: The Zimbabwe Independent - The Leading Business Weekly

Central Bank tipped to cut policy rate, again

Central Bank tipped to cut policy rate, again

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Source: Business Daily

Rwanda: Banks Comfort Distressed Clients With Special Products

For example, in less than two weeks, Bank of Kigali's (BK), "Turikumwe," a special salary loan product, has recorded more than 2,000 online applications and 150 loan

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Source: allAfrica.com

EDITORIAL: Build robust Covid plan

EDITORIAL: Build robust Covid plan

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Source: Business Daily

Zimbabwe: Forex Earnings Defy Covid-19

[The Herald] ZIMBABWE's foreign currency earnings defied the disruptive negative impacts of the Covid-19 pandemic to register a 29 percent growth to US$4 billion in the first six months of this year, compared to US$3,12 billion achieved in the same period last year, the Reserve Bank of Zimbabwe

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Source: allAfrica.com

ECCB Wins Global Award For DCash Project - St. Lucia Times News

The Eastern Caribbean Central Bank (ECCB) has captured the Central Banking Publications FinTech and RegTech Global Award for its pioneering DCash Project. The FinTech and RegTech Global Awards celebrate the innovations and achievements of central banks and technology partners around the world, in

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Source: St. Lucia Times News Online - Breaking News & Daily News

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