Wednesday, 26 April 2017

Category: Finance

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  • Rand slides on Standard & Poor credit rating cut

    Rand slides on Standard & Poor credit rating cut

    The rand fell more than 2 percent on Monday to its weakest in almost three months after S&P Global Ratings cut the country’s credit score to sub-investment grade with a negativ ...

  • WorldRemit to set up Nairobi office

    WorldRemit to set up Nairobi office

    The UK-based money transfer company said that the Nairobi office will focus on growing the WorldRemit brand and setting the stage for cross-border mobile money transfer services wi ...

  • African focused investment firm wins big in Angola

    African focused investment firm wins big in Angola

    African focused investment firm Quantum Global Group have been announced as the winners of the Global Banking and Finance Review award for Best Investment Company Angola 2016. The ...

  • Dollar loses 14-year peak

    Dollar loses 14-year peak

    The dollar stepped further away from a 14-year peak against a basket of currencies on Thursday, as investors locked in gains from its two-month-old rally after Donald Trump won the ...

Kwacha is world’s best performing currency of 2016

Kwacha is world’s best performing currency of 2016

Zambia's currency, the kwacha, is the world's best-performing currency of 2016, according to Bloomberg news agency’s report. It says that its value against the US dollar has risen ...

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Quantum Global Research Lab Head Joins African Development Bank

Quantum Global Research Lab Head Joins African Development Bank

Professor Kevin Urama is the new Senior Policy Advisor on Inclusive and Green Growth at the African Development Bank. He has left his post as head of the Research Lab at Swiss-bas ...

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Barclays Africa to shut down Nairobi office

Barclays Africa to shut down Nairobi office

The office was established in 2010 to offer Barclays subsidiaries in Africa technical support is said to have lost relevance in light of merging of operations with Absa to form Ba ...

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Drive to include more Africans in financial ecosystem

Drive to include more Africans in financial ecosystem

Ingenico Group, the global leader in seamless payment, has reached a strategic fifty-thousand terminals landmark to serve the unbanked population and becomes the indisputable Fina ...

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No recession for SA

No recession for SA

South Africa's economy will not slide into depression, Finance Minister Pravin Gordhan said on Thursday. He countered predictions by some economists that sharp currency weakness p ...

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Telkom Kenya in court over Sh1.7 bil. tender cancellation

Telkom Kenya in court over Sh1.7 bil. tender cancellation

Telkom Kenya has denied that it cancelled a Sh1.7 billion tender and forced a Kenyan firm affiliated to China's ZTE Corporation to employ a project manager who is at the centre of ...

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Frugality: The Foundation For Building Wealth

Frugality: The Foundation For Building Wealth

Brandon Hall in an April 2015 Personal Finance article entitled, A Case Against Frugality: Why Pinching Pennies is NOT the Best Path to Wealth, ranted on exactly that – “…The comm ...

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JSE reacts to developments in Finance Ministry

JSE reacts to developments in Finance Ministry

The Johannesburg Stock Exchange (JSE) has expressed concern at the removal of Finance Minister, Nhlanhla Nene, and the subsequent appointment a new minister. Nene’s removal was am ...

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SA consumers wary of interest rate hike

SA consumers wary of interest rate hike

South African consumers have been urged to resist the temptation to splurge on their bonuses this festive season but save amid the recent interest rate hike. Analysts said the rec ...

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IFC issues landmark green bond on JSE

IFC issues landmark green bond on JSE

The International Financial Corporation (IFC) has issued its first Rand-denominated domestic bond on the Johannesburg Stock Exchange, in a bid to assist the private sector address ...

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