Tag Archives: Central bank
By Binyam Mesfin, Addis Fortune opinion Since the 1994 opening of the financial sector, Ethiopian banks have enjoyed high profits and steady growth. Even government-owned banks, such as the Commercial Bank of Ethiopia (CBE), have managed to drag themselves out … read more »
Posted in Article, Djibouti, East Africa, Eritrea, Ethiopia, Op-ed
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Tagged Addis Fortune, Automated teller machine, Business, Central bank, Commercial Bank of Ethiopia, Cyprus, Ethiopia, IndepthAfrica, Order of the British Empire
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Adewale Stephen Millions of workers in Nigeria look up to their union leaders to organise them to protect their rights. But recent events show that unionists are fast losing the confidence of the masses When the controversial Central Bank Governor … read more »
Posted in Article, Nigeria, West Africa
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Tagged Central bank, Congress for Progressive Change, Delta State, IndepthAfrica, Nigeria, Nigeria Labour Congress, NLC, Sanusi Lamido, Trade Union Congress
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The topic is probably the least that Zimbabweans want to hear about and justifiably so. With the Zimbabwean dollar in free fall, the usefulness of money for all its basic functions such as medium of exchange, unit of account and … read more »
Posted in Addmore Zhou, Article, Columnist, Southern Africa, Zimbabwe
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Tagged Central bank, Common Monetary Area, IndepthAfrica, Robert Mugabe, South Africa, South African rand, United States, Zimbabwe, Zimbabwe African National Union Patriotic Front
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opinion Sanusi Lamido Sanusi’s nomme de guerre may well be Mr. Controversy. The Central Bank Governor of the Federal Republic of Nigeria may not be deliberately courting rancor but somehow he manages to be tailed by storm at every turn. … read more »
Posted in Article, News, Nigeria, West Africa
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Tagged CBN, Central bank, Chancellor of the Exchequer, Federal Reserve Bank, IndepthAfrica, Lamido Sanusi, Nigeria, Olusegun Obasanjo, Sanusi
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by Tope Fasua My ‘childhood’ friend, Richard Ogunmodede, now a ‘big man’ at First Bank, used to invite me to the banks’ Annual General Meeting parties at the Hilton, Abuja (I must ask him why he stopped!). The invites provided … read more »
Posted in Article, News, Nigeria, West Africa
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Tagged Central bank, Central Bank Nigeria, IndepthAfrica, Islamic Bank of Britain, Islamic banking, London, Nigeria, Sanusi, Sanusi Lamido
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Nigeria’s naira currency eased further against the dollar on the interbank market on Wednesday, to its weakest level since Dec. 29, as demand for the dollar outpaced supply, traders said on Wednesday. The naira was trading at 163.05 to the … read more »
South Africa’s rand hit a fresh six month low against the dollar early on Thursday before recouping some of its losses but could resume a slide towards 8.6 as Europe’s debt woes drive investors away from emerging market assets to … read more »
Posted in Business, Economy, South Africa, Southern Africa
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Tagged april, Basis point, Central bank, Emerging markets, Gill Marcus, IndepthAfrica, South Africa, Thursday, Wednesday
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The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – - – - – EVENTS: MAURITIUS – Mauritius to release its annual average inflation rate . Inflation slid … read more »
Posted in Business, Economy
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Tagged afria travel, Central bank, European sovereign debt crisis, Friday, Indepth Africa Magazine, IndepthAfrica, india south africa, Jakaya Kikwete, map africa, Monday, news, Seychelles, South Africa, travel to africa, United States
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The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. EVENTS: ZAMBIA – Central bank sells 91-, 182- and 364-day Treasury bills at auction. SEYCHELLES – March inflation data … read more »
Posted in Business, Economy, News
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Tagged Africa news, African news, Central bank, Indepth Africa Magazine, IndepthAfrica, Kenya, Nigeria, Tanzania, Uganda, United States Treasury security, Wednesday
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The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. EVENTS: BOTSWANA-Central bank to sell 14-day certificate Treasury bills GLOBAL MARKETS Asian shares rose on Tuesday on the back … read more »
Posted in Business, Economy, News
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Tagged Africa news, African news, Central bank, Indepth Africa Magazine, IndepthAfrica, Kenya, Monday, Nigeria, South Africa, Uganda, United States
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Harare – Zimbabwe’s central bank said on Wednesday it has given five under capitalised banks two weeks to raise cash or face closure, after several banks were forced to shut because of the economic crisis. At the end of last … read more »
Posted in News, Southern Africa, Zimbabwe
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Tagged Central bank, Gideon Gono, Indepth Africa, Indepth Africa Magazine, Indepth Africa Magazine, IndepthAfrica, Morgan Tsvangirai, Reserve Bank of India, Robert Mugabe, Zimbabwe
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Egypt’s central bank has tightened its rules for importers who want to transmit funds, a move analysts say seems designed to close a loophole that has allowed businessmen to shift capital abroad without bringing goods into Egypt. Egypt’s central bank … read more »
Posted in Business, Economy
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Tagged bank, Capital Economics, Central bank, Egypt, Egyptian pound, Federal Reserve System, Foreign exchange reserves, Indepth Africa, Indepth Africa Magazine, IndepthAfrica, London
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Food, transport and energy prices went up in Rwanda’s towns in December, pushing the year-on-year urban inflation to 8.34 percent from 7.39 percent in November, data showed on Sunday. Food and non-alcoholic beverage prices, which have a 35.38 percent weighting … read more »
Posted in Business, Economy
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Tagged Central bank, East Africa, Indepth Africa, Indepth Africa Magazine, Indepth Africa Magazine, IndepthAfrica, Kenya, percentage, Rwanda, Tanzania, Uganda
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Ugandan President Yoweri Museveni refused to yield under pressure to striking local traders demanding the authorities direct banks to stop raising interest rates, as retailers in the capital locked up their shops for a second day. Museveni, whose administration cracked … read more »
The Kenyan shilling lost ground against the dollar in the first trading day of 2012 on thin corporate and interbank demand for the U.S. currency, and traders expected the central bank to intervene to stem a further slide of the … read more »
Egypt’s central bank said it would ask for 14 billion Egyptian pounds in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.75 percent. The central bank introduced the weekly repo agreements in March last … read more »
December 29, 2011 by benim
A Tanzanian 10-year Treasury bond auction was hugely undersubscribed on Wednesday, with the central bank selling less than 5 percent of the amount of bonds on offer. The Bank of Tanzania had offered 20 billion shillings of the fixed-rate Treasury … read more »
Posted in Business, Economy
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Tagged Auction, bank, Central bank, European Central Bank, Indepth Africa, Indepth Africa Magazine, IndepthAfrica, percentage, Shilling, Tanzania, United States Treasury security
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Egypt’s central bank sold more 91-day treasury bills than originally offered at an auction on Sunday but trimmed the amount 266-day T-bills sold, the Finance Ministry said on its website. The bank sold 3 billion Egyptian pounds of 91-day bills … read more »
Posted in Business, Economy
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Tagged Central bank, Egypt, Egyptian pound, Finance minister, Finance Ministry, Hosni Mubarak, Indepth Africa, Indepth Africa Magazine, IndepthAfrica, Sunday, United States Treasury security
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Angola’s annual inflation slowed to a record-low 11.28 percent year-on-year in November from 11.44 percent in October, signalling the southern African oil producer was on track in its drive to attain price stability. The Banco Nacional de Angola (BNA), which … read more »
Posted in Business, Economy
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Tagged Angola, Central bank, Commercial bank, Indepth Africa, Indepth Africa Magazine, IndepthAfrica, Inflation, Monday, Monetary policy, November, October
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November 20, 2011 by benim
Nigeria’s central bank has reached the desired degree of stability for the country’s naira currency and does not have a cause to be concerned over inflation due mostly to recent stability in its core components, Governor Lamido Sanusi said on … read more »
Posted in Economy, Finance, News, Nigeria, West Africa
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Tagged breaking news, Central bank, East Africa, Indepth Africa Magazine, IndepthAfrica, IndepthAfrica Magazine, IndepthNigeria, IndepthSouthAfrica, Inflation, Lamido Sanusi, Nigeria, Nigeria news, North Africa, Pan African News, Sanusi, Southern Africa, United States, West Africa
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September 26, 2011 by benim
The Kenyan shilling extended its losses, hitting a new record low of 100.05 to the dollar on Monday weighed by greenback demand from the manufacturing sector compounded by banks covering their short dollar positions, traders said. The local currency has … read more »
Posted in East Africa, Economy, Finance, Kenya, News
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Tagged Central bank, Government, Indepth Africa Magazine, IndepthAfrica, IndepthGhana, IndepthMultimedia, IndepthNigeria, IndepthSouthAfrica, IndepthWorld, Kenya, Kenyan shilling, Monday, Money market, Nigeria, Nigeria news, Nigeria online, North Africa, Pan African News, Shilling, Southern Africa, West Africa
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September 8, 2011 by benim
Tripoli – Former Libyan leader Muammar Gaddafi sold more than 20% of Libya’s gold reserves, worth more than $1bn, in the final days of his regime, the country’s central bank governor said on Thursday. Qassem Azzoz said 1.7 billion dinars … read more »
September 5, 2011 by benim
South Africa’s rand started the week on the back foot against the dollar in early Monday trade, as the euro came under pressure and a bleak outlook for commodity-linked currencies clouded an already dim global growth picture. The rand is … read more »
Posted in Business, Economy, News, South Africa, Southern Africa
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Tagged Business, Central bank, Currency, Emerging markets, Investing, South Africa, South African rand, United States
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Nigeria’s recently nationalised Mainstreet Bank, formerly Afribank (AFRIBAN.LG), said on Tuesday it had paid the central bank back the 50 billion naira ($327 million) in intervention funding given in a 2009 bailout and the lender was now fully recapitalised. The … read more »
Posted in Business, Economy, News, Nigeria, West Africa
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Tagged About Africa, Afribank, Africa news, African History, African Maps, All Africa, Arab League, bank, Bank PHB, breaking news, Central bank, Central Bank of Nigeria, East Africa, Enterprise Bank, IndepthAfrica, IndepthGhana, IndepthMultimedia, IndepthNigeria, IndepthSouthAfrica, IndepthWorld, Nigeria, North Africa, Pan African News, Southern Africa, Spring Bank Farm, West Africa
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Nigeria’s central bank on Tuesday jacked up its main interest rate by 0.75 points to 8.75 percent, the fourth increase in six months in a move aimed at putting a lid on inflation. The bank’s governor, Sanusi Lamido Sanusi, told … read more »
His promises of not borrowing from Central Bank, slashing growth in broad money supply down below zero may not be deliverable Inflation ails the Ethiopian economy which undoubtedly is growing in spite of sharp differences over the size of the … read more »
Posted in East Africa, Economy, Ethiopia, News
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Tagged African Maps, All Africa, Arab League, breaking news, Central bank, Doctor of Philosophy, East Africa, Ethiopia, Finance, Foreign exchange reserves, Government, IndepthAfrica, IndepthGhana, IndepthMultimedia, IndepthNigeria, IndepthSouthAfrica, IndepthWorld, International Monetary Fund, Jonathan, Monetary policy, Nigeria, Nigeria news, Nigeria online, North Africa, Pan African News, Southern Africa, West Africa
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Lagos – Top Nigerian ex-bankers charged as part of a wide-ranging clean up and bailout of the industry in one of Africa’s largest markets have been re-arrested on fresh charges, an official said on Wednesday. “We have in our custody … read more »
Posted in Crime & Corruption, News, Nigeria, West Africa
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Tagged Africa news, African news, Bank PHB, breaking news, Cecilia Ibru, Central bank, Chief executive officer, Indepth Africa Magazine, IndepthAfrica, IndepthMultimedia, IndepthWorldIndepthNigeria, map of africa, News local news, newspapers, Nigeria, Oceanic Bank, Sanusi Lamido Sanusi, World news
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Abidjan – West Africa’s regional central bank has re-opened its operations in Ivory Coast and made arrangements to ensure adequate cash supply to private banks, an official told Reuters on Tuesday. “The BCEAO is open. It has made all arrangements … read more »
Posted in Cote d'Ivoire, Economy, Finance, News, West Africa
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Tagged Africa maps, Africa news, African news, African tribes, Alassane Ouattara, breaking news, Central bank, Central Bank of West African States, Côte d'Ivoire, Embassies and Consulates, Indepth Africa Magazine, IndepthAfrica, IndepthNigeria, IndepthWorld, Ivory Coast, Laurent Gbagbo, News local news, Reuters, West Africa, World news
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Libya’s central bank governor has surfaced after two weeks in the wilderness to confirm he has been in Istanbul, the Financial Times reported. Rumours have been rife about the actions of Governor Farhat Omar Bengdara, with some speculating he may … read more »
Posted in Libya, News, North Africa
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Tagged Africa maps, Africa news, African news, African tribes, Benghazi, breaking news, Central bank, Central Bank of Libya, Embassies and Consulates, Financial Times, Indepth Africa Magazine, IndepthAfrica, IndepthNigeria, Istanbul, Libya, Muammar al-Gaddafi, News local news, Unicredit, World news
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Nigeria wants to establish itself as the African hub for Islamic banking and is working on a regulatory framework to try to emulate the success of the industry in Malaysia, Central Bank Governor Lamido Sanusi said. Nigeria is home to … read more »
Posted in Business, Economy, News, Nigeria, West Africa
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Tagged Africa maps, Africa news, African news, African tribes, breaking news, Central bank, Embassies and Consulates, Indepth Africa Magazine, IndepthAfrica, IndepthNigeria, Islam, Islamic banking, Islamic economic jurisprudence, Malaysia, Mohammed Lawal, Muslim, News local news, Nigeria, World news
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