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    14-Apr-2015 to 11:32

    Lesotho apex bank allays fears over torn money

    APA-Maseru (Lesotho) — The Central Bank of Lesotho (CBL) said Tuesday that money in all its forms is acceptable as a means for value exchange except for bank notes classified as mutilated in both the Lesotho and South African currencies.

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    10-Apr-2015 to 20:39

    Rwanda: Local govts faulted for under-utilized budget

    APA-Kigali (Rwanda) — Rwanda’s Parliamentary Standing Committee has criticized ministers and mayors for being “too slow” in the implementation of budget funds, after revealing that local governments have utilized less than 45 percent of development budget allocated to them.

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    01-Apr-2015 to 13:03

    Namibia: Finance minister allays fears about ballooning national debt

    APA-Windhoek (Namibia) — Namibian Finance Minister Calle Schlettwein on Wednesday allayed fears over the pace at which the country has been accumulating debt during the past three years, a situation that has raised concern about the long-term sustainability of government financial operations.

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    25-Mar-2015 to 20:13

    Malawi earmarks $20m to purchase maize grain

    APA-Lilongwe (Malawi) — The Malawian government said it will set aside almost K8.9billion ($20 million) from its 2015/16 National Budget to purchase maize grain from neighbouring countries to feed its people.

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    24-Mar-2015 to 15:54

    Waiver of cash deposit fees promotes financial inclusion in Namibia

    APA-Windhoek (Namibia) — Banking clients in Namibia will soon breathe a sigh of relief following the central banks directive that bar commercial banks from charging cash deposit fees for all individual accounts and for all business accounts with an annual turnover of N$1 million (about US$84 507) or less.

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    20-Mar-2015 to 19:42

    Mozambique forestry project gets W/Bank support

    APA-Maputo (Mozambique) — The World Bank's lending arm, the International Finance Corporation, (IFC) has agreed to support the forestry investment project of Portucel Moçambique, APA learns Friday.

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    18-Mar-2015 to 14:49

    Zambia apex bank chief blames external factors for currency slide

    APA-Lusaka (Zambia) — Newly appointed Bank of Zambia governor Denny Kalyalya has blamed the poor performance of the local currency, the Zambian Kwacha, on a number of external factors that he says could require concerted efforts from various stakeholders to turn around.

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