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    06-Mar-2015 to 15:50

    W/Bank gives Mozambique $200m budgetary support

    APA-Maputo (Mozambique) — The World Bank says it will contribute $200 million to Mozambique’s 2015 state budget that will start to be paid out at the end of June, APA can report.

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    06-Mar-2015 to 12:11

    SADC central banks complete interconnection of ICT systems

    APA-Maputo (Mozambique) — The network of the banking technological information of the Southern African Development Community (SADC) member states is already interconnected, an official said Friday.

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    06-Mar-2015 to 11:16

    AfDB delegation expected in Mozambique

    APA-Maputo (Mozambique) — A 10-member African Development Bank (AfDB) delegation will this month visit Mozambique to assess progress on various projects financed by the bank in the southern African nation, a bank spokesperson said Friday.

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    04-Mar-2015 to 14:23

    Namibian banks scrap cash deposit fees

    APA-Windhoek (Namibia) — Namibian banking institutions are scrambling to meet March 31 deadline set by the central bank for commercial lenders to stop charging deposit fees from clients, an intervention expected to make financial services and products affordable.

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    26-Feb-2015 to 20:54

    Rwanda revises national budget upwards

    APA-Kigali(Rwanda) — The government of Rwanda has revised the 2014/2015 budget upwards by Rwf6.5 billion (US$9.4 million), the minister of Finance and Economic Planning, Claver Gatete, said.

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    25-Feb-2015 to 18:39

    Namibia: Interest hike surprises financial sector

    APA-Windhoek (Namibia) — A senior economist at the First National Bank of Namibia (FNB), Namene Kalili has said the financial sector was caught up by surprise by the recent repo rate hike by the Bank of Namibia, given the recent positive growth of the economy and low inflation.

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    23-Feb-2015 to 14:47

    Zimbabwe appeals for AfDB debt relief assistance

    APA-Harare (Zimbabwe) — Zimbabwe’s Finance Minister Patrick Chinamasa on Monday pleaded with a visiting delegation of African Development Bank (AfDB) executive directors for assistance in settling debt arrears to multilateral financial institutions.

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