22-Dec-2014 to 12:01

Nigerian central bank tasks banks on adequate capital to mitigate risks

APA – Lagos (Nigeria) — Following Nigerian banks’ exposure to the oil and gas sector in the face of tumbling oil prices as well as the risk management deficiencies, the Central Bank of Nigeria (CBN) has directed deposit money banks to ensure that they have sufficient capital buffers to mitigate the escalating risk-taking activities.

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19-Dec-2014 to 10:59

Moz apex bank wary of impact of politics on currency stability

APA-Maputo (Mozambique) — The governor of Mozambique\'s central bank Ernesto Gove has warned politicians and other opinion makers against making careless statements that are damaging sentiment on the country’s currency, state media reported Friday.

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19-Dec-2014 to 10:02

IMF team concludes Malawi consultations

APA-Lilongwe (Malawi) — The International Monetary Fund (IMF) has concluded consultations with Malawian authorities on the fifth and sixth reviews of the Extended Credit Facility (ECF) arrangement with the southern African country.

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18-Dec-2014 to 14:33

Nigeria: $1bn not missing from ECA account - minister

APA – Lagos (Nigeria) — Nigeria’s Minister of Finance, Dr Ngozi Okonjo-Iweala, has said that no money is missing from the Excess Crude Account (ECA).

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18-Dec-2014 to 11:06

Newly unveiled Zimbabwe bond coins begin circulating

APA-Harare (Zimbabwe) — The Reserve Bank of Zimbabwe (RBZ) on Thursday introduced imported bond coins that are meant to address the problem of small change that has affected the country since it adopted the multiple currency regime five years ago.

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15-Dec-2014 to 10:01

Mozambique apex bank leaves benchmark rates unchanged

APA-Maputo (Mozambique) — Mozambique\'s central bank has left its key lending rate unchanged at 7.5 percent, saying Monday that inflation remained on a path consistent with targets set for 2014.

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12-Dec-2014 to 10:50

Malawi ministers reject hefty pay rise

APA-Lilongwe (Malawi) — Malawi’s Minister of Finance Goodall Gondwe said that his cabinet colleagues have rejected the new salary increment which was pegged at 168 percent in a move meant to spare the country more spending amidst an ailing economy.

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