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World Bank Group President Jim Yong Kim

World Bank to increase lending to lower middle-income countries

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World Bank Group President Jim Yong Kim said on Thursday that the multilateral lender would increase lending to lower middle-income countries over time. Kim made...
Robots will be able to do more for human beings in the future. (Photo: CFP)

Chinese Medical Staff Gets Assistance From Robotic Doctor

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Chinese scientists have developed an artificial intelligence (AI) system that can diagnose pneumonia and eye diseases as proficiently as a senior medical expert with...
Female Farmers

Nigeria mulls lending to farmers at 7 percent interest rate

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The Nigerian government on Thursday said in a bid to boost local food production, it was considering a scheme that will enable farmers to...
GCB

GCB plans to adjust its lending rates

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GCB Bank Limited has announced plans to reduce its lending rates for the benefit of its customers. At a meeting of corporate customers of the...

Lower non-oil sector growth and high lending rates to hamstring Ghana’s economy in 2017

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A leading think tank, Institute of Economic Affairs (IEA), expressed fears here on Thursday about Ghana’s ability to attain its growth rate targets...

Kenya and South Africa lead P2P lending in Africa

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Kenya and South Africa are leading the peer-to-peer (P2P) business lending market in Africa. However, 90% of online alternative finance originated from platforms headquartered...
South African rand

Viewpoint: International Banks Targeted for Prosecution in South Africa

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Republic of South Africa President Jacob Zuma has leveled sharp attacks on the financial industry inside the country accusing banks of treating the population...
capital embezzlement

China Takes Measures to prevent capital embezzlement

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China’s top banking regulator has toughened supervison on online lending, prohibiting lenders to advertise their services with information of their custodians except for necessary...
AFP © Getty Images/AFP/File / by Jennifer O'Mahony | Energy firms say Senegal and Mauritania's current oil and gas ventures will transform them into net exporters by 2020

Report Attributes Ghana’s Huge Debt To Oil Find

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But the recent fall in the prices of these commodities has had a devastating impact on the Ghanaian economy, according to a new report...

Rwandan companies to profit from new RWF 48 billion lending project

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The European Investment Bank has agreed to support a new lending initiative by Bank of Kigali to back private sector investment across Rwanda. The...
Bank of Ghana

IFS demands a serious look at BoG’s Zero-financing bid

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At a news conference to detail the Institute’s evaluation of the Second Review of Ghana’s Extended Credit Facility-Supported Programme by the IMF Executive Board,...

CAL Bank to Ease Up on Assertive Lending

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CAL Bank has become the latest financial institution to announce its intention to slow down on aggressive lending for this year. The move has been...
potato

Agric industry gets increased funds from Ecobank

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Ecobank says it is increasing investment in the agriculture sector, although many financial companies sideline the sector.   Despite employing majority of the country?s workforce, many...
GCB

GCB Bank maintains lending rate

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The management of GCB bank has revealed that, in spite of the 100 basis points increase in the policy rate of the Central Bank,...

Bank of Ghana to stop lending to government from 2016

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Starr News has gathered that the Bank of Ghana will from 2016 halt its lending to the government of Ghana. The move, according to government...

IMF Boss says support for Ghana likely to unlock lending from other bilateral institutions.

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IMF approved a three-year $918 million financial assistance deal for Ghana early this month The head of the International Monetary Fund said on Saturday...
central bank kenya

Kenya Bank Cuts Reference Rate

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The bank?s Monetary Policy Committee also said it was cutting the reference rate, which banks use as a base rate for calculating commercial lending,...

Real estate prices in Qatar hit record highs

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Real estate prices in Qatar hit record highs in June after rising 28.9% year-on-year (y-o-y) according to the Real Estate Price Index (REPI) published...
Central Bank of Nigeria

CBN?s high MPR at 12 percent since 2012

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The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA),  has stated that the continued retention of the 12 per cent...
Bank of Ghana

Bank of Ghana tightens lending for banks

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The Bank of Ghana has increased its Monetary Policy Rate for the second time this year has increased the policy ?rate to 19 percent...

FCMB plans on issuing eurobonds

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One of Nigeria?s leading banking institutions, FCMB Group Plc, the lender that acquired bailed-out FinBank Plc three years ago, is planning to raise...
Gold

India?s new business is gold in return for money

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India's central bank has increased the amount that finance companies can lend in return for gold deposits. Under the new rules, non-banking finance companies (NBFCs)...

We Have Not Issued License To US Money Lending Company-BoG

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The Bank of Ghana says it has not issued a license to US Money Lending Company to operate as a micro-finance firm. According to the...

How To Lend Money to Family and Friends

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Sometimes in life we have to have tough conversations, and hands down one of the most awkward discussions can be those concerning money. Especially,...

Gulf African Bank in KSh100m deal with AGF to support SME lending

Kenya?s first and largest Islamic bank Gulf African Bank, has signed a KSh100 million agreement with the African Guarantee Fund to support lending to...

IFC gives N11.2bn loan to Access Bank for lending to SMEs

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The International Finance Corporation (IFC) says it has provided N3.5 billion Risk Sharing Facility and another 50 million dollars (about N7.7 billion) loan...

IMF distributes $1.1b reserves to boost lending to low-income countries

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The International Monetary Fund (IMF) says October 13, 2012 that it will distribute about $1.1 billion in reserves attributed to windfall gold sales profits to...

Interbank lending rates fall

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Lending rates eased to an average of 11% for the last week Interbank lending rates eased more than 500 basis points, on Friday, to...

IMF Executive Board Deems South Sudan Eligible for Concessional Lending

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IMF Executive Board Deems South Sudan Eligible for Concessional LendingJUBA, South Sudan, August 27, 2012/African Press Organization (APO)/ ? The Executive Board of the...

Interbank lending rate falls

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The market was short prior to the disbursement of the budget fundsArticle | August 18, 2012 - 10:57am | By Eki Toju Nigeria's...