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Barclays Africa Revamps Strategy in Return to Its Absa Roots

Barclays Africa Revamps Strategy in Return to Its Absa Roots

Barclays Africa Group Ltd. is going back to its roots. The Johannesburg-based bank plans to revert back to the Absa Group Ltd. name, as it was known before Barclays Plc took control of the company in 2005. With the British bank’s stake now reduced to 14.9 percent, Barclays Africa is also embarking on a plan […]

Village Banking Scheme To Empower Women In Zambia

Village Banking Scheme To Empower Women In Zambia

The economic matrix of saving money comes in many forms with the Village banks, which come in form of loans designed to empower people including vulnerable members of society, was a value to household economies. Mostly, these Village banks emerging at an unprecedented pace in rural, peri-urban and urban areas have proved to improve the […]

AfDB To Promote Remittances Into Africa

AfDB To Promote Remittances Into Africa

Africa Development Bank (AfDB) would promote remittances into Africa from its Diaspora community to boost the region’s economic growth, Gabriel Negatu, the bank’s Director General for East Africa Regional Centre, said. Negatu said this in Nairobi on Monday during the AfDB Business Opportunity Seminar. He added that the bank was working with national governments to […]

UBS Trader Jailed For UK’s Biggest Fraud Warns It Could Happen Again

UBS Trader Jailed For UK’s Biggest Fraud Warns It Could Happen Again

Kweku Adoboli, the ex-UBS trader jailed four years ago for the biggest fraud in British history, has said his crimes could be repeated as those working in the banking industry still faced the same pressure to make profits “no matter what”. Adoboli, a senior trader on the Exchange Traded Funds (ETFs) desk at UBS’s investment […]

Can the IMF Really Drag Zimbabwe Out of Its Crisis?

Can the IMF Really Drag Zimbabwe Out of Its Crisis?

Zimbabwe’s coffers are empty. Salaries for the army and air force have been delayed for several weeks; and other civil servants will only receive their pay cheques by the middle of July. For the government and 92-year-old President Robert Mugabe, this latest cash crunch couldn’t have come at a worse time, as a fierce succession […]

Remittances Are a Mainstay For Millions of The World’s Poor – Let’s Improve Them

Remittances Are a Mainstay For Millions of The World’s Poor – Let’s Improve Them

Remittances are a hidden force international development. The World Bank estimates that $601bn (£424bn) was sent in remittances last year, $441bn of which was received in the developing world. This is three times the amount sent in international aid. Today is the International Day of Family Remittances, started last year by the International Fund for […]

Dr. Frannie Leautier Appointed As Senior Vice-President of the African Development Bank Group

Dr. Frannie Leautier Appointed As Senior Vice-President of the African Development Bank Group

The African Development Bank is pleased to announce the appointment of Dr. Frannie Leautier as the Senior Vice-President of the African Development Bank Group effective on 9th May, 2016. A citizen of Tanzania, Dr. Frannie Leautier is currently Chairperson and Co-Founding Partner of Mkopa Private Equity Fund, which is focused on private equity investments in […]