VICE President Philip Mpango has commended CRDB Bank for organising the popular marathon that also encourages Tanzanians to build exercising culture so as to improve their health and avoid non-communicable diseases. Vice President Mpango made the remarks yesterday during the CRDB charity marathon in Dar es Salaam where he handled a 220m/- to the Director […]
Tag: Banking and Insurance
The bank took a “cut and paste” approach against a home owner A Durban High Court judge has slammed Standard Bank and its lawyers for a shoddy application against a defaulting home owner. The judge said such applications are often on the unopposed motion court roll and judges have to rely on the contents of […]
THE government has urged farmers and livestock keepers to secure insurance of their crops and animals for the sake of avoiding loss that they may incur from different causes including natural calamities. The call was made by the Deputy Minister for Agriculture Anthony Mavunde when he visited the pavilion of the National Insurance Corporation (NIC) […]
THE government yesterday insisted that the lack of salary increments for civil servants is not linked to a N$4,5 billion International Monetary Fund (IMF) loan. This comes amid trade unions drafting strike rules after more than 42 000 public servants voted in favour of industrial action over the lack of salary increments last week. The […]
THE High Court’s Labour Division has dismissed Exim Bank’s application to review Commission for Mediation and Arbitration (CMA) decision that requires the bank to pay 75m/- its former Chief Cashier, David Mumbii. Judge Augustine Rwizile ruled against the Bank, the applicant, after upholding one ground of objection raised by Mumbii, the respondent, through his counsel […]
Addis Ababa — Today, Awash Bank signed a loan agreement with nine private commercial Microfinance Institutions (MFIs) – Vision Fund, Nisir, Kendil, Metemamen, Meklit, Dynamic, Wasasa, Harbu, and Peace MFI to unlock access to finance for micro, small, and medium enterprises (MSMEs) in Ethiopia. The ETB 1.5 billion agreement is facilitated through the BRIDGES Programme, […]
The government, public and businesses need to be clearly aware of global events and take them into consideration when making monetary decisions, advised the governor of the Central Bank of Seychelles (CBS) on Thursday. Caroline Abel told a press conference that indications show that current global realities are not going away any time soon. “Global […]
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has said that the Duchess International Hospital, Lagos which successfully carried out leg surgery on Vice President Osinbajo is an exemplary model of Federal Government intervention through the CBN, in providing world class health facility to discourage medical tourism abroad by Nigerians. Emefiele […]
Zenith Bank Plc has been ranked as the number one bank in Nigeria by tier-1 capital in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine. For the 13th consecutive year, the bank retained its position as the number one tier-1 bank in Nigeria with a tier-1 capital of $2.75 billion, emerging […]
Maputo — The Bank of Mozambique on Thursday decided to keep its benchmark interest rate unchanged. A statement from the central bank’s Monetary Policy Committee (CPMO) stated that the Monetary Policy Rate (MIMO), used by the bank for its interventions on the interbank money market to regulate liquidity, remains at 15.25 per cent. This rate […]
Maputo — The bank Credit Suisse has admitted that much of the money supposedly intended to create a Mozambican tuna fishing fleet was in fact diverted into bribes and kickbacks and has agreed to compensate some of the American investors who purchased bonds in the fraudulent scheme. The fraud was designed in 2012-2013 by corrupt […]
The central bank recently announced the introduction of the gold coins as a store of value amid soaring inflation and depreciation of the local Zimbabwean dollar against major currencies. The bank on Monday issued guidelines for the purchase of the Mosi-oa-Tunya gold coins, which will be released on July 25, saying that the agents will […]
The African Development Bank (AfDB) has injected a total US$25, 65 million grant drawn from the Transition Support Facility to enhance domestic domestic food production as well as mitigating against a possible food crisis. The funds were drawn from the African Development Fund, a concessional arm of the AfDB Group which granted the country an […]
The Central Bank of Nigeria (CBN) has clarified the statement made by the Governor, Godwin Emefiele, at Tuesday’s post-Monetary Policy Committee (MPC) meeting briefing, warning bank customers against converting the naira to foreign exchange, for electioneering purposes. Director, Corporate Communications Department, CBN, Mr. Osita Nwanisobi, made the clarification in a chat with newsmen in Lagos, […]
Most central banks across the world have increased their benchmark interest rates within the last quarter in order to stifle inflationary momentum. This happens as the US dollar has already experienced significant appreciation in value this year in response to previous rate hikes. The dollar recently reached equal parity with the Euro for the first […]
NMB Bank has urged farmers, fishermen and livestock keepers to tap loan opportunities offered by the lender after slashing interest rates to 9 per cent from May this year. This was said by the NMB official responsible for Control and Implementation, Oscar Nyirenda said here over the weekend during the meeting with members of the […]
CRDB BANK has thrown its weight on educating online entrepreneurs with the social platforms population being on the rise. The bank last Saturday trained virtually thousands people dealing direct or indirect with online business especially on Instagram platform where users in the country reached 2.86million out of 1.393 billion globally. The online seminar to build […]
Exim Bank Tanzania has officially acquired assets and liabilities of FNB Bank Tanzania as a continuation of the bank’s commitment to expand its wings within and outside the country. Exim’s Chief Executive Officer Mr Jaffari Matundu said in Dar es Salaam over the weekend that the bank’s move comes less than three years after it […]