African Financier

Friday, 01 December 2023

Latest News for: African financier

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The rise of Forex trading in South Africa: An economic perspective

Mail Guardian South Africa 01 Dec 2023

Members of the South African diaspora, interested in maintaining financial ties with ... The sector has catalysed job creation, particularly in fintech, and spurred innovation in financial services, reinforcing South Africa’s position as a leader in African financial markets.

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Transvaal Agricultural Union calls on SAns to help drought-affected farmers

Eye Witness News 01 Dec 2023

The union is appealing to South Africans to make donations to their trauma fund, ... As a result, the Transvaal Agricultural Union is calling on South Africans to support farmers in drought-affected areas with financial relief.

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E-cedi to bridge gap between banked and unbanked — Dr Addison

Business Ghana 01 Dec 2023

In a speech that was read on his behalf at the opening of a regional course on Currency Management and Forecasting organised by the West African Institute for Financial and Economic Management (WAIFEM), Dr Addison said the E-cedi would help increase cross-border trade, accelerate ...

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Background Press Call by a Senior Administration Official to Preview the Bilateral Engagement of President ...

The White House 01 Dec 2023

... ground in terms of investments, in terms of integrating African voices in into global governance infrastructure, making reforms to the IFIs in the MDBs as the multilateral — multi- — multilateral development banks and international financial institutions and the U.N.

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ETI Declares N262.17bn PBT, N20.7tn Total Assets

This Day 01 Dec 2023

The pan-African financial institution announced N20.7trillion ($26.6billion) total assets as of September 30, 2023, representing an increase of 55 per cent from N13.37trillion ($29 billion) reported in 2022 full financial year ... ($ 11billion) reported in 2022 financial year.

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Cameroon targets 4.5 pct growth in 2024

Xinhua 01 Dec 2023

... are very ambitious amid the challenges facing the central African nation as a result of both internal and external factors. He said the government's "Economic, Financial, Social and Cultural Program...

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SAMSA’s 25 Year Anniversary: Section Four

Mail Guardian South Africa 01 Dec 2023

... Financial Year ... Promotion of South African Ship Registry ... During the 2022/23 financial year, SAMSA partnered with the Northern Cape South African Local Government Association (SALGA) and Siyacuma Municipality in handing over 150 hippo rollers during a Nelson Mandela Day activation.

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Work to improve image of politicians - Speaker to MPs

Business Ghana 01 Dec 2023

The Speaker of Parliament, Alban Sumana Kingsford Bagbin, has charged Members of Parliament (MPs) to work to erase the negative labels that have come to be associated with politicians ... OGP ... Support ... He announced that Ghana had been selected as one of seven African countries to benefit from a global financial support to promote OGP in the country ... .

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OPEC+ may have played its final card with voluntary crude cuts: Russell

Reuters 01 Dec 2023

LAUNCESTON, Australia, Dec 1 (Reuters) - The additional crude output cuts by OPEC+ should do two things, and neither of them are likely to please the group of oil exporters ... Editing by Stephen Coates ... Before becoming a financial journalist in 1996, Clyde covered civil wars in Angola, Mozambique and other African hotspots for Agence-France Presse ... ....

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How to get African oil out of the ground without Western lenders

Economist 30 Nov 2023

In South Africa, Standard Bank is expanding its oil-and-gas portfolio and acting as a financial adviser on the East African pipeline. The African Export-Import Bank, based in Cairo, is teaming up with oil-producing countries to launch an “African Energy Bank”, which will plug the gap left by traditional financiers.

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SARB flags six micro and macro challenges to financial stability

Independent online (SA) 30 Nov 2023

The South African Reserve Bank (SARB) has flagged six micro and macroeconomic challenges, including intensified load shedding, as key risks to domestic financial stability in the short-, medium-, and long-term ... with a South African component were subject to enhanced due diligence.

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Hantec Fortifies Commitment to Client Integrity: Obtains Seychelles' FSA License

Vietnam News 30 Nov 2023

The Seychelles' FSA license grants Hantec the regulatory approval to operate in this key jurisdiction, opening up new opportunities and enabling the company to offer its comprehensive suite of financial services to a wider client base, particularly in the African region.

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Hantec Fortifies Commitment to Client Integrity: Obtains Seychelles’ FSA License

The Arabian Post 30 Nov 2023

The Seychelles’ FSA license grants Hantec the regulatory approval to operate in this key jurisdiction, opening up new opportunities and enabling the company to offer its comprehensive suite of financial services to a wider client base, particularly in the African region.

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African leaders want debt relief for climate action

Economist 30 Nov 2023

... of state called for global financial reform and a “comprehensive and systemic response to the incipient debt crisis” ... The UNECA is advising African countries on how to negotiate agreements ... African leaders will keep calling for an overhaul of the world’s financial architecture.

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Rand falls victim to South Africa’s ‘noise’ in dismal November

The Gulf Time 30 Nov 2023

In addition, international financial regulators placed South Africa on a “grey list” of countries that require increased monitoring, which has raised processing times and the cost of cross-border transactions, the South African Reserve Bank said in its Financial Stability Review.