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News -
Africa
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Written by Janice Kew and Michael Patterson, Bloomberg
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Wednesday, 01 April 2009 07:23 |
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April 1 (Bloomberg) -- Nigeria’s stock market, Africa’s best performer during the past decade, posted the biggest declines worldwide in the first quarter as bad loans to speculators pushed bank valuations to an all-time low. |
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News -
Africa
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Written by ANGUS SHAW and CLARE NULLIS, Associated Press
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Thursday, 26 February 2009 08:37 |
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HARARE, Zimbabwe (AP) — President Robert Mugabe vowed to retain a pair of discredited officials, against the wishes of his coalition partners, while Zimbabwe asked its neighbors Thursday for a $2 billion loan package to aid its collapsed economy. |
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News -
Africa
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Written by Mahmoud Kassem, Bloomberg
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Sunday, 15 February 2009 08:23 |
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Feb. 15 (Bloomberg) -- Egyptian stocks rallied after the central bank cut interest rates for the first time since 2006 amid a drop in inflation. Orascom Construction Industries, the country’s biggest publicly traded builder, led gains. |
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News -
Africa
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Written by Reuters UK, (Editing by Ruth Pitchford)
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Wednesday, 11 February 2009 08:38 |
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HARARE (Reuters) - Zimbabwe's central bank governor Gideon Gono has welcomed the idea of adopting South Africa's rand currency as an anchor for the virtually worthless Zimbabwean dollar, state media reported on Wednesday. |
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News -
Africa
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Written by Nasreen Seria, Bloomberg
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Sunday, 15 March 2009 09:49 |
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March 13 (Bloomberg) -- Kenya’s central bank expects a “temporary” acceleration in inflation in the next few months after a drought boosted food prices. |
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News -
Africa
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Written by Emily Bowers and Nasreen Seria, Bloomberg
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Wednesday, 25 February 2009 22:29 |
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Feb. 24 (Bloomberg) -- Ghana’s central bank raised its benchmark lending rate by 1.5 percentage points, the first increase since July, to curb inflation and boost the currency. |
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News -
Africa
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Written by Eric Ombok, Bloomberg
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Thursday, 12 February 2009 08:26 |
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Feb. 12 (Bloomberg) -- Banks in Kenya, East Africa’s largest economy, lent 21 percent more last year, with the biggest growth in lending to private individuals, the central bank said. |
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News -
Africa
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Written by Paul Okolo, Bloomberg
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Monday, 09 February 2009 11:07 |
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Feb. 9 (Bloomberg) -- Nigeria’s central bank left its key interest rate unchanged after a weaker naira pushed the inflation rate to the highest in five years. |
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News -
Africa
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Written by Eric Ombok, Bloomberg
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Monday, 02 March 2009 07:45 |
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March 2 (Bloomberg) -- The African Union will sign a memorandum of understanding this month with Nigeria on the establishment of a continental central bank. |
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News -
Africa
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Written by Emily Bowers and Nasreen Seria, Bloomberg
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Tuesday, 24 February 2009 07:38 |
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Feb. 24 (Bloomberg) -- Ghana’s central bank raised its benchmark lending rate by 1.5 percentage points, the first increase since July, as inflation surged. |
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News -
Africa
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Written by Paul Okolo, Bloomberg
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Wednesday, 11 February 2009 08:55 |
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Feb. 11 (Bloomberg) -- Trading in Nigeria’s naira halted after the central bank stepped up restrictions on foreign- exchange deals between commercial banks, according to Uloma Ihukwumere, a trader at Lagos-based Access Bank Plc. |
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News -
Africa
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Written by Jerry Guo and Alaina Varvaloucas, The Christian Science Monitor
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Thursday, 05 February 2009 08:49 |
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The Christian Science Monitor - Dave Mphele, a black marketeer in Zimbabwe, uses a combination of cunning and coercion to thrive in a nation with 231 million percent inflation. In his own bizarre way, he’s helping the country function. |
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