Business

Sat,22Jul2017

Business

Ghana names monetary policy expert Addison as central bank governor

Ghana's President Nana Akufo-Addo named senior monetary policy expert Ernest Addison as central bank governor on Thursday, a day after his predecessor resigned for personal reasons, a statement from the presidency said.

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Kenya's central bank seeks bidders for stake in Chase Bank

Kenya's central bank on Thursday invited investors interested in buying a stake in Chase Bank to submit their bids, with the aim of concluding the transaction by the end of September.

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Expectations Gordhan will go leave South African markets on edge

South Africa's currency and bonds weakened again on Wednesday as expectations rise that President Jacob Zuma will sack finance minister Pravin Gordhan following the funeral this afternoon of anti-apartheid icon Ahmed Kathrada.

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Barclays in talks to sell Zimbabwe bank to Malawi's First Merchant Bank

Barclays is in exclusive talks to sell its stake in its Zimbabwe unit to Malawi-based First Merchant Bank, the lenders said on Tuesday, as the British bank continues its exit from Africa.

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South Africa's Brait suspends LSE listing plan on Brexit uncertainty

South Africa's Brait SE has suspended plans to list on the London Stock Exchange, the investment firm said on Friday, citing uncertainty over Britain's decision to leave the European Union.

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Zimbabwe opposition demand U.N. conducted vote

Zimbabwean opposition parties want next year's presidential elections overseen by a special team put together by the United Nations and African Union.

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Kenya launches phone-based bonds, tapping pool of small investors

Kenya began selling its first mobile-phone-based government bond on Thursday, part of an ambitious plan to broaden the pool of investors in government securities.

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