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BODO: Kenya needs a much larger economic stimulus package
The kazi-kwa-vijana is a programme that largely fulfills John Keynes’ prophesy: in bad economic times, a government might as well bury banknotes in jars underground, then employ thousands of (young) people to dig them
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Source: Business Daily
Loaded Cannon Distillery Earns 2024 Best of Florida Award for Crafting "Copper Kissed" Spirits and Community Connections
BRADENTON, FL, UNITED STATES, October 3, 2024 /⁨EINPresswire.com⁩/ -- Loaded Cannon Distillery in Bradenton, Florida, has quickly become a standout in the craft spirits scene, recently earning the 2024 Best of Florida Award for its expertly crafted …
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Source: African Americans News Monitoring Service & Press Release Distribution - EIN News
Rwanda: COVID-19 - How Recovery Funding Will Be Disbursed
According to a letter by the Central Bank to all the 16 local banks as well as Limited Liability Micro-finance institutions, the fund will be disbursed through local financial
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Source: allAfrica.com
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RBZ shames listed milling giant, Natfoods, others over foreign currency facility abuse - NewsDay Zimbabwe
By Staff Reporter Eighteen entities including the listed milling giant, National Foods, will face penalties from the Reserve Bank of Zimbabwe (RBZ) The post RBZ shames listed milling giant, Natfoods, others over foreign currency facility abuse appeared first on NewsDay Zimbabwe.
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Source: NewsDay Zimbabwe - Everyday News for Everyday People
Rand Report: Jackson Hole Symposium dominates worldwide attention
(Partner Content) The data from the past week was generally supportive of the global economies bouncing back from the various lockdowns worldwide.
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Source: South African News | Online News | The South African
Tukwila encampment grows to 338 asylum seekers, including 97 children
(The Center Square) – Despite issuing a state of emergency to address a large encampment of asylum seekers in Tukwila, the number of asylees has continued to increase. Tukwila Mayor Allan Ekberg originally issued a state of emergency last month when the original estimate of the number of asylum
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Source: The Black Chronicle
WhatsApp gets a raw deal in payments
Facebook CEO Mark Zuckerberg entered the fray two years ago by enabling the popular messaging service WhatsApp to send and receive money in
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Source: TechCentral
CLICO cuts debt to taxpayers to $1.6b - Stabroek News
(Trinidad Express) The Colonial Life Insurance Company (Trinidad) Ltd’s (CLICO) debt to the Government is now about $1.6 billion. The article CLICO cuts debt to taxpayers to $1.6b appeared first on Stabroek News.
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Source: Stabroek News - Guyana's Most Trusted Newspaper
Zimbabwe: Forex Auction System Ill-Advised - Analysts
Government re-introduction of the forex auction system -- as Zimbabwe effectively re-dollarises - could have disastrous consequences because the country does not have adequate sources of foreign currency, economic commentators have
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Source: allAfrica.com
Currency in free fall, Zimbabwe tries forex auction system dating back 16 years
After struggling to stabilise its currency for the past three years, Zimbabwe on Tuesday turned to a foreign exchange trading system it last used in
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Source: https://www.news24.com
Tobacco growers push for exchange rate disparity pay-out
TOBACCO growers are pushing authorities to consider exchange rate difference payment to cover the losses they incurred when they sold their crop at a fixed rate of
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Source: NewsDay Zimbabwe - Everyday News for Everyday People
Malawi: State Drops Charges Against 4 Suspected Reserve Bank of Malawi Fraud
The State has dropped criminal charges against four central bankers suspected to have connived with former Reserve Bank of Malawi (RBM) manager, Charles Ezra July Mchakulu and three others, to steal K340 million from the central
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Source: allAfrica.com
Zimbabwe: Ecocash Loses Agents Court Challenge Against RBZ
The High Court has thrown out a challenge by EcoCash seeking the restoration of thousands of agent lines terminated without notice by the Reserve Bank of Zimbabwe (RBZ) for suspected illegal forex
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Source: allAfrica.com
La grève au Centre Pompidou révèle un malaise profond du personnel - Haiti24
Le personnel du Centre Pompidou (photographié ici le 27 octobre 2023), à Paris, a entamé une grève depuis lundi 16 octobre. TELMO PINTO/NURPHOTO VIA AFP Dimanche 5 novembre, les portes du Centre Pompidou, à Paris, sont closes pour la cinquième fois depuis le début d’une grève qui a démarré lundi 16
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Source: Haiti24 – Nouvelles d’Haïti | Politique, affaires courantes, sport et autres rubriques
Bitt globally awarded as Central Bank Digital Currency Partner | The Bajan Reporter
For its work on the DCash pilot, global fintech company, Bitt, was awarded as the 2021 Central Bank Digital Currency Partner by the industry's leading information resource - Central Banking Publications. The announcement came during the virtual Central Banking FinTech and RegTech Global Awards
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Source: The Bajan Reporter | Web’s Eye View of Barbados in the Caribbean
House leaders demand details on PPP program
As the remaining days dwindle for small businesses to apply for loans through the federal Paycheck Protection Program (PPP), both banks and federal officials are being challenged by several House leaders to explain how the $670 billion program intended to aid the nation’s small businesses has
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Source: The Bay State Banner
Rwanda: MPs Want Clear Plan to Increase Agricultural Loans
MP Théogène Munyangeyo, Chairperson of the Committee, said that agriculture received only 1.5 per cent of the total loans provided by commercial banks in Rwanda in the 2018/2019 financial
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Source: allAfrica.com
Zimbabwe: Business Sector Studies High Court Ruling
The business sector has said it is still looking into the implications of the recent High Court ruling, which declared unconstitutional a Reserve Bank of Zimbabwe (RBZ) exchange control directive 'mutating' money held in foreign currency accounts into Zimbabwe dollar-denominated
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Source: allAfrica.com
Zim foreign currency account holders panic as banks scramble for cash
Foreign Currency Account holders with Zimbabwean banks – among them units of Standard Bank, Standard Chartered and Nedbank – have expressed apprehension about what they fear could be a run on their funds by the government, as the central bank kicks in new monetary
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Source: https://www.news24.com
'Half a decade of lost output': The grim toll on SA of Covid-19
South Africa stands to lose five years of potential economic output due to the shock from the coronavirus pandemic and measures to curb its spread, according to the Reserve
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Source: TechCentral
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IDT rules in favour of BOJ in vacation leave dispute
The Industrial Disputes Tribunal (IDT) has sided with the Bank of Jamaica (BOJ) in a long-standing dispute with the Bustamante Industrial Trade Union (BITU) over a change in the bank’s vacation leave policy, over which the union has expressed strong
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Source: Jamaica Gleaner
Albert Wynn: Cutting corners in the medical field is unacceptable | New Pittsburgh Courier
by Albert Wynn (TriceEdneyWire.com)—In state legislatures across the country the “right to repair” movement is gaining momentum. Thirty-three states and Puerto Ricoconsideredright to repair legislation during the 2023 legislative session. And while this might be a good idea for some
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Source: New Pittsburgh Courier - Powered by Real Times Media
Covid-19 shock dims earnings prospects for EA banks
East Africa’s listed banks have reported either flat or reduced profit for the first three months ended March 31, setting the pace for a year of subdued performance as the Covid-19 pandemic stifles economic
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Source: The East African
Nigeria: Decline in Non-COVID-19 Ailment Consultation in Hospitals Worries Govt
The federal government also said wearing face masks in public places is compulsory, going by the COVID-19 regulations signed by President Muhammadu Buhari, pursuant to Quarantine
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Source: allAfrica.com
Absa restructures 26pc of net loans
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Source: Business Daily
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Zimbabwe: Currency Collapse Forces RBZ to Ditch Forex System
The Reserve Bank of Zimbabwe (RBZ) has announced it will resume a floated foreign currency exchange rate system next Tuesday, which will be conducted on weekly
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Source: allAfrica.com
Liberia: Is Ex-CBL Governor Milton Weeks the Sacrificial Lamb in the 'Missing Billions' Saga?
Monrovia — When Charles Sirleaf, the eldest son of former President Ellen Johnson-Sirleaf was arrested along with five others, including former Governor J. Milton Weeks, last February, it marked a turning point in the controversy surrounding the alleged disappearance LD16 billion ($100 million (€88
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Source: allAfrica.com
For Zim, it’s déjà vu as the economy sinks deeper
ON Tuesday, Zimbabweans woke up to the news that a family of six people now needed $9 000 to make ends meet as the Zimbabwe dollar continues to plummet on the parallel market, reaching levels of US$1 to 78, depending on the mode of
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Source: NewsDay Zimbabwe - Everyday News for Everyday People
British judge denies Maduro Venezuela's gold in London bank
LONDON, England (AP) A British judge yesterday refused to give Venezuela's Nicol�s Maduro control of nearly US$2 billion in gold sitting in a Bank of England vault because Britain does not recognise the socialist leader as president of the Latin American nation.
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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com
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Zimbabwe: Inefficient Foreign Exchange Market Costing Zim Billions
The major reasons why Zimbabwe suffers from foreign currency shortages can be traced back to a lack of confidence (trust) in financial institutions, especially the country's apex bank, repressive exchange control regulations and an inefficient foreign exchange market that does not give fair value
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Source: allAfrica.com
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