Tag Archives: interest rate

Multi-faceted consumer car market bucks economic trend, says Standard Bank South Africa

The South African new car market is bucking the economic trend with sales increasing by 4.1% to 163 092 units during the first three months of 2013 when compared to the same period last year. This is despite tough economic conditions, with the South African Reserve Bank expecting GDP to grow by only 2.7% during 2013. read more

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Africa Continues to Grow Strongly Despite Global Slowdown, Although Significantly Less Poverty Remains Elusive

WASHINGTON, April 15, 2013/African Press Organization (APO)/ Economic growth in Sub-Saharan Africa is likely to reach more than 5 per cent on average in 2013-2015 as a result of high commodity prices worldwide and strong consumer spending on the continent, ensuring that the region remains amongst the fastest growing in the world — according to the World Bank’s latest Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects.
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IMF Executive Board Concludes 2012 Article IV Consultation with Equatorial Guinea

MALABO, Equatorial Guinea, March 29, 2013/African Press Organization (APO)/ On January 11, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the 2012 Article IV consultation with Equatorial Guinea.1 read more

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First Monday: A.M. Best’s Leading Analysts Explore Property/Casualty, Life/Annuity & Health Segments of US Insurance Industry

Founded in 1899, A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. read more

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Zimbabwe’s Central Bank investigation opens a can of worms

 

An investigation conducted by the Reserve Bank of Zimbabwe (RBZ) into operations of the country’s Micro-Finance Institutions (MFIs) and money-lending institutions has exposed a plethora of illegal activities by the institutions impacting on the country’s economic development. read more

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A.M. Best Affirms Ratings of Four Beazley-Managed Lloyd’s Syndicates; Downgrades Beazley’s Issuer Credit Rating

A.M. Best Europe – Rating Services Limited is a subsidiary of A.M. Best Company. Founded in 1899, A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. read more

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Standard Bank Group arranges record bond issuances in 2012

Standard Bank Group has helped its South Africa-based corporate clients issue bonds and securitisations worth over R40-billion this year. read more

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IMF Concludes Staff Mission to Uganda

 

KAMPALA, Uganda, November 6, 2012/African Press Organization (APO)/ – An International Monetary Fund (IMF) team visited Kampala from October 24 to November 6, 2012 to carry out discussions with the Ugandan authorities for the fifth review of their IMF-supported economic and financial program. The mission met with Hon. Maria Kiwanuka, Minister of Finance, Planning, and Economic Development, and Professor Emanuel Tumusiime-Mutebile, Governor of the Bank of Uganda, as well as other senior government officials, development partners, and representatives of the private sector and civil society. read more

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Standard Bank South Africa building on successes of inclusive banking

 

Standard Bank South Africa’s inclusive banking strategy continues to yield strong results, with the bank building on its experience and successes in driving financial inclusion. In the past year, close to a million new accounts have been opened in the market segment with incomes under R8000/month. read more

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81 Percent of Refinancing Homeowners Maintain or Reduce Mortgage Debt in Second Quarter

 

MCLEAN, Va., Aug. , 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) released the results of its second quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house. read more

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How has Germany Benefited From the Euro Crisis?

 

LONDON, August 3, 2012 /PRNewswire/ — read more

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Spread Bet Banking Sector as Cameron Announces Review

 

LONDON, July, 2012 /PRNewswire/ — read more

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Standard Bank Group delivers strong set of 2011 results

Standard Bank Group remains the largest bank in Africa by profits and assets, with a strong balance sheet and a recognised and trusted brand. read more

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IMF Concludes Fourth ECF Review Mission to Guinea-Bissau

BISSAU, Guinea Bissau, March 13, 2012/African Press Organization (APO)/ — An International Monetary Fund (IMF) mission led by Mr. Paulo Drummond visited Guinea-Bissau during March 1–14, 2012. The mission assessed performance for the fourth review under the Extended Credit Facility (ECF) approved in May 2010 (see Press Release No. 10/185)1, agreed with the authorities on economic policies for the remainder of 2012. The mission met with interim President Raimundo Pereira, Prime Minister Carlos Gomes Jr., Minister of Presidency of the Council of Ministers and in-office Prime Minister Adiato Djaló Nandigna, Minister of Finance José Mario Vaz, Minister of Economy Helena Embaló, National Director of the Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO) João Fadía, and other government officials. The mission also held discussions with representatives of the private sector, civil society, the donor community, and other development partners. read more

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