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Zimbabwe FM slashes growth forecast by half

HARARE: Zimbabwe's finance minister on Thursday slashed the 2015 growth forecast from 3.2 percent to 1.5 percent after a slump in farm produce due to drought.

3 Aug 2015

SA Taxi's cash pile opens new frontiers

South Africa's largest minibus financier, SA Taxi, is looking for opportunities to expand its minibus lending business into other African countries and could direct R100m to its domestic finance project.

12 Jun 2014

Sanlam looking to invest in Africa, South-East Asia

Sanlam says it has R3bn in discretionary capital that is earmarked for growth opportunities mainly in Africa and South-East Asia.

By Phakamisa Ndzamela 6 Jun 2014

FirstRand remains committed to growing African presence

Though FirstRand suffered some setbacks in its African growth strategy‚ it remains committed to growing its presence in the rest of the continent through greenfields operations or small acquisitions.

By Gillian Jones 11 Sep 2013

World Bank provides US$14,7bn to Africa

The World Bank committed a record US$14.7bn in its fiscal year to June to support economic growth and better development prospects in Africa despite uncertain economic conditions in the rest of the global economy.

1 Aug 2013

Mobile cash services bank on growth

The growth of mobile money will continue at a rapid rate this year‚ global mobile industry body GSMA said in a recently released report entitled The Economy of Mobile 2013.

By Thabiso Mochiko 20 Mar 2013

Norton Rose tells insurers to tread carefully in Africa

Global legal practice Norton Rose has advised South African insurers expanding into other African countries to look beyond the sector-specific regulatory requirements in the jurisdictions they are entering as failure to do so could undermine their investments.

By Phakamisa Ndzamela 20 Mar 2013

Mobile money could encourage savings

Research in northern Ghana funded by SWIFT (Society for Worldwide Interbank Financial Telecommunication) showed that mobile money can help foster a savings culture and address financial exclusion.

By Helmo Preuss 27 Feb 2013

SA mining companies forced to fund indigenisation

HARARE, ZIMBABWE: Zimbabwe has ratcheted up the pressure on SA platinum mining companies to finance empowerment proposals as the government is too cash-strapped to provide funding for this. The mines have insisted that the new shareholders be forced to abide by their obligations to fund operations where necessary.

By Tawanda Karombo 19 Dec 2012

Fundamo reports mobile financial services growth

Fundamo, a Visa Inc. company and a global specialist mobile financial service provider, have reported accelerated growth of mobile financial services in Africa. In 2012, Fundamo has launched three new services - FirstMonie with First Bank Nigeria and Celpay with Celpay International in Uganda and Zimbabwe.

13 Nov 2012

IMF relaxes Zimbabwe restrictions

WASHINGTON - The International Monetary Fund relaxed its restrictions on providing consulting support to Zimbabwe as the country moved toward constitutional reforms and showed improvement in economic policy co-operation with it.

7 Nov 2012