Finance Archives - Gambeta News

ZIMBABWE’S NEW BANKNOTE WITH WITHDRAWAL LIMIT

Posted on November 12, 2019November 12, 2019 by Gambeta News

Zimbabwe’s new banknote is as a result of the currency shortage in the country. The new Zimbabwe 2 and 5 dollar notes will reduce the cash shortage in the country but the limitation as regards to its withdrawal is raising worrying concern among Zimbabweans. The bank insisted that withdrawal of this notes will be restricted to $20 per week. The central bank failed to circulate the new banknotes by the close of business on Monday…

PICTURES OF AFRICA50 INFRASTRUCTURE EVENTS IN RWANDA

Posted on July 10, 2019 by Gambeta News

Africa50 is an infrastructure investment platform that contributes to Africa’s growth . This is through developing and investing in bankable projects, catalyzing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact. The two-day General ShareHolder Meeting is from 9-10 july in Kigali, Rwanda. Want to know more about what we do @Africa50Infra? Watch our latest corporate video, which was unveiled this morning at the Opening Ceremony of our #A50GSM2019 this…

INVESTORS TO INVEST IN CBE TREASURY-BILLS

Posted on May 9, 2019 by Gambeta News

Central bank of Egypt (CBE) to offer 23 investors treasury bills (T-bills). Over twenty-nine foreign and domestic investors has offer to invest in the Central bank of Egypt (CBE) treasury bills (T-bills). The T-bill which was issued out this week will allow bank to subscribe with a minimum of US$100,000. Central bank of Egypt offer the investor the deal on behalf of the ministry of finance. The interest rate on this bills is based on…

AFRICA’S FINANCE MINISTERS MEET IN WASHINGTON DC

Posted on April 12, 2019April 13, 2019 by Gambeta News

G-24 Finance Ministers and Central Bank Governors’ are currently Meeting in Washington DC. These leaders will be attending the World Bank/International Monetary Fund Spring Meetings. Most importantly, they will be deliberating on how to ensure economic growth benefits the many and not the few. Most African countries suffer from poor economic policies that fosters inequality, leading to inefficiency and stunted growth. These and many other challenges are the reason for the meetings, hence, we encourage…

GLOBAL GRADUATE FINANCE AT BRITISH AMERICAN TOBACCO, NIGERIA

Posted on February 7, 2019February 11, 2019 by Gambeta News

British American Tobacco (BAT) has an exciting opportunity for Global Graduates to join our Finance team in Nigeria. At BAT, we bring together the world’s brightest and best minds, that’s why we value uniqueness. Job Title: Global Graduate Finance Job Number: 16046 Country: Nigeria Location: Lagos Function: Finance Level: Graduate Appointment Type: Permanent Our Global Graduate Programme (Finance) enables you develop exceptional commercial skills, equipping you with a deep understanding of the dynamics of the market you operate in. It offers you the opportunity to challenge yourself on international projects,…

Battle for influence in African infrastructure lending

Posted on December 5, 2018December 5, 2018 by Gambeta News

China and United States to battle for influence in African infrastructure lending New research from global law firm Baker McKenzie with data provider IJGlobal shows that development finance lending from state-backed institutions is the most important component of infrastructure funding in sub-Saharan Africa. The battle for influence on the continent between Development Finance Institutions (DFIs) and Export Credit Agencies (ECAs) from China and the United States is set to heat up over the next decade…

CHINA OFFERING US$60bn IN FINANCING FOR AFRICA

Posted on September 4, 2018 by Gambeta News

China to support African development with US$60 billion China president Xi Jinping yesterday said the Chinese government will be financing Africa with US$60 billion. He added that Chinese companies will also invest at least US$10 billion over the next three years. He made this statement at the opening ceremony of the African leaders summit in Beijing. Mr. Jinping said the fund will support developments that Africans can see and touch. The developments/projects will also be green and…

AfDB AWARDS BEST AFRICAN FINANCE MINISTER TO GHANA

Posted on May 24, 2018 by Gambeta News

Ghana Finance Minister receives African Finance Minister of the year award. At the annual meeting of the African Development Bank (AfDB) in Busan, South Korea, Ghana’s Finance Minister, Ken Ofori-Atta was named African Finance Minister of the year. This award is in recognition of the recent positive performance of Ghana’s macro-economy under the watch of Mr. Ken Ofori-Atta. Also recognizing him as Africa’s most results-oriented Finance Minister, Ken Ofori-Atta boosted confidence and optimism in Ghana’s economy. Exhibiting prudent economic management…

South African software developers are in high demand

Posted on September 19, 2017 by Gambeta News

South African software developers that service the financial sector are in high demand locally and internationally as they capitalize on expertise gleaned from operating in one of the most sophisticated banking and advanced mobile tech environments in the world. The country’s highly progressive banking system, good technical skills, mobile know-how and competitive pricing are making it an important destination for international fin-tech software development. South Africa has a developed banking system, and her mobile technology…