An Africa Business Community
THE five East African community central banks have agreed to re-examine the macroeconomic convergence criteria set as benchmark for member states to qualify for the envisaged monetary union.
Under EAC’s monetary union plan slated for release by 2012, member states have to harmonised inflation rates, Gross Domestic Product (GDP) levels, fiscal deficit and foreign reserve covers.
The five central banks which met in Arusha recently said the prior criteria…Continue
Added by Linda Larbie on January 31, 2011 at 7:30pm — No Comments
KCB Group today announced a sponsorship deal of Kshs 8.7 million for the East African Golf Tour 2011 Series. The prize money for the winners will include a bonus for the best placed professionals in the KCB order of Merit. The bank has sponsored the tour for the last four seasons, first as the KCB Pro-Am Tour in Kenya and last year as a regional tour.
“Our objective is to continue to grow this championship to a level where it will attract top regional and continental golfers to…
Added by Linda Larbie on January 25, 2011 at 12:59pm — No Comments
Minister of Trade and Industry on Wednesday said Ghana was targeting about five billion dollars from non-traditional exports by 2015. This, she said, should compare with current earnings of around one billion dollars.
She made the statement at a sod-cutting ceremony for work to commence on a 2.5 million-dollar…
Added by Linda Larbie on January 18, 2011 at 4:30pm — No Comments
KCB has grown its business and returned excellent results over the last decade evidenced by the turnaround from a loss of KShs.4.2 billion in 2002 to a profit before tax of KShs.6.3 billion in December 2009 and KShs.6.5 billion as at September 2010. With the recent successful raising of KShs.12.5 billion of new capital, the Bank is now poised for accelerated growth to enhance shareholder value and move towards its vision which is TO BE THE PREFERRED FINANCIAL…Continue
Added by Linda Larbie on January 12, 2011 at 3:20pm — No Comments