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BANKING & FINACIAL SERVICES

BoT rule, election hangover haunt commercial banks

    BoT rule, election hangover haunt commercial banks

MAJORITY of banks saw their profits dwindling, with some suffering losses in this year’s first quarter, although a handful of them posted marginal profit increase. The banking sector normally experiences

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CRDB now eyes big borrowers

    CRDB now eyes big borrowers

CRDB Bank ability to lend has reached 150bn/- to a single customer thanks to the bank’s over 500bn/- capital base. The amount follows a successful rights issue that saw the

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World Bank Supports Improved Trade Facilities and Procedures at the Borders of DRC, Rwanda and Uganda

    World Bank Supports Improved Trade Facilities and Procedures at the Borders of DRC, Rwanda and Uganda

About 80,000 traders and their families in Africa’s Great Lakes Region whose livelihoods depend on cross-border trade will benefit from greater food security, more jobs, and an overall increase in

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World Bank Supports Closer Dialogue Between Banking Supervisors and External Auditors in Europe

    World Bank Supports Closer Dialogue Between Banking Supervisors and External Auditors in Europe

VIENNA, September 28, 2015 – More than a hundred of Europe’s leading practitioners in banking, including banking supervisors, external auditors of banks, and other representatives from the banking sector, met

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Financial magazine crowns NMB best bank in three years

    Financial magazine crowns NMB best bank in three years

NATIONAL Microfinance Bank (NMB) has been recognised by Euromoney, the global financial markets magazine as the best bank locally and

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Shilling seen stable against US dollar

    Shilling seen stable against US dollar

THE increased inflows of agricultural export proceeds continued to contribute significantly to the strengthening of the shilling. Also the increased

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Mozambique’s Efforts to Improve Access and Quality of Education Receive a New Boost

    Mozambique’s Efforts to Improve Access and Quality of Education Receive a New Boost

The World Bank Board of Executive Directors approved today the second additional financing to the Republic of Mozambique’s Education Sector

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Tanzania and the World Bank Group Commemorate 50-Year Partnership

    Tanzania and the World Bank Group Commemorate 50-Year Partnership

The World Bank Group and the Government of Tanzania are commemorating 50 years of development partnership since 1965 when the

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NMB set to push nation to cash-less society

    NMB set to push nation to cash-less society

THE National Microfinance Bank (NMB) said yesterday it plans to enhance financial inclusion using mobile phone technology blended with internet

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Tanzania’s Strong Economic Growth Shows Signs of Trickling Down

    Tanzania’s Strong Economic Growth Shows Signs of Trickling Down

DAR ES SALAAM, Tanzania, Sustained rapid economic growth and concerted efforts around national strategies to alleviate poverty have led to a decline of approximately one percentage point per year in

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