March 28, 2017/Reuters By Ulf Laessing, Karin Strohecker and Sujata Rao Earlier this year, an open letter in the Nigerian media from a group of businessmen attacked the “shameful” record of central bank governor Godwin Emefiele and demanded that he should go. With Africa’s largest economy in recession for the […]
Money Market
South Africa’s rand, government bonds tumble as political risks weigh
March 28, 2017/Reuters South Africa’s rand and government bonds extended losses early on Tuesday after President Jacob Zuma asked Finance Minister Pravin Gordhan to return early from an investor roadshow, triggering speculation of an imminent cabinet reshuffle. (Reporting by Olivia Kumwenda-Mtambo; Editing by Andrew Heavens)
Kenyans abroad are the biggest senders of mobile to mobile remittances
March 28, 2017/WorldRemit To mark the 10th anniversary of ground-breaking mobile money service M-PESA, WorldRemit (www.WorldRemit.com) has released new data showing that the Kenyan diaspora is the biggest sender of digital remittances to mobile accounts. Transfers to mobile money accounts make up 93% of WorldRemit transactions to Kenya now – […]
