Africa
Angola’s central bank reopens office after delays
Branch was reportedly completed in 2017 but has lain dormant following governor dismissal
Press conferences tend to be held for every monetary policy decision
The events can be a valuable tool for policy transparency and clarity
Sarb governor urges shift to narrow inflation target
Kganyago says it was a “mistake” to maintain a target band for so long
People: Former Malawi governor dies
RBNZ deputy governor departing; new appointments in Nigeria; and more
Policy-maker votes largely kept secret
Most central banks do not reveal how individual monetary policy-makers vote
Zambia holds rates despite double-digit inflation
Governor says inflation will decelerate faster than expected despite being three times target rate
Asset purchase programmes prevalent among advanced economies
But just 17% of emerging market economies said they operate a purchase programme
Bank of Ghana wins legal case against ‘corrupt’ firm
Central bank says it uncovered bribery and a corrupt tender process during investigation
IMF urges Bank of Sierra Leone to investigate cash shortages
Recent banknote shipment failed to alleviate shortage, fund says
Third parties often develop RTGS technology
Seventy-one percent of respondents said the technology underpinning their RTGS system was developed solely by a third party or in collaboration with the central bank
Uganda’s growth unlikely to return to pre-pandemic levels until 2024
Central bank governor says tourism sector has been hit by Covid containment measures
Liberia’s central bank expands monetary policy committee
Governor and deputy governor reappointed
Malawi launches corporate social investment policy
Policy will see central bank embark on projects supporting society
South Africa’s new crypto framework: ‘neither hostile nor friendly’
Risk-based approach will bring crypto operations within South Africa’s regulatory perimeter
Most central banks communicate in at least two languages
Central banks must weigh challenge of translating sensitive messages against reach
Recipe for a chief (fin)tech officer
Private-sector experience, a knowledge of supervision and a zest for innovation are key ingredients for a chief fintech officer
Email top for internal central bank communications
In-house platforms, events and seminars also widely used
Somalia’s governor on rebuilding its central bank
Governor Abdirahman Mohamed Abdullahi discusses reviving Somalia’s war-damaged economy, re-creating a payments system, and dealing with remittances
South African Reserve Bank: the first 100 years
Central bankers and academics reflect on a tumultuous first century for Africa’s oldest central bank
Monitoring tools critical to measuring comms effectiveness
Facebook and YouTube remain most popular social media options, but some central banks are experimenting with others
Vast majority of central banks provide communications training
Social media, writing skills and public speaking emerged as key areas
Sarb celebrates centenary with virtual ceremony
Tributes were paid by former governors, regional central bank representatives and the heads of the IMF and BIS
Academics miss out on central bank background briefings
After journalists, private sector analysts are offered briefings most often
Fintech communication is most challenging for central banks
Central banks view fintech as greatest challenge, but rate monetary policy communication highly