Africa
South Africa's Reserve Bank in Atlanta mission
SOUTH AFRICA - South Africa's central bank governor will meet leading African-Americans in Atlanta next week in an effort to boost US investment in the country.
SA Reserve Bank to learn about inflation targeting
SOUTH AFRICA - Experts from the South African Reserve Bank (SARB) are to learn more about inflation targeting from their Canadian counterparts, in terms of an agreement signed in Pretoria on Wednesday.
African Development Bank - Annual Report 2000
ANNUAL REPORT - The African Development Bank Group's Annual Report for 2000 can now be accessed online.
Speech by Omar Kabbaj, president of AFDB, 28 May
SPEECH - Omar Kabbaj, president of the African Development Bank, gave a speech on "Enhancing the Development Effectiveness of the African Development Bank" at the opening session of the annual meetings of the African Development Bank and Fund in Addis…
Paul O'Neill and pop star argue over aid issue
UGANDA - The Washington Post reports that US Treasury Secretary Paul O'Neill and Irish rock star Bono have apparently fallen out, over the issue of digging wells, during a joint 10-day trip around Africa to investigate the aid issue. O'Neill has…
Mboweni urges Deutsche Bank disclosure
SOUTH AFRICA - SA Reserve Bank governor Tito Mboweni on Monday said it was important that details of a deal struck between the SARB and Deutsche Bank be made available to the rand commission of inquiry.
Mboweni willing to tell all
SOUTH AFRICA - South African Reserve Bank governor Tito Mboweni on Monday said he was willing to disclose details of a confidential deal reached between the SARB and Deutsche Bank to boost South Africa's foreign exchange reserves.
Dlamini-Zuma confirms launch of African Union
SOUTH AFRICA - The July launch in Durban of the African Union (AU) will go ahead despite contrary advice obtained from a panel of some of the continent's "eminent people", Foreign Affairs Minister Nkosazana Dlamini-Zuma said yesterday. The AU Act…
Speech by Tito Mboweni, RB of South Africa, 7 May
SPEECH - In the speech 'Recent Economic Developments' Mboweni said there have recently been encouraging signs that the global slowdown has bottomed out. Business and consumer confidence have strengthened, leading indicators have turned up, industrial…
Speech by H Kohler, Managing Director, IMF, 3 May
SPEECH - International Monetary Fund chief Horst Koehler on Friday ended a tour of Africa with a conference aimed at attracting new investors to Ghana, and said in a speech titled 'Building a Better Future in Africa' that the latest U.S. efforts to…
Rand revival hits five-month high
SOUTH AFRICA - South Africa's battered currency continued its dramatic revival on Monday as the rand climbed to its best level against the dollar since November last year.
Speech by Tito Mboweni, RB of South Africa, 24 Apr
SPEECH - At a graduation ceremony speech Mboweni said "At my place of work, the South African Reserve Bank, we operate in a highly internationalised environment. Given our historic past, our recruitment drive has been focused on African, Coloured, Indian…
BOU forex strategy may be paying off
UGANDA - The Bank of Uganda's (BOU) new strategy of intervening into the foreign exchange market without disclosing amounts sold, seems to be working, reports New Africa News.
SA Reserve Bank hits back at its critics
SOUTH AFRICA - The Reserve Bank has mounted a counter attack against bankers who told the rand commission that the rand's crash last year was caused in part by the Bank's October circular enforcing exchange controls more strictly.
Banjul joins single currency
GAMBIA - The Gambia has joined five other countries in the West African sub-region in the introduction of a single currency, the West Africa Second Monetary Zone ( WAMZ).
S Africa c bank reiterate difference with Zimbabwe
SOUTH AFRICA - South Africa's central bank reiterated on Monday the factors that distinguished its economy from neighbouring Zimbabwe, whose woes have dented investor confidence in the region and adversely hit the rand.
S Africa cenbank says property rights protected
SOUTH AFRICA - South African central bank Governor Tito Mboweni on Friday urged global investors to distinguish between his country and Zimbabwe, which is grappling with a worsening political and economic crisis.
South Africa raises interest rates
SOUTH AFRICA - South Africa's Reserve Bank has raised interest rates by one percentage point to 11.5% to counter the inflationary impact of the rand's steep slide last year.
Reserve Bank of South Africa Media Release
MEDIA RELEASE - Commission of inquiry into the rapid depreciation of the exchange rate of the rand, 13 March.
Zimbabwe election fears hit rand
SOUTH AFRICA - Less than a day ahead of Zimbabwe's bitterly contested presidential election, South Africa's currency is feeling the pinch.
South African gold output falls sharply
SOUTH AFRICA - South African production of gold slipped by more than 8% in 2001, the Chamber of Mines of South Africa has reported.
Speech by Tito Mboweni, Res Bank of South Africa
SPEECH - In the speech made 9 February Mboweni said there is a need for a mechanism to inject additional liquidity into the world economy during times of stress. He said that reform of the international financial system should also address the problem of…
South African bank's accounts frozen
SOUTH AFRICA - Deposits have been frozen at the eighth largest bank in Africa after bankruptcy fears spurred savers to withdraw more than 1bn rand (£61m; $87m) last week.
Speech by Tito Mboweni, Res Bank of South Africa
SPEECH - Mboweni said in the speech titled, 'Globalisation and implications for monetary policy in South Africa' that we are witnessing the global acceptance by political leaders of the independence of central banks as a critical factor for credible…