2012-02-28 12:17:43Hitting One Trillion in Assets[Independent]
Between 2007 and 2010, Rwanda's banking sector faced dramatic turbulence. "The banking sector at the end of 2008 was suffering from high levels of Non-Performing Loans [bad loans], lack of liquidity [lack of cash], poor infrastructure, high operating losses and bad controls," said the Managing Director of Rwanda Commercial Bank (BCR) Anand Sanjeev.
Saturday, 12-07-13, 7:48South Sudan Mourns Nelson Mandela[VOA]South Sudan on Friday announced three days of mourning following the death of anti-apartheid leader and former South African President Nelson Mandela.
Saturday, 12-07-13, 7:45Guebuza Pays Tribute to Nelson Mandela[AIM]Maputo -The death of Nelson Mandela, the first democratically elected president of South Africa, means “the silencing of the fighting voice of a man who was an example of courage and determination in the battle to transform noble ideas into reality”, declared Mozambican President Armando Guebuza on Friday.
Saturday, 12-07-13, 7:41MDM to Appeal Against Election Results[AIM]Maputo -The opposition Mozambique Democratic Movement (MDM) is planning to appeal to the Constitutional Council, the country's highest body in matters of constitutional and electoral law, against the results of the 20 November municipal elections, as announced on Thursday by Abdul Carimo, chairperson of the National Elections Commission (CNE).
Saturday, 12-07-13, 7:36Bomb Blast Kills Federal MP in Mogadishu[Garowe Online]Federal Member of parliament and the chairman of parliamentary sub-committee on social affairs Mohamed Warsame Faysal was killed in a bomb blast in Mogadishu on Friday, Garowe Online reports.
Saturday, 12-07-13, 7:34Foreign Shop Owners in Panic[Financial Gazette]HUNDREDS of shop owners of foreign descent with enterprises in sectors reserved for locals have in the past week been in a flurry approaching authorities with applications to indigenise their businesses ahead of a January 1, 2014 deadline that could see them prosecuted should they continue operating without certification.Following recent remarks made by the permanent secretary for the Ministry of Youth, Indigenisation and Economic Empowerment George Magosvongwe before the Parliame-ntary Portfolio Committee