AG Reports R1.6 Billion Loss in Municipal Funds Linked to Defunct VBS Bank Investments
The Auditor General (AG) has reported that municipalities lost R1.6 billion after investing in the now-defunct Venda Building Society (VBS)…
Tag: Bank
Land Bank Secures Historic Debt Restructuring Agreement
After years of challenging negotiations, the Land Bank has achieved a groundbreaking deal with its lenders to restructure its substantial…
Libya’s Two Factions Agree on Central Bank Governor
Libya’s two legislative bodies, the House of Representatives in Benghazi and the High State Council in Tripoli, have agreed to…
BRICS New Development Bank Welcomes Algeria as Member
Algeria has been granted membership in the BRICS New Development Bank (NDB), according to the bank’s president, Dilma Rousseff. Established…
Cop and Soldier Among 5 Bank Robbers Arrested After Nearly 2 Years in Matebeleland North
Cop and Soldier Among 5 Bank Robbers Arrested After Nearly 2 Years in Matebeleland North The Zimbabwe Republic Police (ZRP)…
Ethiopia’s Central Bank Governor Hails Currency Float as ‘Transformative’
Ethiopia’s central bank governor, Mamo Mihretu, has described the recent decision to float the birr on the open market as…
Libya’s Central Bank Governor Dismissed by Tripoli-based Government
One of Libya’s governing bodies, the Tripoli-based Presidential Council, has dismissed Central Bank Governor Sadiq al-Kabir, replacing him with Mohamed…
Namibian Bank Heist: How Mugabe’s Pilot Funnelled Millions in Stolen Funds Through South African Law Firm
Namibian Bank Heist: How Mugabe’s Pilot Funnelled Millions in Stolen Funds Through South African Law Firm A staggering N$18.8 million,…
Ethiopia’s Currency Float Decision Leads to $1 Billion World Bank Credit
Ethiopia has secured a $1 billion credit from the World Bank, following the country’s decision to allow its currency to…
Break the bank for Prince Dube, Kaizer Chiefs advised
Former Kaizer Chiefs midfielder Fees Moloi has advised the Soweto giants to break the bank for Tanzania-based Zimbabwean striker Prince…