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11/04/2013

ICMA publishes 2013 legal opinions on global master repo agreement

The International Capital Market Association (ICMA), the leading trade association for the international capital market, has today published the 2013 legal opinions which support the Global Master Repurchase Agreement (GMRA), the standard agreement used for international repo transactions. The 2013 opinions support the use of the GMRA in 63 jurisdictions worldwide, with the notable addition…
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11/04/2013

Harmony Gold announces lower quarter on quarter gold production

Harmony Gold Mining Company Limited announced today that it expects its gold production for the quarter ended 31 March 2013 to be approximately 15% lower than in the previous quarter. Harmony Gold attributes this dip in gold production to a number of factors, including the temporary closure of the Kusasalethu gold mine in South Africa for safety reasons. Although…
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10/04/2013

Foreign assets of the top 20 Israeli MNEs exceeded US$ 18 billion in 2011

Recanati Business School of Tel Aviv University, The Manufacturers Association of Israel, and the Vale Columbia Center on Sustainable International Investment (VCC), a joint center of the Columbia Law School and the Earth Institute at Columbia University in New York, are releasing the results of their fifth annual survey of Israeli multinational enterprises (MNEs) today. The survey…
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10/04/2013

ECOBANK targets higher profit in 2013

The Group Chief Executive Officer of Ecobank Transnational Incorporated (ETI), Mr Thierry Tanoh, said on Monday that the bank was targeting a 50 per cent revenue growth this financial year. Making the disclosure at the bank’s “Facts Behind the Figures” forum at the Nigerian Stock Exchange (NSE) in Lagos, Tanoh said that the bank’s revenue…
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10/04/2013

African Development Bank and Carlyle Group discussing business at University of Cape Town

The African Development Bank (http://www.afdb.org) and The Carlyle Group will host their inaugural joint initiative called ‘In the Board Room’ program in partnership with the University Of Cape Town Graduate School of Business “UCT”.The ‘in the Board Room’ initiative is envisaged for global leaders in business to business schools and campuses across Africa to share…
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09/04/2013

Guaranty Trust Bank is targeting East Africa

Guaranty Trust Bank Plc (GUARANTY), Nigeria’s largest lender by market value, will open units in Kenya, Tanzania and Uganda as it seeks to expand in East Africa, Chief Executive Officer Segun Agbaje said. The bank will “acquire lenders that are not that large, but profitable in those countries in the short term,” he said in a…
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09/04/2013

Ecobank to partner with India’s second-biggest bank

Pan-African lender Ecobank Transnational has signed a memorandum of understanding (MoU) to partner with India’s second-largest bank, ICICI, to make itself a hub for Indian investment into Africa, Ecobank’s CEO said on Monday. CEO Thierry Tanoh told the Reuters Africa Investment Summit that a similar alliance with South Africa’s Nedbank had helped it gain better…
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