Finance

SA banks to use fingerprint verification

Standard_Bank_Rotunda_Speedwell_Building_Booysens_Road_loThe South African Banking Risk Information Centre (Sabric) has entered into a partnership with the Department of Home Affairs that will allow banks in South Africa to conduct online fingerprint verification of bank clients.

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National development plan launched in Uganda

The Uganda government recently launched it's ambitious five-year national development plan which requires 54 trillion shillings to transform the country into a modern and prosperous one within 30 years.

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Palm oil processing underway

The palm oil processing plant on the Lake Victoria island of Bugala has commenced with operations and is expected to save Uganda $60mn a year on vegetable oil importation.

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SA provincial government and banking group cooperate in affordable housing drive

The KwaZulu-Natal provincial government in South Africa and Standard Bank Group (SBG) have agreed on a series of measures to identify and develop affordable housing projects across the province.

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Tea company enters Ethiopia

Kanan Devan Hills Plantations Company (KDHP) that owns and runs Tata Tea estates in Munnar (Kerala), is planning to go global by entering into a joint venture with a tea company in Vietnam and acquiring management control of an Ethiopian tea estate.

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