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Banking & Finance

Standard Chartered wants to double its income from the African continent in the next five years. (Image source: Standard Chartered)

Standard Chartered will attempt to consolidate its position in Africa by investing US$100mn into its operations across the continent by 2015

Image source: Wikimedia Commons/Kolekcjoner-AD.

Barclays Bank of Zimbabwe Ltd has introduced automated fraud detection and monitoring systems for international and local debit cards, according to the company’s managing director, George Guvamatanga

Standard Bank headquarters in Johannesburg. (Image source: Wikicommons)

South Africas Standard Bank may sell 60 per cent of its UK commodities and foreign exchange trading businesses to the Industrial & Commercial Bank of China (ICBC) for at least US$600mn

The Bank of China headquarters in Hong Kong. (Image source: Laure Wayaffe/Flickr)

The Bank of China has increased its activities in Uganda by establishing a partnership with a local bank and has plans in place to open up special desks in the country to deal with traders going to China

The focus of projects to be funded will be to establish stable electricity distribution across Ethiopia. (Image source: Accretion Disc/Flickr)

The Development Bank of Ethiopia will offer up to US$20mn to private companies in an attempt to accelerate development of renewable energy and energy efficient products

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