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Stakeholders in the insurance industry yesterday emphasised on the need for increased number of people using insurance services in the country, in a bid to make the sector contribute more to the Gross Domestic Product (GDP).

The Electronic Money Collection Project will take place under the slogan "Towards Integrated Applications of Financial and Accounting Systems".

Tanzania has amended its insurance law to give two-thirds ownership of brokerage firms to locals.

Nigeria has significant infrastructure investment gap put at $878 billion out of $97 trillion global needs, to address economic growth and existing shortfalls from now till 2040.

Zimbabwean monetary authorities should let the market determine the true value of the bond note currency to curb its externalisation and in turn reduce cash shortages, a leading economist has said.

If monetary policy signals enforced by the Bank of Uganda are not being felt within the market, that means financial inclusion initiatives are not yet successful, the former governor of the Central Bank of Kenya has said.

Ethiopia gets a new financial inclusion strategy that aims at widening access to the unbanked population to get financial services and increase the number of account holders.

Ecsponent Limited's controlling shareholder and Brainworks Capital founder George Manyere has unveiled a $200 million investment fund targeting key infrastructure projects in Zimbabwe.

A latest Bank of Ghana (BoG) report indicates that the highest average interest rate paid on deposits by commercial and universal banks operating in the country is a little over 17 per cent.

The east African Securities Exchanges Association (EASEA) instructed its technical committee to accelerate the implementation of The common infrastructure of the capital markets.

The setting up of a women's bank that will provide financial support to small and medium enterprises run by women is now at an advanced stage, a Cabinet minister has said.

A branch of the Industrial Development Bank was opened in the South Darfur capital of Nyala on Monday, as an addition to the quality of banks in the state.