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| Business Week
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Auditor General’s report reveals 20 year-old losses
The Auditor General’s report on government’s accounts, which was released on Tuesday has revealed accumulated losses of public funds that date back to the 1980s.Banks drag feet in reducing interest rates
By close of business yesterday no commercial bank in the country could confirm when it would correspondingly move to slash prime lending rate to follow Central Bank’s rate cut. Barclays airs £2.8bn Absa offer
Barclays is waiting for a reaction from investors in South Africa’s biggest retail bank after discussing a bid for 60% of its shares, the bank has said.Chinese exports menace Africa textile firms
NAIROBI: Faced with factory closures and job cuts, African textile players said on Wednesday they hoped action to limit China’s textile exports would give them time to develop their industry.
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