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30-10-2014 23:52:00 | by: Default Admin User | hits: 4330296 | Tags:


Bank of Ghana set to unveil new GH¢5 notes
20-01-2017 | 11:35:00
Bank of Ghana has announced that it will unveil new bank notes in five cedi denominations from March as the regulator celebrates its 60th anniversary.
Nevine Kashmiri appointed United Bank of Egypt's assistant Managing Director of funding large enterprises, SMEs
20-01-2017 | 06:49:58
The board of United Bank of Egypt has appointed Nevine Kashmiri as the assistant to the managing director of the department for funding large, and small- and medium-sized enterprises (SMEs).
[Egypt] Afreximbank announces new strategic plan targeting $90b disbursement for African trade over five years
19-01-2017 | 11:48:00
The African Export-Import Bank (Afreximbank) has announced the inception of new five-year strategic plan that will see the African continental trade finance institution disburse no less than $90 billion in support of African trade between 2017 and 2021.
PwC’s 20th annual survey of CEOs worldwide shows rise in confidence despite new risks and uncertainty
19-01-2017 | 11:31:40
Just over one-third (33%) of South African CEOs are very confident of their company’s own growth in the next 12 months, 4 points down on last year, and 5 points below this year’s global average (38%).
[South Africa] Entersekt observes global growth amidst sharper focus on cyber security
19-01-2017 | 10:57:00
South African fintech company, Entersekt, has expanded its worldwide operations and secured contracts with major banks across several continents.
[Nigeria] Manufacturers must get NAFDAC certification before they can access loan - Bank of Industry
19-01-2017 | 10:42:00
The Bank of Industry has included authorization from the National Agency for Food and Drug Administration and Control (NAFDAC) in its conditions for the approval of loan requests by manufacturers of drugs, pharmaceuticals, and food products in Nigeria.
Central Bank of Nigeria bars banks from bitcoin, virtual currencies
19-01-2017 | 10:28:00
The Central Bank of Nigeria (CBN) has barred deposit money banks and all other financial institutions from the operation of any form of virtual currency.
[Nigeria] Wema Bank Targets Unbanked with Solar-Powered Mobile Branch
19-01-2017 | 10:16:55
Wema Bank Plc has launched a mobile branch “Wema Bank on Wheels” that will be accessible to everyone in all parts of the country.
IFC, The MasterCard Foundation and FINCA Support Expansion of Financial Inclusion in The Democratic Republic of Congo
19-01-2017 | 09:55:00
IFC, a member of the World Bank Group, together with The MasterCard Foundation, today announced a cooperation agreement valued at $1 million with microfinance institution FINCA in the Democratic Republic of Congo.
WorldRemit forges strategic partnership with Ghana Union
19-01-2017 | 09:29:44
Digital money transfer service WorldRemit and UK Charity, Ghana Union, today announce a partnership that will support the Ghanaian community in the UK throughout the entire year of 2017 via a wide variety of events and community activities.
[Sierra Leone] Ecobank launches 'Move on up' campaign with eye on technology
18-01-2017 | 16:05:00
The Pan African Ban, ,Ecobank, has launched its new ‘Move On Up ‘consumer campaign that will enable customers to do banking transactions electronically, using mobile phones, internet,ATMS and point of sales(POSs) across the country and beyond.
[Morocco] BMCE Bank fined $90 million for tax evasion
18-01-2017 | 12:05:00
One of Morocco’s leading commercial banks, BMCE bank has been ordered to pay up to $90 million in taxes for the financial years covering 2012-2015 in what is attributed to engaging in acts of tax evasion
[South Sudan] Othom Rago Ajak appointed governor of the Bank of South Sudan
18-01-2017 | 12:03:00
South Sudan President Salva Kiir has appointed former foreign exchange director Othom Rago Ajak to head the Bank of South Sudan, replacing Kornelio Koryom Marik.
The AfDB Group appoints Nigeria's Wale Shonibare as Director for Energy Financial Solutions, Policy and Regulation
17-01-2017 | 09:27:00
The African Development Bank is pleased to announce the appointment of Mr. Wale Shonibare as the Director – Energy Financial Solutions, Policy and Regulation with effect from 9th January 2017.
FNB Namibia invests in modern technology to protect customers’ transactions
16-01-2017 | 14:21:00
In a bid to protect customers’ transactions, FNB Namibia has increased security technology. Security in the online banking space has two points where enhanced security is needed
Bank of Egypt boosts key economic sectors with $53 million injection
16-01-2017 | 14:12:19
Banque du Caire aims to inject more than $53 million in a number of economic sectors during 2017. These sectors include transportation, logistics, construction, industry, food, and commodities.
[Nigeria] Heritage Bank deepens support for agric value chain
16-01-2017 | 08:30:00
Heritage Bank Plc has disclosed plans to partner in the ongoing efforts to revolutionise the country’s agricultural value-chain, particularly the rice farming.
African Development Bank Group approves €200 million loan to support Gabon’s reform program
12-01-2017 | 15:13:08
The Board of Directors of the African Development Bank (AfDB) has approved a € 200 million loan to Gabon to support the country’s economic and financial reforms programme (EFRSP).
Republic of Congo to receive USD250m Afreximbank support for oil fields strategic plan
12-01-2017 | 09:26:02
The African Export-Import Bank (Afreximbank) and the Government of the Republic of Congo yesterday in Cairo signed a facility agreement under which the Bank will provide $250 million in future flow pre-financing to meet the Government’s strategic plan for its oil fields.
FNB Namibia awaiting regulatory approval to acquire Pointbreak and Ebank
12-01-2017 | 08:06:00
Namibia’s largest commercial bank FNB Namibia is awaiting regulatory approval to acquire investment firm PointBreak and Ebank as it seeks to solidify its portfolio in the country.
Qatar International Islamic Bank receives nod to operate in Morocco
11-01-2017 | 10:35:39
Gulf’s third largest Islamic bank, Qatar International Islamic bank has received a nod to start operation in Morocco.
[Nigeria] UBA launches first merchant app for MSMEs
10-01-2017 | 11:00:00
United Bank of Africa has introduced its first merchant-focused app in Africa with the aim of creating a SMART (secure, mobile, accessible, reliable, transparent) network of 100,000 micro merchants and driving financial inclusion.
[Nigeria] First Bank increases mobile app transfer limit to N1m
10-01-2017 | 10:30:00
First Bank of Nigeria Limited has increased transfer transaction limits on its FirstMobile Lifestyle app from N500,000 to a maximum daily limit of N1 million.
[Egypt] Chad Ratifies Afreximbank Establishment Agreement
10-01-2017 | 09:59:02
President Idriss Deby Itno of Chad, has ratified the Agreement on the Establishment of the African Export-Import Bank (Afreximbank), concluding the formalisation of the country’s membership of the continental trade finance bank.
European Investment Bank confirms $97 million support for East African entrepreneurs in 2016
09-01-2017 | 16:40:16
European Union lending arm, the European Investment Bank has confirmed that it lent $97 million to support investment by companies across East Africa in 2016.
[Ghana] UT Bank resumes trading at the bourse after hiatus
09-01-2017 | 16:24:00
UT Bank has resumed trading at the Ghana Stock Exchange following a temporary halt. The bank trading activities was halted by the Ghana Stock Exchange after UT failed to publish its quarterly audited accounts to shareholders
[Egypt] Housing and Development Bank extends branch portfolio to 70
09-01-2017 | 11:10:25
The Housing and Development Bank (HDB) increased the number of its branches to 70 by the end of 2016, after the inauguration of the latest branch in Port Said as the bank seeks to grow its foothold in the region and continent.
[Zimbabwe] CBZ Holdings suspend use of visa cards for local transactions on cash crunch
09-01-2017 | 11:04:59
Zimbabwe’s largest bank CBZ Holdings has suspended the use of Visa cards for local transactions informed by the country’s crisis in handling cash shortage.
[Nigeria] SEC, Central Bank issue guidelines for securities settlement
09-01-2017 | 08:46:00
The Securities and Exchange Commission (SEC), in collaboration with the Central Bank of Nigeria (CBN), has issued guidelines for the settlement of all types of securities in Nigeria.
[Angola] The Savings and Credit Bank cements national foothold with two new branches in capital
06-01-2017 | 13:10:14
The Savings and Credit Bank (BPC) has opened two new branches in Angola’s capital Luanda bringing its total to 444 branches spread across the country.
[Rwanda] Central Bank steps in to tame rising bad loans
05-01-2017 | 14:18:59
A rising number of non-performing loans has seen the Central Bank of Rwanda announce new measures that will see it work closely with financial institutions as it seeks to strengthen its monitoring and supervisory roles.
Value of POS Transactions in Nigeria Hits N651bn
05-01-2017 | 11:02:25
The value of transactions through point of sales (PoS) channels across the country increased significantly by 65 per cent to N651.37 billion between Janaury and November 2016, compared with the N395.05 billion recorded in the corresponding period of 2015.
[Nigeria] UBA Empowers MSMEs with Masterpass QR Payment
05-01-2017 | 10:41:12
The United Bank for Africa (UBA) has introduced its first merchant-focused app in Africa with the aim of creating a SMART (secure, mobile, accessible, reliable, transparent) network of 100,000 micro merchants and driving financial inclusion.
[Nigeria] Keystone Bank chooses NetGuardians for real-time protection against e-banking fraud
05-01-2017 | 10:33:25
Swiss FinTech leader NetGuardians has been selected by Nigeria’s Keystone Bank Limited for real-time protection against eBanking fraud.
Reserve Bank of Malawi projects 5.6 per cent economic growth on robust agricultural sector
05-01-2017 | 10:29:51
The Reserve Bank of Malawi has expressed optimism that the economy will rebound in 2017, predicting domestic economic activity to grow by 5.6 per cent.
[Kenya] Fidelity Bank Board approves Mauritian group takeover bid
05-01-2017 | 10:21:59
The Fidelity Commercial Bank Ltd board of directors has approved a deal to sell the lender to Mauritian financial services group SBM Holdings.
[Morocco] Central Bank gives nod to five Muslim banks to start operations
05-01-2017 | 10:16:06
Morocco’s Central Bank has approved five requests to open participative banks and allowed three banks to sell participative products in the northern African country.
[Nigeria] New e-payment pricing policy coming
05-01-2017 | 09:40:28
The Central Bank of Nigeria (CBN) has deregulated the Merchant Service Charge (MSC) and will be implementing a new pricing regime on electronic transactions by the second quarter of this year.
Nigerian fintech scene shows record expansion
03-01-2017 | 11:19:00
Africa has caught the world’s attention with its advancements in the financial technology (fintech) space and usage of mobile money. The Nigerian fintech landscape, specifically, has the ability to become one of the most significant leaders in Africa’s innovation.
[Kenya] Barclays, China UnionPay partner in automated card and payment services
03-01-2017 | 11:11:00
Barclays Bank of Kenya has launched a partnership with China UnionPay, which will allow UnionPay cardholders to transact at Barclays’ ATMs and point-of-sale devices across the country.
[Nigeria] GTBank appoints Babatunde Soyoye Independent Non-Executive Director
02-01-2017 | 11:25:00
Guaranty Trust Bank Plc has appointed Mr. Babatunde T. Soyoye as an independent non-executive director to fill the vacancy created on the Board by Mr. Andrew Alli, who retired from the bank as independent non-executive director.
Djibouti ratifies Afreximbank establishment agreement, signs agreement for industrial development
02-01-2017 | 10:46:00
Djibouti has entered into an agreement with the African Export-Import Bank (Afreximbank) to collaborate in the financing and promotion of the country’s industrial base for export manufacturing and in the development of its trade-related infrastructure.
World Bank and Egypt sign a USD1bn Loan to Support Inclusive Growth in Egypt
02-01-2017 | 10:20:59
The World Bank and Ministry of International Cooperation has signed the loan agreement for USD 1 billion for the Second Fiscal Consolidation, Sustainable Energy, and Competitiveness Programmatic Development Policy Financing (DPF) for Egypt.
[Namibia] FNB concludes deal to acquire Pointbreak and Ebank
23-12-2016 | 12:10:00
FNB Namibia has successfully concluded a deal to acquire 100% of Pointbreak and Ebank according to Simonis Storm Securities.
[Kenya] Apollo Njoroge appointed as Faulu Kenya CEO
23-12-2016 | 09:20:28
Faulu Microfinance Bank, a member of the UAP Old Mutual Group, has hired Mr. Apollo Njoroge as its CEO.
Nigeria to host CashlessAfrica Expo next year
22-12-2016 | 08:41:00
Digital disruption is shifting the balance stay of power in financial services and influencing the way millions of people bank their money, make payments, remittances and more.
[Ghana] Mastercard, Zenith partner to strengthen banking system
22-12-2016 | 08:15:00
Mastercard and Zenith Bank have included Ghana as part of their partnership in West Africa. The agreement is geared towards issuing a suite of digital payment solutions that include prepaid, debit and credit cards which was made available from December 14, 2016.
[Ghana] Social Security and National Insurance Trust acquires stake in Access Bank
21-12-2016 | 15:00:00
State pension fund manager Social Security and National Insurance Trust (SSNIT) has acquired a stake in Nigerian Bank, Access bank Ghana.
Egypt loosens rules on mobile money
20-12-2016 | 10:31:28
Central Bank of Egypt releases the new version of the regulations governing Mobile Payment Services to expand their usage.
African Development Bank signs USD500m, 2nd tranche of budget support loan for Egypt
20-12-2016 | 10:00:00
The African Development Bank, on 19th December 2016, signed a loan of US$ 500 million to finance the Egypt Economic Governance and Energy Support Program Phase II.
Access Bank Ghana rolls out new mobile application
20-12-2016 | 09:51:50
Access Bank Ghana has upgraded its existing mobile banking application, designed to make banking more flexible for customers.
[Column] Korede Ologun: Evaluating Economic Expansion for Nigeria
19-12-2016 | 12:00:00
The fiscal roadmap presented by the Finance Minister at the Lagos Business School Annual Dinner for 2016 is a broad spectrum of implicit ideas targeted at improving the status quo.
[Zimbabwe] CBZ Holdings targets smallholder farmers with $70 million credit facility
15-12-2016 | 16:19:33
CBZ Holdings has set aside $70 million for the 2016/17 summer cropping season targeted at small-scale and large-scale farmers in a bid to transform the agriculture sector through the provision of accessible loans.
Afreximbank Appoints Cameroonian Rene Awambeng Director of Client Relations
15-12-2016 | 09:28:00
The African Export-Import Bank has announced the appointment of Rene Awambeng, formerly of Ecobank Transnational Inc., as Director, Client Relations (Headquarters and Branches).
FNB South Africa and Sterling Bank Nigeria win global award
15-12-2016 | 08:52:25
FNB has won the title of Excellence in Mobile Banking at the Lafferty Global Awards in Cape Town, jointly with Sterling Bank of Nigeria.
[Uganda] Mobile money transactions reach over 2 million daily
15-12-2016 | 08:39:55
In 2009, when mobile money services were launched, 3 million transactions were concluded in a year, but by July 2016 there were over 2 million transactions daily.
[Nigeria] Customers Risk Losing Money if we License Telcos – CBN
15-12-2016 | 08:33:00
The Central Bank of Nigeria has said its decision not to allow telecommunication companies lead mobile money model was to protect customers from losing money as it would not be able to regulate the telcos.
AfDB approves USD250m loan and EUR5m grant for rebuilding and stabilization in North East Nigeria
15-12-2016 | 08:12:20
The AfDB Board of Directors has approved a financing package comprising USD 150 million ADB Loan, USD 100 ADF Loan and the EUR 5 million RWSSI Grant Facility, to finance the Inclusive Basic Service Delivery and Livelihood Empowerment Integrated Programme
[Ghana] Premium Bank starts operations with eye on technology
14-12-2016 | 15:22:06
Premium Bank, formerly known as City Investment Company (CIC), has officially begun operations with the focus on utilizing technology to drive growth, boost customer base and become a dominant player in the banking space in half a decade.
[Tanzania] Stanbic relaunches private banking services to net high end customers
14-12-2016 | 14:30:43
Stanbic Tanzania has relaunched its private banking services as it seeks to tap into high end customers and improve overall banking experience.
[Column] Chinedu Moghalu: Crowding the private sector into Africa's climate action
13-12-2016 | 11:27:39
The global community for climate action was spooked by the November 8 election of Donald Trump as the next President of the United States. The US President-elect had earned the sobriquet of “climate denier,” for his claim that climate change is a hoax.
[Nigeria] Wema Bank and Etisalat launch tier-1 account for youth
13-12-2016 | 10:24:00
Wema Bank Plc and Etisalat Nigeria have partnered to introduce WemaEasySavers, a Tier-1 savings account aimed to ensure financial inclusion for more Nigerians especially the youth.
[Ghana] DreamOval to Improve Money Transfer with New Mobile App
13-12-2016 | 09:31:20
DreamOval Limited has introduced a new version of the Slydepay mobile App – a disruptive mobile money app that enables smooth money transfer, merchant and person to person payments into the Ghanaian market.
AfDB appoints MCB Investment Management as Fund Manager for its first Fixed Income ETF in Africa
12-12-2016 | 09:44:11
The African Development Bank has appointed MCB Investment Management, a subsidiary of MCB Capital Markets, as Fund Manager for its first multi-jurisdictional Fixed Income Exchange Traded Fund in Africa.
Burkina Faso exceeds its objectives for its development plan
12-12-2016 | 09:37:35
The President, His Excellency Roch Marc Christian Kaboré, and the government of Burkina Faso, managed to mobilise almost 28 billion euros (18,500 billion CFA francs) within the framework of the conference of partners for the financing of the National Economic and Social Development Plan.
PTA Bank rebrands to Trade and Development Bank as it targets increased financing
09-12-2016 | 06:21:20
The Eastern and Southern African Trade and Development Bank, commonly known as PTA Bank, has changed its official brand name to TDB (Trade and Development Bank) as it seeks to increase financing.
East African CSOs advocate for African funding to increase trust and legitimacy
08-12-2016 | 12:30:00
The African Development Bank’s (AfDB) series of regional consultations meeting with Civil Society Organizations (CSOs) continues across the continent. The East African leg opened yesterday in Nairobi, Kenya with CSOs advocating for financial support from African source.
AfDB Group approves the first Multi-jurisdictional Fixed Income ETF in Africa
08-12-2016 | 11:46:00
The Board of Directors of the African Development Bank (AfDB) has approved a seed equity capital investment of USD 25 million into the African Domestic Bond Fund (ADBF).
[Nigeria] GTBank, British Council Unveil First Outdoor Sculpture by Yinka Shonibare in Lagos
08-12-2016 | 11:03:00
Guaranty Trust Bank has partnered the British Council, the UK’s international organisation for cultural relations and educational opportunities, to sponsor the installation of the Wind Sculpture VI by renowned British-Nigerian artist, Yinka Shonibare MBE in Ndubuisi Kanu Park, Ikeja, Lagos.
Afreximbank highlights role of intra-regional trade in Africa’s economic resilience
08-12-2016 | 10:44:44
"Active participation in intra-African trade has made it possible for a number of African countries to maintain resilient trade figures in the midst of falling commodity prices that have led to an overall sluggish economic growth story on the continent."
Getahun Nana appointed President Development Bank of Ethiopia
08-12-2016 | 07:01:00
Getahun Nana, vice-governor and director of bank supervision division at the National Bank of Ethiopia (NBE), has been appointed to lead the Development Bank of Ethiopia (DBE), a policy-lender bank which has financed major investment projects in Ethiopia worth billions of birr over the years.
Egypt and China in currency swap deal to ease Cairo’s foreign reserves
08-12-2016 | 06:57:14
The Egyptian and Chinese central banks have signed a $2.6 billion currency swap agreement which would ease pressure on Cairo’s foreign reserves, Egypt’s central bank said.
Central Bank of Liberia issues new regulations on money transfer
07-12-2016 | 06:12:57
The Central Bank of Liberia (CBL) has issued a new regulation governing inward personal remittances received via money transfer institutions from abroad.
Development Bank of Ethiopia revises lending conditions to foreign horticulture investors
06-12-2016 | 16:01:50
State owned Development Bank of Ethiopia has reworked its lending policy to cater to foreign horticulture investors as the country looks to entice international investors to invest more into the fledgling industry.
[Zimbabwe] Steward Bank launches 'Square Banking'
06-12-2016 | 10:43:15
In a bid to make banking easier in Zimbabwe, according to ZimTech Steward bank has announced the launch of Square Banking, a banking facility that performs banking transactions on a mobile device.
[Nigeria] Huawei, Access Bank, PHN Stake N50m on Health Scheme
06-12-2016 | 10:18:00
Huawei Technologies in collaboration with Access Bank Plc and Private Sector Health Alliance of Nigeria (PHN) has staked N50 million to support the drive for eradication of diseases in the country.
[Egypt] Soha Soliman appointed Deputy Chairperson of Bank of Cairo
06-12-2016 | 10:11:13
Soha Soliman, the former managing director of the Social Fund for Development, SFD, has been appointed deputy chairperson of Banque du Caire following a cabinet decree.
[Nigeria] Africa Finance Corporation and Banque Centrale Populaire sign MoU to enhance cooperation
06-12-2016 | 10:10:47
Africa Finance Corporation (AFC), a pan-African multilateral development finance institution and project developer, has this week signed a MoU with Moroccan bank Banque Centrale Populaire (BCP) to increase collaboration on financing vital infrastructure projects in North and Sub-Saharan Africa.
FBNBank Ghana unveils TransFast Money to widen customer base
06-12-2016 | 10:08:48
FBNBank Ghana has introduced TransFast Money, a global remittance service as it seeks to increase its customer base and foothold.
Visa partners Ecobank to drive mVisa mobile payment in several African countries
06-12-2016 | 09:15:00
Visa, has entered into partnership with Ecobank, to roll out “mVisa,” an innovative mobile payment service in 33 African markets by year-end.
“PayU” simplified payment system debuts in Nigeria
05-12-2016 | 11:13:00
A global online payment service provider “PayU” has been introduced in Nigeria with innovations that will continue to make the market more competitive.
SimbaPay launches mobile money transfer service to Ghana and Uganda
05-12-2016 | 10:58:19
SimbaPay – a London based digital money transfer provider – today announced the launch of its money transfer service to Ghana and Uganda. Using the SimbaPay app or website, Ghanaians and Ugandans living in Europe can now send money to mobile phones in Ghana or Uganda instantly.
Africa is still a difficult region for paying taxes - PwC report
05-12-2016 | 10:00:00
Economies around the world continue to make progress in simplifying and reducing the burden of tax compliance on business, according to the latest edition of Paying Taxes 2017, a report by the World Bank Group and PwC.
[Nigeria] AfDB and UBA sign USD150m Line of Credit
02-12-2016 | 10:15:00
The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a US$ 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria.
Societe Generale partners with American Express in Africa
02-12-2016 | 09:45:00
Societe Generale announces that it has signed a merchant acquiring partnership with American Express in eight countries in Sub-Saharan Africa where the Bank operates.
Nigerians abandon 30m bank accounts
01-12-2016 | 11:15:00
The total number of inactive bank accounts in Nigeria stand at 30.26 million despite efforts by banks to retain old customers and attract new ones.
Central Bank of Africa to launch M-Shwari loan service in Ivory Coast next year
01-12-2016 | 10:00:00
The Commercial Bank of Africa (CBA) plans to launch its mobile banking service M-Shwari in Ivory Coast in quarter three of next year, becoming the first Kenyan lender to venture into West Africa.
[Nigeria] Union Bank and Ria Money Transfer partner to offer Remittance Pay-out Services
01-12-2016 | 09:45:00
Union Bank of Nigeria has partnered with Ria Money Transfer one of the largest money transfer companies in the world, to offer money transfer pay-out services across Nigeria.
Africa Development Bank and CRDB Bank Tanzania sign $120 million loan agreement to finance infrastructure and SMEs
01-12-2016 | 07:46:01
The African Development Bank Group (AfDB) and CRDB Bank Plc (CRDB) of Tanzania have signed a U$ 120 million loan agreement to finance infrastructure and SME projects in Tanzania. The loan will support infrastructure development, particularly the power and transport sectors, which is a major constraint for Tanzania’s economic diversification and growth
Ghana launches Exim bank with an eye on export led economy
01-12-2016 | 07:41:39
Ghana has launched Exim Bank, an export development finance institution, as it seeks to bolster government’s quest for an aggressive and sustainable export led economy.
[Zimbabwe] Mahindra partners with MBCA bank to ease vehicle purchase for customers
30-11-2016 | 05:58:35
Mahindra Zimbabwe has partnered with MBCA Bank and African Century to allow prospective owners to purchase vehicles at lower prices similar to the cost of an imported vehicle.
AfDB and Algeria sign €900m loan agreement to support the country’s industrial and energy competitiveness
29-11-2016 | 09:46:20
The African Development Bank (AfDB) and Algeria have signed an agreement for a €900-million loan to support the country’s industrial and energy competitiveness.
[Kenya] Monetary Policy Committee review Outcome of Previous Policy Decisions, Recent Economic Developments
29-11-2016 | 08:14:00
The Monetary Policy Committee (MPC) of the Central Bank of Kenya met on November 28, 2016, to review the outcome of its previous policy decisions and the recent economic developments. The meeting was held against the backdrop of increased uncertainties in the domestic and global economies.
The AfDB Group appoints Marie Laure Akin-Olugbade Country Manager, West Africa Regional Development and Business Delivery Office
28-11-2016 | 11:15:00
The African Development Bank is pleased to announce the appointment of Ms. Marie-Laure Akin-Olugbade as the Country Manager for the West Africa Regional Development and Business Delivery Office.
High Interest Rates: How do they impact Small Businesses in East Africa?
28-11-2016 | 11:10:00
Small & Medium Businesses in East Africa should be looking at ways to maximise their efficiency and improve debt management to navigate the risks that high interest rates pose for their businesses.
[South Africa] Nedbank spends over R400k on Africa’s first interactive ATM
28-11-2016 | 10:41:00
Nedbank has launched an interactive teller and banker ATM at its flagship new generation branch in Sandton in Johannesburg. According to the financial services group, it is the only bank in Africa and the second bank in the world to make use of the device.
Afeximbank urges enabling factoring environment to improve African business competitiveness
28-11-2016 | 10:00:00
Governments should create enabling environments for factoring in Africa in order to improve the competitiveness of African businesses, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said today in Port Louis.
African Development Bank announces Director General Appointments
25-11-2016 | 10:17:16
Akinwumi Adesina, President of the African Development Bank (AfDB) has announced the appointments of Mr. Janvier Litse as Director General, West Africa Regional Development and Business Delivery Office; Mr. Ousmane Dore as Director General, Central Africa Regional Development and Business Delivery Office;
[South Africa]Stor-Age Property set to acquire six properties from Storage South Africa
25-11-2016 | 10:11:00
Development company Stor-Age Property is close to finalizing the acquisition of six properties from Storage South Africa for a total of up to $2.5 million to add 39 500 square metres to the listed self-storage property fund’s portfolio in Gauteng and Cape Town.
[Nigeria] IBTC Bank, Google train SMEs Operators on Digital Skills
24-11-2016 | 11:41:00
Stanbic IBTC Bank and technology company, Google, have trained operators of Small and Medium Scale Enterprises (SMEs) in Kaduna state on digital skills that will transform their businesses.