Africa Banking & Finance

Proparco, Coronation Merchant Bank partner to increase access to trade finance in Nigeria

09-27-2022 | 11:12:00
Proparco announced a $20 million Trade Finance Guarantee Facility for Coronation Merchant Bank (CMB), to establish and deepen partnerships with correspondent banks, thereby increasing access to trade finance in Nigeria.

African Development Bank provides €28m for development of road networks in Senegal

09-27-2022 | 09:18:00
The African Development Bank Group has approved a €28.88 million loan for improvements to the road and transport network linking six Senegalese municipalities.

SociumJob. lève des fonds auprès d’investisseurs pour accélérer son déploiement en Afrique francophone

09-26-2022 | 13:37:00
SociumJob. lève 1 million d'euros pour accélérer son déploiement en Afrique francophone et permettre aux entreprises opérant sur le continent de recruter les meilleurs talents.

BAD accorde près de 29 millions d’euros pour développer le réseau routier au Sénégal

09-26-2022 | 12:34:36
Le Conseil d’administration du Groupe de la Banque africaine de développement, a donné son feu vert à un prêt de 28,88 millions d’euros au Sénégal, pour améliorer le réseau routier et les transports dans six communes du pays.

[RDC]: ARISE IIP signe un accord pour le développement de la zone industrielle de Kin-Malebo

09-26-2022 | 11:29:00
Cet accord entre ARISEIIP et RDC contribuera à l'industrialisation de secteurs stratégiques pour la République démocratique du Congo.

Non-banking financial services provider Sanlam launches in Nigeria

09-26-2022 | 10:24:00
Sanlam, Africa’s non-banking financial services provider, announced the launch of its brand in the Nigerian market, rebranding FBN Insurance to Sanlam Life Insurance Nigeria Limited.

New study finds that climate finance for Africa needs to grow 9x from $30 billion to $277 billion

09-26-2022 | 10:15:00
Research released from Climate Policy Initiative finds that total annual climate finance flows in Africa for 2020, domestic and international, were only USD 30 billion, just 11% of the USD 277 billion needed annually.

MauBank lance son Green Financing Scheme destiné aux particuliers et entreprises

09-26-2022 | 09:51:00
Encourager la réduction des émissions polluantes, et promouvoir l’adoption et l’utilisation de l’énergie propre et renouvelable. Tels sont les objectifs que s’est fixé la MauBank en lançant le Green Financing Scheme à l’intention des particuliers et des entreprises.

Le 132ème Conseil d’Administration de la BOAD autorise de nouveaux engagements pour 349,5 milliards FCFA.

09-26-2022 | 09:23:00
Le Conseil d’Administration de la Banque Ouest Africaine de Développement (BOAD) s’est réuni en présentiel à Cotonou au Bénin pour sa 132ème session ordinaire, sous la présidence de Monsieur Serge EKUE, Président du Conseil d’Administration, Président de la BOAD.

The Rwanda Film Office is investing total budget of 184 million RWF to support filmmakers

09-26-2022 | 08:28:13
The Rwanda Film Office initiated a call for projects with a total budget of 184 million RWF to support filmmakers at various stages of production, from writing to post-production.

10 Milliards pour contribuer activement au développement des PME de Côte d'Ivoire

09-22-2022 | 11:38:00
Confédération Patronale Unique des PME ( CPU-PME-CI ) dirigée par le Président Moussa Elias Farakhan DIOMANDÉ, ont signé une convention-cadre avec la BNI à son siège à Cocody. Cette convention met à disposition des PME, dix (10) Milliards de francs cfa à des taux avantageux.

Janngo Capital Startup Fund réalise la première clôture de son nouveau fonds de 60€ millions

09-22-2022 | 09:50:00
Janngo Capital Startup Fund, le plus grand fonds de capital-risque africain pour l'égalité des sexes dans le domaine de la technologie, a clôturé son nouveau fonds de 60 millions d'euros.

EIB President Hoyer backs climate adaptation projects across Africa

09-22-2022 | 09:33:06
President Hoyer addressed the Africa Adaptation Summit in Rotterdam, the first-ever global summit to focus solely on accelerating climate adaptation in Africa.

Janngo Capital Startup Fund reaches the first close of its €60 million new fund

09-22-2022 | 09:13:00
Janngo Capital Startup Fund, Africa’s largest gender equal tech VC fund reaches the first close of its €60 million new fund.

Kippa obtained Super Agent Banking Licence from Central Bank of Nigeria

09-22-2022 | 08:45:00
The Central Bank of Nigeria (CBN) has issued Africave Technologies Limited DBA Kippa, the financial management and payments platform, a Payment Solutions Services Licence to Operate as a Super-Agent.

[Column] Andrew Springate: What merchants and consumers need to know about Registered Mandate Services (RMS)

08-17-2022 | 09:44:00
When South Africa became the first country in the world to launch Authenticated Collections (Debicheck), replacing EDO (AEDO & NAEDO) with DebiCheck in 2021, consumers and merchants breathed a collective sigh of relief.

[Column] Sandy Rheeder: A mobile-led risk-based approach is crucial to achieving financial inclusion in Africa

07-29-2022 | 10:19:00
Fintechs that are innovating, operating and growing throughout Africa have moved on from the broad academic concept of financial inclusion to the practical onboarding and walking hand in hand with underserved people along a financial journey.

[Column] Miranda Abraham: African countries face challenge of prohibitively expensive bond market fund raising

07-22-2022 | 10:38:28
While the quality of African sovereigns hasn’t declined, risk appetite amongst typical bond investors certainly has and this has pushed pricing up to prohibitively high levels.

[Interview] Louis Ojong, CEO, King Investment Group

07-21-2022 | 14:35:00
Louis Ojong is the CEO of King Investment Group, a company that operates in Financial Services, Software Technology and Education/Training. Louis sheds more light on King Investment Group in contribution of African knowledge economy.

[Column] Mark Dankworth: Fintechs set to transform cross-border payments in Africa

07-19-2022 | 08:58:22
As mobile penetration continues apace in Africa, the continent is ready to take the next steps toward cross-border solutions that are cheaper, faster, more secure than ever before.

[Column] Miranda Abraham: Balancing the ‘E’ and ‘S’ in ESG key to sustaining liquidity in the African loan market

07-13-2022 | 11:57:09
Sub-Saharan Africa’s loan market had a slow start to this year but is showing resilience and is set to continue to grow, offering favourable opportunities for the region’s sovereign and corporate borrowers as well as for investors.

Boosting women’s online education expands job opportunities

07-12-2022 | 23:08:00
Greater access to online learning for women can boost economic opportunities for them, such as jobs and new skills, while potentially adding up to $14 billion in value to the adult post-secondary online education market in emerging markets by 2026, according to a report from IFC.

[Column] Faizal Bhana: Attitudes to Islamic Wealth Management in a shifting African private wealth landscape

07-01-2022 | 14:59:43
Africa’s private equity landscape is experiencing a fundamental shift. A budding generation of wealthy individuals are seeking to circumvent dwindling local economies in favour of outbound investments into new markets and alternative assets.

Current levels of climate finance in Africa falling drastically short of needs

06-30-2022 | 10:06:00
A report released by the Climate Policy Initiative finds that Africa needs approximately USD 2.8 trillion, or USD 250 billion each year, between 2020 and 2030 to implement its Nationally Determined Contributions (NDCs).

PDB database: Latest update shows USD 22.85 trillion of total assets for 2020

06-27-2022 | 14:16:00
Database of Public Development Banks and Development Finance Institutions. The world of public development banks and development finance institutions

[Column] Imane Charioui: Remittances play a defining role in binding migrants to their families back home

06-16-2022 | 15:48:43
Currently, about one billion people in the world are involved with remittances, either by sending or receiving them – one in nine people are recipients of these flows of money sent by their family members who have migrated for work.

[Column] Hedwig Siewertsen: Digitally enabled farm mechanization aligns incentives to revolutionize smallholder livelihoods

06-13-2022 | 09:11:26
As other farm mechanization innovators continue to explore strategies for enhancing smallholder mechanization, AGRA plans to keep advancing the state of the practice through strategic investments in promising models and the exchange of lessons learned.

[Colonne] Akinwumi A. Adesina: Une révolution d'Afrique est en marche

03-25-2022 | 08:14:00
Le président du Groupe de la Banque africaine de développement, M. Akinwumi A. Adesina, a déclaré aux femmes participant à une conférence qu’elles font partie d’une révolution en marche en Afrique.

Moroccan economic growth could accelerate with full implementation of broad-based reforms, World Bank

01-12-2022 | 14:55:00
In order to achieve broad-based growth and job creation, the sustained implementation of a multifaceted and ambitious reform agenda will be essential, according to the World Bank’s Morocco Economic Monitor, January 2022.

[Niger] Projets de l'AfDB contribuent à améliorer les conditions de vie de millions de personnes

11-05-2021 | 08:55:00
En finançant de nombreux projets transformateurs au Niger, la Banque africaine de développement a contribué à l’amélioration des conditions de vie et de travail de millions de personnes.