Africa Banking & Finance

Afreximbank, Government of Barbados partner for Africa - diaspora trade ties

10-22-2021 | 08:55:00
The African Export-Import Bank (Afreximbank) and the Government of Barbados have signed a Memorandum of Understanding (MoU) to expand trade and investment links between Africa and the Caribbean island state.

ITFC signe un accord de financement de 100 millions d’Euros pour soutenir le secteur sénégalais de l’énergie

10-21-2021 | 23:22:00
ITFC signe un accord de financement de 100 millions d’Euros avec la SENELEC pour l'achat de produits pétroliers raffinés et aura donc un impact direct sur la production, la transmission et la distribution d'électricité à travers le pays.

African Development Bank appoints Bajabulile “Swazi” Tshabalala as Senior Vice President

10-21-2021 | 09:01:00
The African Development Bank announced the appointment of Bajabulile “Swazi” Tshabalala as Senior Vice President, effective 1 November 2021.

HSBC partners with Oracle NetSuite to launch Banking as a Service offering

10-20-2021 | 12:25:50
NetSuite customers will be able to automate accounts payable, accounts receivable and reconciliation processes, making it fast and simple to pay bills, send invoices, get paid and gain full cash flow visibility, all from within a unified system.

Goodwell Investments backs Asante Financial Services to bring high-impact digital lending to Africa

10-20-2021 | 09:33:30
The Series A investment enables Asante to scale its credit offerings to the underserved segment of MSMEs in Kenya and Uganda, and expand to Nigeria and Rwanda.

EBRD, EU and Reefy partner support women entrepreneurs in Egypt

10-20-2021 | 08:11:00
The European Bank for Reconstruction and Development (EBRD) is stepping up its support for women entrepreneurs in Egypt, with a loan of €4.3 million to Reefy Microfinance Enterprise Services, the country’s first licensed microfinance institution.

CDC backs first private equity fund from Summit Africa

10-19-2021 | 13:53:29
With this capital, Summit will direct investments to small and medium-sized enterprises (SMEs) in rural and peri-urban areas across South Africa, focusing on the education, healthcare, and financial services sectors.

Nigerian Exchange Limited deepens liquidity with relaunch of Market Making Programme

10-19-2021 | 13:45:56
This comes on the back of the review of its rules to provide the flexibility to implement diverse Market Making programmes across all asset classes listed on The Exchange, as approved by the Securities and Exchange Commission

GE foundation announces grant to provide COVID-19 relief in South Africa

10-18-2021 | 10:10:58
To mark World Food Day the GE Foundation announced a donation of $100,000 USD to provide immediate relief to South Africa’s communities experiencing food insecurity.

New ECA initiative supports city GDP measurement in Africa

10-15-2021 | 12:47:39
A new initiative by the United Nations Economic Commission for Africa (ECA) is supporting African cities to measure their gross domestic product (GDP) – a vital economic well-being indicator.

IFC partners with Egypt’s National Council for Women to boost economic opportunities for women

10-15-2021 | 09:49:00
IFC and Egypt's National Council for Women signed an agreement that will help increase women's economic participation, including by boosting their access to bank lending, promoting equal pay, and providing more flexible work options.

La mise en œuvre du document de stratégie-pays a produit des résultats satisfaisants

10-15-2021 | 09:39:00
Mali a couvert deux cycles de reconstitution du Fonds africain de développement (FAD), le FAD-13 (2014-2016) et le FAD-14 (2017-2019).

African Development Bank debars Sino-Kenya Engineering for fraudulent practices

10-13-2021 | 08:41:58
The African Development Bank announced a 36-month debarment of Sino-Kenya Engineering Group Company and Yuehua Bai, its Managing Director, for fraudulent practices in Kenya.

Le Fonds Africain de développement octroie plus de $10 millions pour l'agricole et le tourisme

10-12-2021 | 18:34:00
Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé un don de 10,7 millions de dollars américains à Sao Tomé-et-Principe pour la mise en œuvre de la première phase de l’Initiative Zuntámon

La SID accorde un financement de $50 millions en faveur de la compagnie ALAFCO Aviation Lease and Finance

10-12-2021 | 18:23:00
La Société islamique pour le développement du secteur privé et la compagnie ALAFCO Aviation Lease and Finance ont signé un accord de financement syndiqué garanti de quatre ans pour 75 millions USD avec une participation de 50 millions USD de la part de la SID.
 
Features

[Column] Arnold Kavaarpuo: Considering the SME lending gap in West Africa 

08-18-2021 | 11:36:30
Despite their importance, access to capital is a key constraint to SMEs realising their full potential. SMEs are less likely to be able to obtain bank loans compared to large firms.

[Column] DeepPal Singh: The journey to digitization of a legacy bank

08-17-2021 | 09:27:38
If the 2008 recession caused a boost in financial technology innovation, appetite for experimentation, and a wave of fintech start-ups, then this time round it is more about delivering real change.

Tanzania’s financial sector could do more to boost gender diversity, IFC study

06-28-2021 | 08:12:00
A number of financial institutions in Tanzania were found to be performing well regarding gender equality at senior management levels, though gender gaps remain and more could be done to improve the position of women in the country.

[Interview] Lydie N Murorunkwere, CEO, JurisTax Rwanda ltd, Rwanda

06-20-2021 | 21:45:00
Lydie Nyombayire Murorunkwere from Rwanda has over 15 years of successful business management experience providing strategic and operational leadership. She holds a Masters in Business Administration from Lyon, France and now is the Director of JurisTax Rwanda ltd, a company which specializes in Company Formation, Fund Administration and Investor Services, Provision of Professional Services and Financial Advice.

[Interview] Lydie N Murorunkwere, Directrice, JurisTax Rwanda ltd, Rwanda

06-20-2021 | 21:03:00
Lydie Nyombayire Murorunkwere du Rwanda a plus de 15 ans d'expérience réussie en gestion d'entreprise en fournissant un leadership stratégique et opérationnel. Elle est titulaire d'une maîtrise en administration des affaires de Lyon, en France, et est maintenant le PDG de JurisTax Rwanda ltd, une société spécialisée dans la création de sociétés, l'administration de fonds et les services aux investisseurs, la fourniture de services professionnels et de conseils financiers.

[Interview] Mahesh Doorgakant, Chairman, Mauritius Finance

05-26-2021 | 09:42:29
Over the last two decades, Mauritius has been extremely successful in achieving rapid growth and substantial diversification of its economy.

[Column] Hany Fekry: A seismic fundamental shift is underway in Nigeria's digital banking sector

05-24-2021 | 13:45:00
Many in the payments industry have been predicting so for years. That digital payments are inevitable for the future.

[Column] Mokrane Sabri: Focusing on Africa’s growth and potential of the Blue Economy

04-09-2021 | 08:50:00
For years there have been numerous attempts to bring the continent together to create a continent-wide common market — a free trade area where all can benefit, but the attempts have yet to gain serious traction.

[Column] Ghana Msibi: Vehicle finance in South Africa at the cusp of a complete revolution

02-19-2021 | 14:48:00
With younger age groups starting to actively participate in the acquisition of assets, expectations on financial institutions and their offerings are changing rapidly.

[Column] Allan Wood: Impact Investment and the growing shift toward meaningful finance in Africa

01-22-2021 | 07:08:48
The current global trend towards more meaningful, purpose-led investment – otherwise known as Impact Investing – has shown there are real opportunities for a stable, growing investment portfolio that also reflects your beliefs.

[Interview] Sunil Kaushal, CEO, Standard Chartered, AME

01-06-2021 | 15:04:26
Sunil Kaushal is the CEO Africa & Middle East at Standard Chartered PLC. Sunil has nearly 30 years of banking experience in diverse markets.

Africa calls for international taxation systems reforms as it forges a common position on digital taxation

12-09-2020 | 13:58:00
In Africa, the renewed focus to raise additional financing for development and narrow the resource gap by accelerating Domestic Resource Mobilisation (DRM), has been at the center of the development strategy in recent years.

[Column] Nikolai Stankau: Financial services brands foster a community spirit to drive innovation

12-02-2020 | 13:19:00
Like most large enterprises today, banks and other financial services companies are striving to become technology businesses.

[Column] Woelinam Dogbe: Why Ghana needs a new financial sector regulation architecture

11-25-2020 | 13:52:00
Ghana’s financial sector is in crisis. A crisis occasioned by the collapse of over 300 financial institutions; and which has affected every division of the financial sector.

Remittance flows to shrink 14% by 2021, report

11-03-2020 | 08:02:00
As the COVID-19 pandemic and economic crisis continues to spread, the amount of money migrant workers send home is projected to decline 14 percent by 2021 compared to the pre COVID-19 levels in 2019.