Africa Banking & Finance

Verdant Capital and KfW establish fund to support MSMEs growth in Africa

01-14-2022 | 12:04:32
Verdant Capital Hybrid Fund (VCHF) has reached its first closing with committed capital of $36 million. The fund is targeting high developmental impact, including job creation and income generation through SMEs and micro-entrepreneurship.

IFC and We-Fi help tackle gender financing gap through IFC ScaleX

01-14-2022 | 07:55:20
To help tackle the financing gap that women entrepreneurs still face IFC and the Women Entrepreneurs Finance Initiative launched a new call for applications for IFC ScaleX, that will provide an award of up to $25,000.

ITFC sur le financement islamique au niveau mondial

01-13-2022 | 13:14:59
La Société internationale islamique de financement du commerce (ITFC) est arrivée en tête des classements 2021 de Bloomberg sur le financement islamique en tant que leader mondial dans les catégories teneur de livres et arrangeur chef de file mandaté.

[Egypt] EIB supports Maspero metro station component in phase 3 of the Cairo Metro Line 3 project

01-12-2022 | 14:16:55
The European Investment Bank (EIB) has supported Maspero metro station component in phase 3 of the Cairo Metro Line 3 project in Egypt.

Multi-asset broker Exness expands its presence in Africa

01-12-2022 | 09:57:13
Exness, the multi-asset broker in the world, announced it will continue to expand its presence in Africa in 2022.

Afreximbank et la National Bank of Egypt s’engagent à stimuler les investissements dans le pays

01-12-2022 | 07:59:00
La Banque africaine d’Import-Export (Afreximbank) et la Banque nationale d’Égypte {National Bank of Egyp t– NBE} ont signé un protocole d’accord visant à promouvoir les flux commerciaux et d’investissement en Égypte.

Afreximbank and the National Bank of Egypt commit to drive investments and enhance trade in the country

01-12-2022 | 07:41:02
African Export-Import Bank (Afreximbank) and the National Bank of Egypt (NBE) have signed a Memorandum of Understanding (MOU) to promote trade and investment flows into Egypt.

Ababacar Diaw appointed CEO of Allianz Ghana Non-Life

01-11-2022 | 10:01:44
Ababacar Diaw has been nominated as CEO of Allianz Ghana Non-Life, effective January 17th 2022, subject to necessary approvals.

Allianz appoints Abderrahim Dbich as new CEO for Morocco

01-11-2022 | 09:47:28
Allianz Africa announced the appointment of Abderrahim Dbich as CEO of Allianz Maroc, effective January 1st, 2022. He succeeds Joerg Weber, who will take on new responsibilities in the Allianz group.

Proparco partners with BNI Madagascar bank to support growth and development strategy

01-11-2022 | 09:31:00
Proparco is partnering with BNI Madagascar bank to strengthen its equity capital and support its growth strategy.

FSD Africa Investments injects £3 million into Kenya’s first factoring fintech

01-07-2022 | 15:06:24
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has announced a £3 million investment into IMFact, an expanding fintech company that uses supply chain financing to provide working capital to micro, small and medium enterprises (MSMEs).

[Kenya] Banque Saudi Fransi partners with Mastercard to launch the region’s first customizable cashback credit card

01-07-2022 | 09:53:00
Banque Saudi Fransi (BSF) and Mastercard have partnered to launch the region’s first customizable cashback credit card that provides cardholders with the opportunity to select the cashback features to complement to their lifestyle and preferences.

Private securities and crowdfunding surge to continue in 2022, report

01-06-2022 | 14:45:35
According to Pitchbook data, global crowdfunding exploded from $8.61 billion in 2020 to $113.52 billion last year – a 1,021% increase.

World Bank Group debars construction company Colas Madagascar S.A. for fraudulent practices

01-05-2022 | 14:17:00
The World Bank Group has announced the two-year debarment of Madagascar-based Colas Madagascar S.A., a construction company, in connection with collusive and fraudulent practices as part of the Airports Madagascar Project.

L’AFD signe un accord de partenariat avec renater en Afrique australe et orientale

01-05-2022 | 08:15:00
l’Agence Française de Développement (AFD) et RENATER ont signé un accord de partenariat pour travailler ensemble à la structuration et au développement des Réseaux nationaux d’enseignement et de recherche en Afrique australe et orientale.

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.

[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.