Africa Banking & Finance

La Fondation BGFIBank finance un incubateur des métiers de la gestion à INSG au Gabon

07-23-2021 | 10:19:00
la Fondation BGFIBank et l’Institut national des sciences de gestion (INSG) portant sur la construction et l’équipement d’un incubateur des métiers de la Gestion au sein de cet établissement supérieur, une structure qui permettra d’accompagner les startups dans le développement de projets innovants.

AfDB and Ethiopia sign $118 million to support agro industrial park, youth employment and power interconnection

07-23-2021 | 09:43:00
The African Development Bank Group (AfDB) and the Government of Ethiopia have signed two separate grant agreements for new projects to boost youth employment and electricity trade between Ethiopia and Djibouti.

Price competition inhibits growth potential of Kenya’s insurance market, AM Best report

07-23-2021 | 08:59:54
Challenging economic factors in 2020 made it a difficult year for Kenyan insurers and reinsurers.

Fitch affirms Triple A-rating of the African Development Bank, outlook stable

07-23-2021 | 07:20:11
Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the Bank’s shareholders.

AfDB launches extractives sector project to stimulate domestic resource mobilization in Africa’s transitional countries

07-22-2021 | 15:18:00
The African Natural Resources Centre of the African Development Bank (AfDB), has launched a first of its kind Financial Modelling for the Extractives Sector (FIMES) project aimed at strengthening domestic resource mobilization.

Standard Chartered appoints Khurram Hilal as CEO of global Islamic banking arm Saadiq

07-22-2021 | 09:25:06
His appointment is in line with the Bank’s objectives of strengthening its Islamic banking offering across its global network.

Afreximbank backs Vista Group acquisition of BICIGUI and BICIAB

07-22-2021 | 09:21:29
The stakes in the two banks, which operate in Guinea and Burkina Faso respectively, are being acquired from BNP Paribas who is exiting these markets for operational reasons.

FMO invests $10m in REGMIFA, the regional MSME investment fund for Sub-Saharan Africa

07-21-2021 | 13:51:00
REGMIFA, the Regional MSME Investment Fund for Sub-Saharan Africa, has attracted a further $10 million from Dutch-based entrepreneurial development bank FMO.

Standard Bank offers to acquire 100% of Liberty Holdings, South Africa

07-21-2021 | 10:46:00
Standard Bank Group (SBG), is proposing to buy 100% of Liberty Holdings and to integrate Liberty more closely into the greater group.

African Development Fund extends $4.25m loan to modernize tax collection, boost revenue in Lesotho

07-20-2021 | 09:18:00
The African Development Bank approved a loan of $4.25 million to the Lesotho Revenue Authority to provide digital tax services, including e-taxation and e-payment, that will broaden the country’s tax base and boost government revenue.

IFC appoints Carlos Katsuya as Senior Manager for Angola, Botswana, Mozambique and Zambia

07-20-2021 | 08:58:00
IFC has appointed Carlos A.T. Katsuya as its new Senior Manager for Angola, Botswana, Mozambique and Zambia. In this role, he will lead IFC's work across the four countries to strengthen the private sector.

Efficacité énergétique et solutions innovantes, appel à candidatures pour les start-up

07-19-2021 | 12:38:00
L’association Light On organise, jusqu’au 31 juillet prochain, avec le soutien du Groupe de la Banque africaine de développement et d’autres partenaires, le concours « Salon de l’énergie et du développement durable » (SEDD for Innovation).

[Mauritanie] L'AfDB accorde dix millions d’euros à la BCI pour renforcer le rôle des PME dans la relance économique

07-19-2021 | 12:23:00
Le Conseil d'administration de la Banque africaine de développement (AfDB) a approuvé une ligne de crédit de dix millions d’euros à la Banque pour le Commerce et l’Industrie(BCI) de Mauritanie afin de renforcer ses activités de financement du commerce international en faveur des petites et moyennes entreprises dans des secteurs stratégiques.

Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19

07-19-2021 | 12:13:58
The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis, experts attending the 16th CII-Exim Bank Digital Conclave on India-Africa Project Partnership affirmed.

Bank of Kigali named Best Bank in Rwanda in the 2021 Euromoney's Awards for Excellence

07-19-2021 | 10:27:00
Bank of Kigali has emerged as the best Bank in Rwanda during this year's Euromoney Awards for Excellence 2021.
 
Features

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.

Africa loses more money to theft every year than it receives in development assistance, report

10-15-2020 | 11:29:00
The latest UNCTAD report indicates that Africa loses about $89 billion a year as a result of illicit financial flows and theft which represents 3.7% of its GDP.

A majority of consumers expect Kenya to go cashless in future, report

10-06-2020 | 09:27:00
COVID-19 has seen consumers across the world ditch cash and in-person shopping in favour of online spending, according to Standard Chartered’s latest global survey.