News

Tony Elumelu Foundation funds 5000 African SMEs from 54 African countries for its 2021 programme

11-17-2021 | 11:20:10
The Tony Elumelu Foundation (TEF) has selected 4,949 entrepreneurs from across Africa for its 2021 Entrepreneurship Programme.

IFC partners with Equity to support MSMEs with local-currency financing in DRC, Kinshasa

11-17-2021 | 08:38:00
To support the growth of micro, small and medium enterprises (MSMEs) in the Democratic Republic of the Congo (DRC), IFC announced a partnership with Equity BCDC, to help smaller businesses access local currency financing.

African Development Fund extends $40m grant to establish Development Bank Ghana

11-17-2021 | 08:09:00
The African Development Bank approved a grant of $40 million from the African Development Fund to the Republic of Ghana to further capitalise The Development Bank Ghana (DBG), a newly established development finance institution in Ghana.

AfDB ups financial contribution for local content and job creation in Mozambique to $2.5 Million

11-17-2021 | 08:00:00
The African Development Bank Group has approved a grant of $1.5 million to Mozambique to boost the development of local content.

Le Groupe Ecobank sponsor de la Foire commerciale intra-africaine 2021

11-17-2021 | 07:32:52
La Foire commerciale intra-africaine offre aux entreprises africaines une occasion unique de nouer des contacts commerciaux dans tous les pays du continent Africain.

Standard Chartered appoints Bongiwe Gangeni to lead Consumer, Private and Business Banking for Africa, Middle East, Europe region

11-16-2021 | 12:16:00
Standard Chartered has appointed Bongiwe Gangeni as Head, Consumer, Private & Business Banking (CPBB), Africa & Middle East, and Europe (AME/E), subject to regulatory approval.

EBRD, EU and Attijari bank partner to strengthen small businesses in Tunisia

11-16-2021 | 09:58:00
The European Bank for Reconstruction and Development (EBRD), supported by the European Union (EU), is facilitating access to finance for Tunisian micro, small and medium-sized enterprises (MSMEs).

Verdant Capital closes four private equity-related transactions in South Africa

11-16-2021 | 09:50:31
Verdant Capital announced it closed four private equity-related transactions in South Africa with fund raisings for Bridge Taxi Finance and Retail Capital, the sale of Nedan Oil and the sale of Baxi to MFS Africa.

Afreximbank appointed joint lead manager and bookrunner for Fidelity Bank Plc’s USD 400 million

11-15-2021 | 10:22:00
Afreximbank through its Advisory & Capital Markets (ACMA) investment banking arm acted as a Joint Lead Manager (JLM) and Bookrunner to place and close Fidelity Bank Plc’s USD 400 million 5-Year Senior Eurobond.

[DRC] IFC and Equity Group Partner to support MSMEs with local-currency financing

11-15-2021 | 10:05:00
IFC announced a partnership with Equity Banque Commerciale du Congo that will help these smaller businesses access local currency financing in the Democratic Republic of the Congo (DRC).

[RDC] IFC et Equity Group s’associent afin de soutenir le développement des MPME

11-15-2021 | 10:00:00
IFC a annoncé avoir conclu un partenariat avec Equity Banque commerciale du Congo pour accompagner la croissance des micro, petites et moyennes entreprises (MPME) en République démocratique du Congo (RDC).

[Ghana] African Development fund extends $40 million grant to establish The Development Bank Ghana

11-15-2021 | 09:38:00
African Development Bank Group approved a grant of $40 million to the Republic of Ghana to further capitalise The Development Bank Ghana (DBG), a newly established development finance institution in Ghana.

NBK-Egypt invests EGP 850 million in Madkour for Projects Company

11-12-2021 | 07:28:57
National Bank of Kuwait - Egypt (NBK-Egypt) has provided a finance of EGP 850 million to Madkour for Projects Company, one of the national companies in the field of energy and infrastructure projects, for the purpose of carrying out the works assigned to the company by the Ministry of Housing.

[Kenya] Capital Markets Authority licenses two non-dealing online forex trading brokers

11-12-2021 | 07:21:33
The Capital Markets Authority (CMA) has announced the grant of licenses to HFM Investments Limited and Windsor Markets (Kenya) Limited to operate as non-dealing Online Foreign Exchange Trading brokers lifting the number of entities in this space to six.

[South Africa] Johannesburg Stock Exchange announces commitment to supporting net zero by 2050

11-12-2021 | 07:19:47
These alliances encourage the financial sector to align with a target to limit the rise in global temperatures to 1.5 oC and use their respective mandates in achieving this goal.