News

Jules Ngankam appointed African Guarantee Fund Group CEO

09-30-2020 | 12:06:10
African Guarantee Fund has announced the appointment of Jules Ngankam as the new Group Chief Executive Officer.

Allianz acquires controlling stakes in Kenya’s Jubilee Holdings subsidiaries

09-30-2020 | 11:23:00
Jubilee Holdings (Jubilee Insurance), East Africa’s insurance group, and Allianz, world's insurers and asset managers, signed an agreement to establish a strategic partnership in the five African countries where Jubilee Insurance currently operates.

[Nigeria] Green Africa and FCMB ink financial deal to boost air travel

09-30-2020 | 09:55:29
Green Africa, Nigeria's Lagos-based value airline, has formed a strategic partnership with First City Monument Bank (FCMB), a financial institution in Nigeria.

Gig economy powers East Africa, tackles unemployment, Mastercard report

09-30-2020 | 09:41:00
Mastercard has released a white paper revealing how gig work across East Africa is helping to drive economic growth by facilitating economic opportunities, improving livelihoods, and acting as a buffer against unemployment.

Egypt set to issue first sovereign green bonds in MENA region

09-30-2020 | 09:37:41
In an attempt to diversify its debt portfolio, Egypt Finance Ministry is getting ready to issue the country's first sovereign green bonds in the Middle East and North Africa (MENA) region.

CDC, Nigeria Sovereign Investment Authority partner to strengthen collaboration

09-29-2020 | 11:11:00
CDC Group, UK’s development finance institution and impact investor signed a memorandum of understanding with the Nigeria Sovereign Investment Authority to facilitate long-term inclusive growth.

Vuna Partners delivers on deal to acquire 80% of 4PL Group in South Africa

09-29-2020 | 10:49:38
Vuna Partners Fund announced its acquisition of an 80% equity stake in 4PL Group Proprietary (4PL), with the remaining 20% shareholding held by the management of 4PL Group.

African Development Bank named to the board of World Business Angels Investment Forum

09-29-2020 | 09:32:00
The World Business Angels Investment Forum announced the African Development Bank as its newest Board Member.

KBA, Huawei partner to promote tech-driven financial inclusion, fintech capacity building in Kenya

09-29-2020 | 08:29:00
The Kenya Bankers Association (KBA) has signed a collaboration agreement with tech-firm Huawei-Kenya that seeks to deepen financial inclusion in the banking sector through further deployment of technology and building fintech capacity.

OPEC Fund approves $20m for SMEs in East Africa

09-28-2020 | 10:07:00
The OPEC Fund for International Development (the OPEC Fund) signed a $20 million term loan in favor of East African Development Bank, to support SMEs and infrastructure projects in East Africa.

Fitch affirms National Bank of Egypt at B+ stable outlook, VR off Rating Watch Negative

09-28-2020 | 08:52:00
Fitch Ratings has affirmed National Bank of Egypt's (NBE) Long-Term Issuer Default Rating (IDR) at B+ with a Stable Outlook; it has also affirmed NBE's Viability Rating (VR) at b+ and removed it from Rating Watch Negative (RWN).

Fitch affirms Afreximbank’s BBB- credit rating with stable outlook

09-25-2020 | 13:31:00
The African Export-Import Bank (Afreximbank) announced Fitch Ratings has affirmed the Bank’s long-term Issuer Default Ratings (IDR) at ‘BBB-‘ with a stable outlook.

Access Bank commissions Oniru road project in partnership with Lagos State Government, Nigeria

09-25-2020 | 13:21:00
As part of efforts to ensure a hitch-free movement around the Victoria Island, Lekki Axis, Access Bank commissioned its Oniru road project with the Executive Governor of Lagos State, Babajide Sanwo-Olu.

Mastercard announces Fintech Express to empower Middle East and Africa fintechs to launch and expand rapidly

09-24-2020 | 16:49:00
Mastercard has launched Fintech Express in the Middle East and Africa (MEA), a program designed to facilitate emerging fintechs’ launch and expansion.

AFC’s inaugural $162 million green bond to finance Africa’s sustainable development

09-24-2020 | 09:34:55
Africa Finance Corporation, an infrastructure solutions provider in Africa, has announced the successful issuance of its inaugural CHF150 Million, approximately $162 million.