Features

Central Bank of Egypt sets up EgyCash company for money transfer

05-09-2022 | 10:07:36
The Central Bank of Egypt has announced setting up EgyCash company for technological solutions of monetary dealing.

African Development Bank approves $120m loan to build Malagarasi hydropower project in Tanzania

05-09-2022 | 10:07:35
The African Development Bank approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania.

Huawei, Sunline jointly launch contactless Digital Loan One Box Solution

05-09-2022 | 10:07:35
Sunline and Huawei have jointly released the Digital Loan One Box Solution, a global contactless solution for financial services.

World Bank debars Techno Brain Kenya, Techno Brain UAE for 28 and 10 months respectively

05-09-2022 | 10:07:35
The World Bank announced a twenty-eight month debarment of Techno Brain Kenya, an IT-services company, and a ten-month debarment of its parent company, Techno Brain UAE, in connection with collusive and fraudulent practices.

Ecobank launches financial programme targeting women led businesses across 33 markets

05-09-2022 | 10:07:34
The Ecobank Group launches ‘Ellevate’, a programme for women-owned and women-focused businesses across 33 markets.

Wasatch appoints Albert Trinkl to lead distribution in Europe, the Middle East and Africa

05-09-2022 | 10:07:34
Wasatch Global Investors has announced the appointment of Albert Trinkl, CFA, to the firm’s institutional business development team.

Consortium of global multilateral development banks calls for measures to support trade continuity in Sub-Saharan Africa

05-09-2022 | 10:07:34
The Pulse check report issued by a consortium of multilateral development banks and trade research institutions, recounts the views of sub-Saharan banks on multi-lateral development banks’ responses to uphold a well-functioning trade finance market.

Afreximbank, Rwanda sign agreement for establishment of Fund for Export-Development in Africa

05-09-2022 | 10:07:33
African Export-Import Bank (Afreximbank) and the Republic of Rwanda signed key documents related to the establishment of the Fund for Export-Development in Africa (FEDA), a development-oriented subsidiary of Afreximbank.

AfricInvest acquires minority stake in Fidelity Bank Ghana

05-09-2022 | 10:07:33
AfricInvest, Pan-African mid-cap-focused private equity firm, announced the acquisition of a minority stake in Fidelity Bank Ghana.

Brokerslink launches international insurance platform to drive its business portfolio

05-09-2022 | 10:07:33
Global broking business Brokerslink has launched its dedicated iinternational insurance programme management platform to drive the continued growth and digitalisation of its international portfolio.

IFC invests in Egyptian private equity fund to support business growth

05-09-2022 | 10:07:33
IFC announced an investment in an Egyptian private equity fund to help improve access to capital for small- and medium-sized companies in the country, supporting their resilience, growth, and ability to create jobs.

[Kenya] Rispah Simiyu appointed new KRA Domestic Tax Commissioner

05-09-2022 | 10:07:33
The Kenya Revenue Authority (KRA) has appointed Rispah Simiyu as the new Commissioner for Domestic Taxes, effective 22nd October 2020.

Bamboo Capital, Government of Madagascar, World Bank launch $40m energy access fund for Madagascar

05-09-2022 | 10:07:32
Bamboo Capital Partners has been appointed by the Government of Madagascar and the World Bank as the international fund manager for the Off-Grid Market Development Fund, a $40 million renewable energy access fund.

KBA, KCIC collaborate on advancing green financing in Kenya

05-09-2022 | 10:07:32
The Kenya Bankers Association (KBA) and the Kenya Climate Innovation Centre (KCIC) signed a Memorandum of Understanding aimed at advancing the green finance agenda in Kenya.

[Nigeria] NCC counts gains of MTN listing on NSE

05-09-2022 | 10:07:32
The regulatory action taken by the Nigerian Communications Commission (NCC) to facilitate the listing of MTN Nigeria on the country’s stock exchange market has continued to bring economic gains to Nigeria.

Digital wallets, security drive artificial intelligence adoption in banking sector, report

05-09-2022 | 10:07:32
Growing adoption of digitization across the global banking sector is significantly boosting the use of advanced technologies including artificial intelligence according to the latest report by Research and Markets.

GCR places UAP Kenya’s national scale financial strength rating on Negative Rating Watch

05-09-2022 | 10:07:31
GCR Ratings (GCR) has affirmed UAP Insurance (UAP Kenya) national scale financial strength rating of A+(KE), with the rating placed on Negative Rating Watch as property risks bring down group credit profile.

[Nigeria] GTBank reports Profit before Tax of ₦167.4b in Q3

05-09-2022 | 10:07:31
Nigeria's Guaranty Trust Bank (GTBank) released its unaudited financial results for the period ended September 30, 2020 to the Nigerian and London Stock Exchanges, reporting Profit before Tax of ₦167.4 billion.

Bboxx secures $4m loan from FEI OGEF to accelerate energy access in DRC

05-09-2022 | 10:07:31
Bboxx, a next generation utility, has secured a $4 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), a debt fund managed by Lion’s Head Global Partners (LHGP), to accelerate Bboxx’s operations in the DRC.

[Nigeria] NSE enhances fixed income securities market segment, revises trading fee

05-09-2022 | 10:07:31
In line with its ambition to support Nigeria’s economic growth by providing a liquid, efficient, and multi-asset securities exchange hub, NSE enhanced its Fixed Income Securities market segment as well as the associated benefits to trade execution.