News

LXM expands African research network with Afrifocus Securities

11-21-2017 | 15:15:00
LXM has announced today a new 15a-6 chaperoning partnership with South African research provider Afrifocus Securities, further expanding its market-leading foreign broker dealer platform’s capabilities.

South Africa joins Afreximbank as shareholder

11-21-2017 | 14:45:00
South Africa has taken up shareholding in the African Export-Import Bank (Afreximbank), the African continental multilateral trade finance institution.

World Bank Group pledges $2.35b in financing for Guinea

11-21-2017 | 14:03:58
During the meeting of the Consultative Group for Guinea held in Paris on November 16 and 17, 2017, the World Bank Group announced financial support totaling $2.35 billion to help Guinea implement its National Economic and Social Development Plan

AfDB and IsDB partner to boost agriculture and fight drought in Nigeria, Somalia and Uganda

11-21-2017 | 12:31:00
A joint initiative of the African Development Bank (AfDB) and the Islamic Development Bank (IsDB) will boost agriculture value chains and enhance drought resilience in Nigeria, Somalia and Uganda.

[Nigeria] Vantage Capital provides $12.5m of funding to Purple Capital

11-21-2017 | 12:23:00
Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it has provided $12.5 million of funding to Purple Capital, a prominent Nigerian real estate company and financial service provider.

Eritrea joins Afreximbank as Participating State

11-21-2017 | 09:56:00
The East African country of Eritrea has joined the membership of the African Export-Import Bank, becoming the 48thAfrican country to become a participating state or a shareholder in the continental multilateral trade finance institution.

[South Africa] Entersekt set to experience huge growth in the scale of operations

11-21-2017 | 09:47:34
Entersekt protects digital service providers and their customers from digital banking and payments fraud, particularly when transactions take place on mobile devices.

Mercer launches Francophone Africa Hub in Morocco

11-21-2017 | 09:42:16
Mercer, a global consulting leader in health, wealth and career and wholly owned subsidiary of Marsh & McLennan Companies Inc., has announced an expanded footprint as part of an important initiative to strengthen service to the Francophone region of Africa.

Launch of the UCLG Africa Climate Task Force

11-21-2017 | 09:37:00
The 23rd Conference of the Parties of the United Nations Framework Convention on Climate Change (UNFCCC) held in Bonn, Germany from November 6 -17 2017, provided the framework for the launch of the UCLG Africa Climate Task Force

FCMB Nigeria promotes 537 staff, restates commitment to career and welfare development

11-20-2017 | 11:45:00
FCMB Group and its commercial and retail banking subsidiary, First City Monument Bank Limited, have promoted 537 staff. The promotion is part of the Group’s tradition of rewarding and motivating employees for higher productivity.

Google Africa sets up mentorship programs for tech designers, entrepreneurs

11-20-2017 | 10:04:00
Google Launchpad and Google Play South Africa were launched in November 2017 to boost African technology start-ups and develop a unique African design aesthetic.

[Nigeria] NNPC reviews corporate Governance to create fraud proof system

11-20-2017 | 09:51:00
The Management of the Nigerian National Petroleum Corporation is executing a major restructuring of its corporate governance framework to engender an accountable and fraud repellent system across its value chain.

Nestle Burkina Faso launches “Race for Life” to promote healthier living

11-20-2017 | 09:47:00
Nestlé Burkina Faso, in partnership with the Mayor of Ouagadougou and the Burkinabé Pediatric Society have organised the first edition of the corporate fund raising sports event called "Race for Life," with the aim to purchase incubators for the newborns.

Factoring and credit insurance seen as key for SME growth and regional integration - Kanayo Awani

11-20-2017 | 09:40:09
Innovative financial solutions like factoring and credit insurance offer keys to the growth of small and medium-sized enterprises (SMEs) in Africa and can enhance regional integration.

[Egypt] Afreximbank raises $150m equivalent in first-ever Samurai Syndicated Term Loan Facility

11-20-2017 | 09:35:34
The African Export-Import Bank has successfully completed its first ever Samurai Syndicated Term Loan Facility, raising the equivalent of US$150 million, comprised of two tranches of JPY 6.2 billion and US$100 million.

[Madagascar] World Bank Granted $45m to enhance public finance sustainability and the investment climate

11-20-2017 | 09:31:00
The World Bank has approved a $45 million grant for the second Public Finance Sustainability and Investment Development Policy Financing operation.

Central Bank of Egypt approves raising mobile cash transfer limit in Egypt

11-20-2017 | 09:26:40
The Central Bank of Egypt approved increasing caps on cash withdrawals and depositing under mobile-phone cash transfer services, head of marketing department at Vodafone Egypt Karim Shehata announced Sunday.

[Rwanda] AfDB Board approves $171m loans for water and sanitation program

11-20-2017 | 09:14:57
The Board of Directors of the African Development Bank Group (AfDB) has approved two loans amounting to US$ 171 million to finance Rwanda’s Sustainable Water Supply and Sanitation Program.

[Nigeria] NNPC, Chevron wrap up $1.7b deal to increase crude oil, gas production

11-20-2017 | 09:10:47
Nigerian National Petroleum Corporation and Chevron Nigeria Limited have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.

Botswana grants Globalstar first international terrestrial spectrum approval

11-17-2017 | 12:04:00
Globalstar, Inc. has announced that the Botswana Communications Regulator Authority has granted terrestrial authority to Globalstar's Botswana subsidiary to provide terrestrial mobile broadband services over 16.5 MHz of S-band spectrum at 2483.5 to 2500 MHz.