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30-10-2014 22:52:00 | by: Administrator | hits: 22163915 | Tags:

World Bank approves $400m program to support Morocco’s social protection response and reform
04-12-2020 | 07:59:00
The World Bank approved a $400 million program to support Morocco’ social protection system, as part of the kingdom’s sweeping reforms to strengthen its social safety nets.
IFC loans $10m to I&M Bank Rwanda to support SMEs, economic activity and Jobs
04-12-2020 | 07:31:00
IFC announced a loan to I&M Bank Rwanda, to help the bank increase lending to potentially thousands of Small and Medium Sized enterprises in Rwanda, many of which are facing COVID-19-related liquidity challenges.
Afreximbank signs deal with African Energy Investment Corporation to support hydrocarbon and energy sectors
03-12-2020 | 13:27:00
A framework agreement has been signed between the African Export-Import Bank (Afreximbank), the pan-African multilateral EXIM bank, and the African Energy Investment Corporation (AEICorp), an affiliated entity of the African Petroleum Producers’ Organization (APPO) that was established to support the development of Africa’s hydrocarbon and energy sectors.
Codebase unveils Digibanc SaaS to fast track digital banking adoption in MENA and across Africa
03-12-2020 | 05:48:00
Codebase Technologies, the digital banking solutions provider, announced the launch of its Digital Banking as a Service platform, Digibanc SaaS, to create access for more banks and customers to move into the digital age of banking.
[Column] Nikolai Stankau: Financial services brands foster a community spirit to drive innovation
02-12-2020 | 12:19:00
Like most large enterprises today, banks and other financial services companies are striving to become technology businesses.
AfDB grants additional $3.5m to Central African Republic for electricity interconnection project with DRC
01-12-2020 | 14:12:00
The African Development Bank (AfDB), granted an additional donation of $3.52 million to the Central African Republic to help the country to complete the first phase of an electricity interconnection project with the Democratic Republic of the Congo (DRC).
Lagos State Health Management, First Bank partner to promote access to affordable healthcare in Nigeria
01-12-2020 | 08:52:00
The Lagos State Health Management Agency (LASHMA) has partnered with First Bank of Nigeria to utilise its over 13,000 Firstmonie Agents as payment channels for the Lagos State Health Scheme (LSHS).
Afreximbank launches MANSA, Africa’s digital due diligence repository
01-12-2020 | 05:57:00
Afreximbank officially launched the operations of ‘MANSA’, a pan-African customer due diligence repository for financial institutions, corporate entities and SMEs, developed to address the perceived risk of doing business in Africa and with Africans.
African Development Bank invests in SPARK+ Africa Fund to deliver clean cooking solution
30-11-2020 | 14:27:00
The African Development Bank approved $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa.
African Development Bank achieves satisfactory results in Madagascar
30-11-2020 | 07:51:07
The African Development Bank is achieving satisfactory results in Madagascar, according to the mid-term report of the Country Strategy Paper (CSP) for the period 2017-2021 and the performance review of the 2019 country portfolio.
African Development Bank approves $120m loan to build Malagarasi hydropower project in Tanzania
27-11-2020 | 12:54:00
The African Development Bank approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania.
Africa Energy Investment Corporation and Afreximbank reach agreement on deal to boost Africa's oil investments
27-11-2020 | 06:14:22
Egypt Petroleum and Mineral Resources Minister Tarek el Mulla has said that the Africa Energy Investment Corporation (AEICORP) and the African Export-Import Bank (Afreximbank) have reached a preliminary framework agreement that is set to be signed in Cairo.
Ecobank launches financial programme targeting women led businesses across 33 markets
27-11-2020 | 06:02:03
The Ecobank Group launches ‘Ellevate’, a programme for women-owned and women-focused businesses across 33 markets.
KCB, Atlas Mara sign acquisition deal for Rwanda, Tanzania banking businesses
26-11-2020 | 12:38:00
KCB Group (KCB) and Atlas Mara (ATMA) have signed a definitive agreement for KCB to acquire 62.06% stake in Banque Populaire du Rwanda and 100% stake in African Banking Corporation Tanzania from ATMA.
AfricInvest acquires minority stake in Fidelity Bank Ghana
25-11-2020 | 13:28:56
AfricInvest, Pan-African mid-cap-focused private equity firm, announced the acquisition of a minority stake in Fidelity Bank Ghana.
[Column] Woelinam Dogbe: Why Ghana needs a new financial sector regulation architecture
25-11-2020 | 12:52:00
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.
Afreximbank, Rwanda sign agreement for establishment of Fund for Export-Development in Africa
25-11-2020 | 06:41:00
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.
KBA, KCIC collaborate on advancing green financing in Kenya
25-11-2020 | 06:10:00
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.
AfDB's investments are transforming the continent, unlocking economic potential and spurring development, report
23-11-2020 | 06:19:00
From agro-processing initiatives to energy, transportation and water and sanitation services, transformative investments by the African Development Bank (AfDB) are paving the way to unlock Africa’s economic potential, according to the 2020 ADER.
Bamboo Capital, Government of Madagascar, World Bank launch $40m energy access fund for Madagascar
20-11-2020 | 11:27:00
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.
Bboxx secures $4m loan from FEI OGEF to accelerate energy access in DRC
20-11-2020 | 10:31:00
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] GTBank reports Profit before Tax of ₦167.4b in Q3
20-11-2020 | 10:03:00
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.
IFC, Agricultural Bank of Egypt partner to promote farmers’ switch to solar irrigation systems
20-11-2020 | 06:55:00
IFC and the Agricultural bank of Egypt (ABE) announced a partnership to help of Egyptian farmers access financing to purchase solar irrigation systems, reducing their reliance on diesel-powered generators and boosting their productivity.
Société Générale, EIB unlock €10m support for SME investment in Cameroon
19-11-2020 | 11:01:00
Société Générale and the European Investment Bank (EIB) confirmed agreement of a new joint initiative to support economic development across Cameroon.
World Bank approves $61.5m from GPE to boost reforms, quality education in Sudan
19-11-2020 | 07:19:00
The World Bank approved an education program supported by a $61.5 million grant from the Global Partnership for Education (GPE) for the Sudan Basic Education Support Project.
[Mauritius] Accelerex Holdings secures $20 million investment from Africa Capital Alliance
19-11-2020 | 06:30:00
Accelerex Holdings Mauritius has signed an investment agreement with regional private equity firm, Africa Capital Alliance,ACA, for the Capital Alliance Private Equity IV fund to invest $20 million in Accelerex.
[Nigeria] Access Bank appoints new Directors for its African subsidiaries
18-11-2020 | 07:01:19
Access Bank has appointed Seyi Kumapayi and Omosalewa Fajobi as Executive Director and Non-Executive Director respectively following approval of the Central Bank of Nigeria.
Housing Finance Bank, AFD sign €10.5m agreement towards affordable housing in Uganda
18-11-2020 | 06:41:00
Housing Finance Bank Uganda and Agence Française de Développement signed two financing agreements of €10.5 million to support the development of a housing finance offer adapted to the needs of the populations all over Uganda.
ITFC enhances groundnut oil quality standards in Senegal, boosts export capabilities
18-11-2020 | 06:28:00
The International Islamic Trade Finance Corporation (ITFC), has approved a Grant Agreement for the Senegalese Groundnut Oil Processing Company, SONACOS, to acquire new laboratory analysis equipment.
Afreximbank records $217.06m net income in nine months
17-11-2020 | 06:59:00
The African Export-Import Bank (Afreximbank) released its unaudited financial statements for the nine months ended 30 September 2020, recording a net income of $217.06 million.
Green Climate Fund approves $1b to boost climate finance in developing countries
17-11-2020 | 05:50:00
The Green Climate Fund (GCF) Board has given a major boost to climate finance for developing countries with the approval of over $1 billion of funding for low-emission, climate-resilient development.
IFC, Somalia sign agreements to strengthen private sector growth, encourage investment
16-11-2020 | 14:06:00
IFC, a member of the World Bank Group, has signed its first formal agreements with the Federal Government of Somalia to support the country's goal to strengthen its private sector, attract investment, improve public services, and create jobs.
[South Africa] Sasfin Bank benefits from EU-FMO emergency facility
16-11-2020 | 13:32:30
South Africa's Sasfin Bank has benefited from the COVID-19 emergency facility set in place by the EU and FMO’s NASIRA fund.
DPI, CDC partner to create $750m biopharmaceutical platform to broaden access of vital specialty generic drugs across Africa
16-11-2020 | 13:01:00
Development Partners International (DPI) through its ADP III fund, CDC Group, and the European Bank for Reconstruction and Development have joined forces in a ground-breaking deal to create a major new player in the pan-African pharmaceuticals industry.
Moody’s Investor Service affirms African Development Bank’s AAA credit rating
16-11-2020 | 06:00:00
Moody’s Investor Service has affirmed the African Development Bank’s AAA credit rating, with a stable outlook.
OECD, UNDP launch plan to align global finance with sustainable development
16-11-2020 | 05:27:00
The Organisation for Economic Co-operation and Development (OECD) and the United Nations Development Programme (UNDP) launched a plan to help public and private actors identify and prioritise investments contributing to the SDGs.
[Kenya] KCB receives UN accreditation to fund green projects
13-11-2020 | 14:07:28
Kenya Commercial Bank, KCB, has been accredited by the United Nations Green Climate Fund as the first financial intermediary for the implementation of green financing in East Africa.
Standard Bank introduces contactless payment across Africa
13-11-2020 | 14:01:23
Standard Bank Group, Africa’s largest financial services organisation by assets, is championing efforts to increase contactless payment across Africa.
Standard Bank, UN Women equip women farmers in South Africa and Malawi with financial literacy skills
13-11-2020 | 07:54:00
Standard Bank and the United Nations Women (UN Women) are currently providing financial literacy training to thousands of women farmers in African key markets including Malawi and South Africa.
[Uganda] AfDB grants $500,000 for capacity development of MSMEs in the petroleum sector
12-11-2020 | 13:18:00
AfDB and Uganda government have signed a $500,000 grant agreement for financing MSMEs to boost business linkages on the East African Crude Oil Pipeline Technical Assistance project.
EBRD, EU and partners boost green finance in Egypt
11-11-2020 | 06:19:00
The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the Green Climate Fund (GCF) are boosting green finance on the Egyptian economy and the development of value chains for the private sector.
Ghana Commercial Bank appoints John Kofi Adomakoh as new Managing Director
10-11-2020 | 12:46:39
The Board of Ghana Commercial Bank (GCB) has appointment John Kofi Adomakoh as the new Managing Director (MD) of the Bank effective 9 November 2020.
[Kenya] Prime Bank partners with SimbaPay for instant international money transfer
09-11-2020 | 13:30:45
Kenyan private bank Prime Bank, has partnered with London-based fintech SimbaPay, to launch an instant international money transfer service via the bank’s digital platform PrimeMobi.
[Kenya] CMA gives consent to ABSA Asset Management Limited to register unit trust funds
07-11-2020 | 06:38:48
The Capital Markets Authority has granted consent to ABSA Asset Management Limited for the registration of Absa Unit Trust Funds.
[Nigeria] FBNQuest Merchant Bank partners with Kairos Investments Africa on financing of prepaid smart electricity meters
07-11-2020 | 06:29:39
FBNQuest Merchant Bank and Kairos Investments Africa have announced plans for a national meter asset finance and management SPV that would attract long term financing for the mass roll-out of prepaid smart meters.
CDC announces additional $100m commitment to risk sharing facility with SMBC Bank
06-11-2020 | 10:48:00
CDC Group, UK’s development finance institution and impact investor, announced a $100 million additional commitment to its existing trade risk sharing facility with SMBC Bank International.
[Nigeria] CDC announces $75m long-term funding to Stanbic IBTC Bank
06-11-2020 | 10:32:00
CDC Group, UK’s development finance institution and impact investor, announced a $75 million debt commitment to Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and member of the Standard Bank Group.
African Development Bank signs grant agreement to support Rwanda Coding Academy
06-11-2020 | 07:16:00
The African Development Bank has signed a grant agreement with the Ministry of ICT and Innovation in Rwanda to support the Rwanda Coding Academy, set up to develop top technology talent to drive a booming, innovation-driven digital economy.
Global core banking software market to reach $15.7 billion by 2026, report
05-11-2020 | 07:35:00
The Global Core Banking Software Market size is expected to reach $15.7 billion by 2026, rising at a market growth of 10.3 per cent compounded annual growth rate.
[south Africa] Absa's PM1 shows solid improvement in October
05-11-2020 | 06:59:00
The Absa Purchasing Managers’ Index (PMI) rose to a solid 60.9 index points in October, up from a revised 58.5 index points in September.
Crown Agents Bank extends African payments reach with expanded Paga relationship
05-11-2020 | 06:18:00
Crown Agents Bank announced it is expanding its partnership with Paga to increase its payments reach in Nigeria, Africa’s largest economy, as part of its continued growth trajectory.
Afreximbank, ITFC and BADEA launch $1.5b facility to support African economies
04-11-2020 | 14:30:00
The African Export-Import Bank (Afreximbank) has partnered with International Islamic Trade Finance Corporation (ITFC), and the Arab Bank For Economic Development in Africa (BADEA), to launch $1.5 billion facility to support African economies.
World Bank provides additional financing for Morocco’s urban transport sector
04-11-2020 | 06:31:00
The World Bank approved $150 million in additional financing for Morocco’s Urban Transport Program, which started in 2015, to strengthen the country’s capacity to offer quality service in public transport.
Credence ID selected by Senegal and World Bank for large-scale healthcare project
03-11-2020 | 15:34:00
Credence ID, a worldwide player in mobile biometrics and credential reading technology, has announced their selection as the winner of a competitive healthcare project being deployed throughout the West African nation of Senegal.
Remittance flows to shrink 14% by 2021, report
03-11-2020 | 07:02:00
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.
World Bank supports establishment of Development Bank Ghana to boost access to finance, job creation
02-11-2020 | 06:45:00
The World Bank approved $250 million from the International Development Association (IDA) to support the establishment of the Development Bank of Ghana (DBG) to increase access to long term finance and boost job creation.
Incofin IM, Kfw launch €40 million facility to support African farmers
30-10-2020 | 15:08:00
German Development Minister Gerd Müller has announced the launch of ALF, a new initiative of the ministry with Incofin IM and German bank KfW.
Diamond Trust Bank partners with Jumia for Black Friday campaign
30-10-2020 | 14:02:00
Diamond Trust Bank and Jumia have announced a partnership aimed at enhancing cashless payment on the e-commerce platform when purchasing during this year’s Black Friday campaign.
AfDB appoints Lamin Barrow as Acting Senior Director, Nigeria Country Office
30-10-2020 | 09:05:00
The African Development Bank (AfDB) has appointed Lamin Barrow as Acting Senior Director, Nigeria Country Office, effective 1 November 2020.
[Kenya] Twiga Foods, IFC and KCB partner on a $30 million initiative to support farmers
30-10-2020 | 06:17:48
Twiga and IFC’s Global SME Finance Facility are set to be part of an investment of up to $30 million through unfunded risk sharing facilities with Kenya Commercial Bank.
OPEC Fund, BOAD boost cooperation in Western Africa
29-10-2020 | 10:20:00
The OPEC Fund and the West African Development Bank (BOAD) have signed a Framework Agreement to further strengthen their development cooperation in the the member countries of the Western African Economic and Monetary Union (WAEMU).
World Bank sanctions two Chinese engineering companies for fraudulent practices in Zambia
29-10-2020 | 10:10:50
The World Bank announced the 18-month sanctions of China National Electric Engineering Company and its wholly owned subsidiary, China Electric Design and Research Institute Company, in connection with fraudulent practices in Zambia.
[Column] Murray Gardiner: African payments for African development
29-10-2020 | 07:12:43
The statistics that hover uncertainty around Africa are not ones that should make the continent proud. The World Bank has estimated that Africa could potentially hold 90% of the global poor population by 2030.
Ghana records FDI of $785.62m in Q1 2020
26-10-2020 | 08:38:00
Ghana has recorded total investments of US$869.47 million, with total FDI value amounting to US$785.62 million between January to June 2020 as FDI inflow showed strength in the final moments of the second quarter of the year.
Central Bank of Kenya establishes new Kisii Centre
26-10-2020 | 08:27:00
The Central Bank of Kenya (CBK) opened the CBK Kisii Centre to serve the seven counties in the region, a population of over 7 million people contributing about 12 percent of Kenya’s GDP.
Cellulant appoints Faith Nkatha Gitonga as Kenya Country Manager
26-10-2020 | 07:07:00
Fintech company Cellulant appointed Faith Nkatha Gitonga as Country Manager, Kenya.
EIF, UNDP join forces to strengthen cooperation for sustainable finance
26-10-2020 | 05:40:00
The United Nations Development Programme (UNDP) and the European Investment Fund (EIF) are joining forces to develop joint initiatives for sustainable finance and the implementation of the Sustainable Development Goals.
EBRD increases trade support in Tunisia
23-10-2020 | 05:58:46
The European Bank for Reconstruction and Development (EBRD) is stepping up its efforts to support the Tunisian economy by increasing an existing trade finance limit for Banque de Tunisie from $20 million to $50 million.
[Nigeria] TAJBank selects Newgen to automate customer-facing processes
22-10-2020 | 15:02:05
Newgen Software, a global provider of low code digital automation platform, has announced that TAJBank has selected Newgen as a digital transformation partner to automate its enterprise-wide customer-facing processes.
OPEC Fund, West African Development Bank boost cooperation in Western Africa
22-10-2020 | 11:04:00
The OPEC Fund and the West African Development Bank have signed a Framework Agreement to further strengthen their development cooperation in the member countries of the Western African Economic and Monetary Union.
National Bank of Angola grants Unitel license for financial services
22-10-2020 | 06:10:09
The National Bank of Angola (BNA) has granted a Payment Service Provider license to Unitel Serviços Financeiros Móveis (SU), SA, at the request of this operator.
[South Africa] Standard Bank, Google, Mastercard partner to move SME businesses online
21-10-2020 | 13:07:00
Standard Bank, Mastercard and Google have announced a collaboration to help SMEs move their businesses online, accept digital payments and attract more customers.
TymeBank South Africa and Network International empower SMEs with digital payment solutions
21-10-2020 | 08:29:00
TymeBank, a digital bank in South Africa, looks to empower small and micro businesses to accept card payments, powered by Network International, an enabler of digital commerce across Africa and the Middle East.
Digital payments fraud surges during pandemic, study
21-10-2020 | 07:03:35
Amid coronavirus-driven lockdowns and social distancing, proliferating mobile apps and online channels have proven vital lifelines. US mobile banking grew 50% in the first half of 2020.
Bank technologies for African agricultural transformation training in Ghana raising farmer agricultural ambition
21-10-2020 | 07:00:38
When Isaac Papanko started farming maize on eight hectares of farmland, he couldn’t have imagined that within just a few years, his agribusiness would grow to be 425 hectares.
[Column] Wambui Gichuri: Why COVID-19-impacted World Food Day 2020 is the time to prioritize investments in food systems
19-10-2020 | 07:04:57
World Food Day 2020 marked the 75th anniversary of the founding of the Food and Agriculture Organization, but celebrations this 16 October are muted due to the coronavirus.
4G Capital partners with Citi to strengthen financial inclusion in Kenya
16-10-2020 | 14:00:29
4G Capital Group Limited, Citi, U.S. International Development Finance Corporation (DFC) and the Ford Foundation have partnered to expand financial inclusion in Kenya.
[Kenya] KCB receives $150 million from IFC for SMEs lending, climate finance
15-10-2020 | 07:48:31
KCB Bank Kenya has received an approval for U$150 million, from the International Finance Corporation (IFC) as lead syndicator, to support the growth of the Bank’s sustainable climate finance portfolio and scale-up lending to micro, small and medium enterprises.
Equity Bank inks $2billion deal with Kenya National Chamber of Commerce and Industry targeting businesses
14-10-2020 | 07:11:32
The Kenya National Chamber of Commerce and Industry (KNCCI) and Equity have signed an MOU that has seen Equity set aside Ksh 200 billion, approximately $2 billion, for KNCCI members.
Central Bank of Egypt sets up EgyCash company for money transfer
12-10-2020 | 13:19:19
The Central Bank of Egypt has announced setting up EgyCash company for technological solutions of monetary dealing.
[Nigeria] Firstbank announces the appointment of Mrs. Oluwande Muoyo as non-executive director
12-10-2020 | 08:49:00
First Bank of Nigeria has announced the appointment of Mrs. Oluwande Muoyo as a Non-Executive Director.
IFC and Union Bank partner to boost access to trade finance in Nigeria
12-10-2020 | 06:37:45
IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business, enable increased international trade for Nigeria and help protect the country’s economy.
World Bank debars Techno Brain Kenya, Techno Brain UAE for 28 and 10 months respectively
09-10-2020 | 09:56:00
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.
Huawei, Sunline jointly launch contactless Digital Loan One Box Solution
09-10-2020 | 06:15:00
Sunline and Huawei have jointly released the Digital Loan One Box Solution, a global contactless solution for financial services.
Consortium of global multilateral development banks calls for measures to support trade continuity in Sub-Saharan Africa
09-10-2020 | 06:08:55
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.
[Kenya] Rispah Simiyu appointed new KRA Domestic Tax Commissioner
08-10-2020 | 08:10:00
The Kenya Revenue Authority (KRA) has appointed Rispah Simiyu as the new Commissioner for Domestic Taxes, effective 22nd October 2020.
Digital wallets, security drive artificial intelligence adoption in banking sector, report
07-10-2020 | 13:33:00
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.
A majority of consumers expect Kenya to go cashless in future, report
06-10-2020 | 07:27:00
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.
Middle East’s STCPay selects Temenos to expand its digital payments portfolio
06-10-2020 | 07:18:00
Temenos, the banking software company, announced Saudi Arabian digital wallet, STCPay, has selected cloud-native, cloud-agnostic Temenos Payments and Temenos Transact running on a private cloud to achieve exponential growth.
Finastra launches pre-packaged payments solution for small and mid-sized banks
05-10-2020 | 10:06:00
Finastra revealed Fusion Payments To Go, its payments solution aimed at small and medium-sized banks looking to implement domestic and cross-border payment services in Europe, the US and South Africa.
Standard Chartered Bank introduces SCB and Liverpool FC Visa debit co-brand card in Kenya
05-10-2020 | 08:44:23
Standard Chartered Bank announced the launch of co-branded SCB and Liverpool FC debit cards.
[Kenya] Equity supports MSMEs with $100m partnership with Proparco
05-10-2020 | 06:12:00
Equity Group announced its new partnership with Proparco, a French Development Finance Institution, which will allow the Kenyan bank to grow and continue its support to the private sector and its deep commitment to MSMEs.
EIB invests $22m in first closing of Lorax Capital Partners Fund II in Egypt
02-10-2020 | 13:42:00
The European Investment Bank (EIB) signed a commitment of $22 million with LCP FUND II COÖPERATIEF U.A., a generalist private equity fund targeting primarily growth capital investments in SMEs and mid-market companies in Egypt.
EBRD invests in Egypt-focused private equity fund
02-10-2020 | 07:23:12
The European Bank for Reconstruction and Development (EBRD) is boosting the resilience of the financial sector in Egypt and supporting equity financing to small and medium-sized businesses by investing up to $50 million in LCP Fund II.
EBRD, EU and partners support green investments in Morocco
02-10-2020 | 07:01:00
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are supporting green investments by the private sector to strengthen Morocco’s economic recovery.
AfDB partners with Nigeria government and Microsoft to provide marketable digital skills to youth
01-10-2020 | 10:35:23
The African Development Bank, the government of Nigeria and Microsoft have launched the Digital Nigeria eLearning Platform, to provide marketable digital skills to the country’s youth.
[Kenya] CMA admits FourFront Management to the Regulatory Sandbox
01-10-2020 | 10:17:51
The Capital Markets Authority (CMA) announced the admission of FourFront Management to the Regulatory Sandbox, bringing the total number of firms admitted to the live-testing environment for capital markets innovations to seven.
Nigerian mobility startup MAX.ng partners with DLM Capital to transform transportation finance in Africa
01-10-2020 | 07:05:00
Metro Africa Xpress, a mobility platform in Nigeria and West Africa, announced the successful issuance of a ₦400m 1-year fixed-rate notes under its newly structured ₦10bn/$22m Private Company Bond program.
Development Partners International selected to manage women empowerment fund across Africa
01-10-2020 | 06:18:09
The European Investment Bank and other multilateral agencies have signed an agreement with Development Partners International LLP (DPI) to become the first 2X Flagship Fund.
Crown Agents Bank partners with VODACASH SA to facilitate mobile payments in DRC
30-09-2020 | 10:14:51
Crown Agents Bank has collaborated with VODACASH SA in the innovating project of enabling international mobile payments in the Democratic Republic of Congo (DRC) through the M-Pesa brand.