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30-10-2014 22:52:00 | by: Administrator | hits: 19017770 | Tags:

[Kenya] KCB inaugurates new National Bank board
17-10-2019 | 14:12:06
The KCB Group has inaugurated a new board for National Bank of Kenya (NBK), the lender it acquired recently.
European partners strengthen private sector financing in East Africa
17-10-2019 | 13:50:04
Nairobi will this week host the EIB Eastern Africa SME and Microfinance Banking Forum that will seek to improve the economic and social impact of private sector financing supported by the lending arm of the European Union in East Africa.
[Tunisia] African Development Bank grants STEG €138 million for electricity and renewable energy project
17-10-2019 | 13:03:00
The Board of Directors of the AfDB has approved a total funding of 138 million euros for the Tunisian Electricity and Gas Company (STEG) to implement the project development and equipment of the electricity transmission network.
[Nigeria] Access Bank hits over N1billion in daily digital lending
17-10-2019 | 12:34:00
Access Bank’s expanded digital lending portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, has hit a record of N1billion in daily loan value.
[Egypt] Afreximbank to roll out quality assurance centres to support compliance with international standards and technical regulations
17-10-2019 | 12:12:00
Recognizing the negative impact on trade for African countries, the Afreximbank has introduced an initiative to tackle non-compliance with international standards and technical regulations.
[Kenya] Equitel’s Mobile commerce payments records 16% growth
17-10-2019 | 09:20:48
Equitel has recorded a 16% growth in the number of mobile money commerce transactions, according to the latest data from the Communications Authority (CA).
[South Africa] FNB launches new products to support SMEs
16-10-2019 | 13:07:00
South African financial services provider, FNB has launched new products and solutions to help entrepreneurs in the country.
World Bank invests $200 million to boost inclusive and sustainable growth In Cameroon
16-10-2019 | 07:04:00
World Bank Country Director for Cameroon, has signed with Cameroon’s Minister of Economy, Planning and Regional Development a $200 million Development Policy Credit (DPC) which aims to strengthen fiscal sustainability.
[Kenya] KCB maintains stellar performance in Top 1000 World Banks 2019 ranking
15-10-2019 | 08:18:23
KCB Group has been ranked at position 717 in The Banker’s Top 1000 World Banks ranking for 2019, climbing nearly 100 places up, on the back of steady growth and strong balance sheet credentials.
[Madagascar] African Development Bank launches Africa Disaster Risk Financing Programme
15-10-2019 | 07:53:00
The African Development Bank, in partnership with the Government of Madagascar and the African Risk Capacity, has launched the Africa Disaster Risks Financing Programme in Madagascar.
Africa Finance Corporation CEO appointed Vice Chairman, Aker Energy
15-10-2019 | 07:37:00
Aker Energy and Africa Finance Corporation (AFC) have announced the appointment of Mr. Samaila Zubairu as Vice Chairman of Aker Energy’s Board of Directors.
AfDB, Government Pension Investment Fund, partner for green, social and sustainability bond markets
14-10-2019 | 06:33:04
The African Development Bank and Japan’s Government Pension Investment Fund (GPIF) have signed a partnership to promote environmental, social and governance investments in the global capital markets.
Five African countries initiate banking reforms to drive development and tackle climate change, report
11-10-2019 | 11:02:00
Thirty-eight emerging market economies, including five countries in Africa, have initiated key banking reforms to drive development and fight climate change, according to the second Global Progress Report.
Global uncertainty continues to slow growth in Africa's economies, World Bank
10-10-2019 | 07:09:00
Growth in Sub-Saharan Africa remained slow through 2019, hampered by persistent uncertainty in the global economy and the slow pace of domestic reforms.
[South Africa] NEC XON creates KYC solution for mobile networks and financial services
10-10-2019 | 07:08:00
NEC XON has created a KYC solution to help mobile network operators and financial services businesses comply with legislation while cutting the costs, time, and resources associated with issuing SIM and bank cards.
[South Africa] DBSA, GCF partner to help reduce renewables business costs
09-10-2019 | 11:35:00
The DBSA has signed an agreement to reduce the cost of investing in South African renewables by boosting the private sector’s investment in wind and solar power in partnership with the Green Climate Fund (GCF).
[Nigeria] Afreximbank urges creation of specialised agency to take advantage of AfCFTA opportunities
09-10-2019 | 10:44:16
The President of the Afreximbank urged Nigeria to set up a specialized agency to enable it take advantage of the opportunities offered by the implementation of the African Continental Free Trade Area (AfCFTA).
[South Africa] Absa leads the successful syndication of Harmony Gold’s US Dollar term loan
09-10-2019 | 09:18:00
Absa acted as Joint Global Coordinator, Bookrunner, Mandated Lead Arranger and Facility Agent on the refinancing and upsizing of Harmony's existing U$350m term loan and revolving credit facility with a new 3+1 year U$400m term loan.
[Uganda] Fintech company 4G Capital named Silver Winner at Global SME Finance Awards
09-10-2019 | 05:29:58
4G Capital has been named Silver Winner of the ‘Responsible Digital Innovator of the Year’ award at the Global SME Finance Awards held last in Amsterdam.
Vivo Energy opens new commercial space in Senegal
08-10-2019 | 08:43:23
Vivo Energy Senegal, the company that distributes and markets Shell fuels and lubricants, opened its new commercial space called Welcome Corniche, located in Dakar on the West Corniche.
AfDB and partners launch pilot Cities Diagnostics tool in five cities
08-10-2019 | 07:56:00
“The urban opportunities far outweigh the challenges,” said Prof. Davis G. Mwamfupe, the Mayor of Dodoma, Tanzania, during his message to the Cities Leadership workshop, launching the City Diagnostics for five pilot cities in Africa.
IFC partners with CardinalStone to support SMEs in Nigeria and Ghana
08-10-2019 | 06:35:00
IFC is investing $10 million in CardinalStone to expand access to finance for high-growth, underserved small and medium enterprises (SMEs) in Nigeria and Ghana.
African Development Bank announces new accountability index to measure institutional lending to women
07-10-2019 | 13:39:38
The African Development Bank president said that a new tool to track the level of lending to women across the continent will be important for ensuring women get the critical financial help they need.
[Kenya] KCB lists new shares on the Nairobi Securities Exchange in National Bank take-over
07-10-2019 | 11:12:43
KCB Group has listed an additional 142,979,717shares at the Nairobi Securities Exchange (NSE) following the successful acquisition of the National Bank of Kenya (NBK).
[South Africa] Global financial leaders launch digital platform to tackle international trade barriers, bolster business growth
07-10-2019 | 11:00:00
Financial leaders from banks around the world convened in London to mark the official launch of the Trade Club Alliance.
AfDB approves loans of €209 million for expansion of highway that links Kenya’s major economic hubs
04-10-2019 | 09:35:00
The Board of Directors of the African Development Bank Group has approved loans of around €209 million to fund the expansion of a highway that links major economic hubs in Kenya.
SADC electronic platform reduces transfer costs
04-10-2019 | 06:10:00
President of The Southern African Development Community, SADC, Payments System managing body Andrew Mugabi has called on member countries to insert their commercial banks into the regional payment platform.
[South Africa] Investec to list ETNs on A2X
03-10-2019 | 12:55:00
Investec Bank Limited is to secondary list two of its market-leading exchange traded notes (ETNs) on A2X Markets.
[Kenya] Sidian Bank receives $3 million from OikoCredit to extend lending to SMEs
03-10-2019 | 10:10:00
Sidian Bank has received the second tranche of Sh300 million of the initial Sh600 million long term facility from Oikocredit for onward lending to SMEs and microenterprises.
[South Africa] Absa PMI measures second consecutive large fall
03-10-2019 | 09:36:02
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 41.6 index points in September, down from 45.7 in August.
UK aid to boost access to finance for Sub-Saharan Africa
03-10-2019 | 08:42:00
The UK Secretary of State for International Development announced a new UK aid package that will help mobilise £500 million in private sector investment and create 50,000 jobs across Sub-Saharan Africa.
[Kenya] CBK successfully concludes the demonetization of the older series KSh.1,000 notes
03-10-2019 | 06:04:00
The Central Bank of Kenya (CBK) announces the successful completion of the withdrawal (demonetization) of the older series KSh.1,000 notes.
[Kenya] Tatu City and I&M Bank ink property financing deal
02-10-2019 | 11:05:00
Kenya’s urban developer Tatu City and I&M Bank have signed a Memorandum of Understanding to facilitate access to credit for buyers of property within the 5,000-acre development.
Singapore-based credit scoring startup CredoLab launches in Kenya
02-10-2019 | 04:34:00
Singapore - Alternative credit scoring fintech company, CredoLab, officially launches in Kenya to drive financial inclusion by credit scoring more people, especially those who are new to bank and new to credit.
Atlas Mara,OPIC and UBN partner to fund $200 million for inclusive lending in Nigeria
01-10-2019 | 11:58:00
Atlas Mara announced that the Overseas Private Investment Corporation (OPIC) has entered into an agreement to provide $200 million in financing for Union Bank of Nigeria (UBN) to support inclusive lending across Nigeria.
[South Africa] DBSA delivers pleasing performance despite impact of subdued economy
01-10-2019 | 10:45:00
The DBSA delivered an encouraging set of results for the year ended 31 March 2019, despite the adverse impact of the subdued economy on the demand for infrastructure funding.
EXIM approves $5 billion to finance U.S. exports to Mozambique LNG project
01-10-2019 | 09:07:00
The board of directors of the EXIM voted unanimously to authorize a direct loan of up to $5 billion to support the export of U.S. goods and services from multiple states for development and construction of an integrated LNG project in Mozambique.
MoneyGram partners with Agricultural Bank of Egypt to offer in-branch services
30-09-2019 | 11:09:11
MoneyGram, a global money transfer company,has announced a partnership with Agricultural Bank of Egypt (ABE), one of the biggest agricultural banks in the Arab world and Middle East.
Côte d'Ivoire and Kenya named rising stars of global trade
30-09-2019 | 11:04:00
Côte d'Ivoire is the market that has most rapidly improved its trade growth potential over the past decade, according to new research from Standard Chartered (SC.com).
Refinitiv partners with AFGRI Technology Services to use Artificial Intelligence to connect African farmers to banking services
27-09-2019 | 06:14:00
Global provider of financial markets data and infrastructure Refinitiv and South Africa’s agricultural services company AFGRI Technology Services (ATS) have announced the Bankable Farmer Research Initiative.
IFC, Financial Market Council begin consultations for the implementation of the guiding principles for green bonds in Tunisia
26-09-2019 | 11:14:00
IFC, a member of the World Bank Group, and the Financial Market Council today launched a series of consultations aimed at leading to the development of the guiding principles of the Tunisian green bond market, social and sustainable.
Mastercard and Rabobank partner to connect one million farmers to a digital marketplace
26-09-2019 | 06:51:07
Mastercard and Rabobank announced a strategic partnership to give one million farmers in emerging markets access to a digital platform that makes it easier for them to sell their produce for a fair price.
Thales partners with Paycode to support Ghana’s financial inclusion drive
24-09-2019 | 09:08:00
Thales, through its Gemalto expertise, is working in partnership with Paycode to supply dual card technology to GhIPSS (Ghana Interbank Payment and Settlement Systems), supporting plans to enhance the functionality of the e-zwich biometric card.
Afreximbank signs East Africa branch office agreements in Kampala
23-09-2019 | 07:09:00
The African Export-Import Bank (Afreximbank) has, in Kampala, concluded the formalities for the take-off of its East Africa Branch Office in Kampala as it signed the two principal documents with the Government of Uganda.
[Kenya] KCB appoints Paul Russo as National Bank of Kenya MD
20-09-2019 | 08:38:19
KCB Group has appointed Paul Russo as the Managing Director of National Bank of Kenya (NBK, following an approval by the Central Bank of Kenya (CBK).
Ghana Cocoa Board seals deal on USD1.3 billion cocoa syndicated loan agreement
19-09-2019 | 06:49:17
The Ghana Cocoa Board (COCOBOD) has completed a USD 1.3 billion cocoa syndicated loan agreement for the purchase of cocoa beans from local farmers during the 2019/2020 crop season.
BFA becomes first Angolan bank to sign on to Afreximbank's trade facilitation programme
17-09-2019 | 09:04:12
Banco de Fomento Angola (BFA) has signed on to the Afreximbank Trade Facilitation programme for an initial $50-million line of credit, becoming the first Angolan bank to sign on to the programme offered by Afreximbank.
Africa Finance Corporation closes debut dual currency samurai loan facility
16-09-2019 | 07:55:00
Africa Finance Corporation, African investment-grade infrastructure solutions provider, has announced the successful closure of general syndication which raised US$ 233 million and JPY 1 billion.
[Kenya] Standard Chartered roots for sustainable finance at Nairobi Summit
12-09-2019 | 13:08:00
Leading financial and environmental institutions, United Nations, Multinationals and sustainability campaigners are gathering in Nairobi today to hold the inaugural Africa Summit to accelerate green and sustainable finance.
KIB and CISI partner in a new training to enhance Kenyan banking profession
12-09-2019 | 06:10:00
KIB and the CISI have entered into a partnership for the purpose of building capacity, enhancing appropriate knowledge, skills and expertise, promoting integrity and ethical behaviour within the Kenyan banking profession.
Mauritius becomes Africa Finance Corporation's 23rd Member State
12-09-2019 | 06:00:00
The Republic of Mauritius has become the 23rd member state of Africa Finance Corporation (AFC), Africa's leading investment grade, infrastructure solutions provider.
[Kenya] KCB taps into Japan market to expand portfolio in deal with SMBC
10-09-2019 | 11:55:33
KCB Group has signed a pact with Japan based giant lender Sumitomo Mitsui Banking Corporation (SMBC) to drive cross-border trade and deepen financial inclusion.
Standard Bank remains South Africa’s most valuable brand, report
10-09-2019 | 10:59:00
Standard Bank has retained its position as South Africa’s most valuable brand, according to the second edition of the BrandZ Top 30 Most Valuable South African Brands report.
Egypt’s foreign reserves hit near $45b
09-09-2019 | 08:05:49
Egypt’s foreign reserves have risen by about $52 million, recording $44.969 billion by the end of August 2019, compared to $44.917 billion by the end of July 2019, according to the Central Bank of Egypt.
Afreximbank announces $500 million facility for Nigerian manufacturers
06-09-2019 | 08:45:00
Afreximbank will allocate $500 million from its Nigeria-Africa Trade and Investment Promotion Programme to support Nigerian manufacturers.
[Kenya] KCB gets regulatory nod to close NBK deal, appoints designate Managing Director
05-09-2019 | 10:26:00
KCB Group is set to take up control of the National Bank of Kenya (NBK) this week after it received necessary regulatory approvals to acquire the lender.
GCR Ratings appoints new Head of East Africa
05-09-2019 | 08:52:00
GCR Ratings is pleased to announce the appointment of Sylvia Chahonyo to drive its growth and expansion strategy across East Africa.
African Development Bank contributes to major power transmission line in Mozambique
05-09-2019 | 06:26:00
The African Development Bank is to part-finance the construction of a 563 km power transmission line in Mozambique, after signing the agreement on 28 August to start the Temane transmission project.
[Kenya] OikoCredit acquires minority stake in Credit Bank after $1 million equity investment deal
04-09-2019 | 09:14:00
Credit Bank PLC has signed a $1 million equity investment with social impact investor Oikocredit.. The investment, which is subject to regulatory approvals, will see Oikocredit take a minority stake in Credit Bank.
[South Africa] Transaction Capital to list on A2X
03-09-2019 | 08:11:00
Transaction Capital Limited’s shares, with a market cap of R13.5 billion, has been approved for a secondary listing on A2X Markets and will list on Tuesday, 10 September 2019.
[Nigeria] Access Bank issues Tier II N30bn local bond
03-09-2019 | 07:59:00
Access Bank of Nigeria has successfully issued a Tier II N30 billion Fixed Rate Subordinated Unsecured Bond.
United Bank for Africa delivers 21% profit growth, 21.7% average equity return for H1/2019
03-09-2019 | 07:10:00
United Bank for Africa has announced its audited half year financial results for the period ended June 2019, showing growth across key performance indices as well as a significant contribution from its African subsidiaries.
[Kenya] CBK approves National Bank acquisition by KCB
03-09-2019 | 05:34:00
The Central Bank of Kenya (CBK) has approved the acquisition of 100 percent shareholding of National Bank of Kenya by KCB Group.
Afreximbank signs deal with MUFG Bank to strengthen financing cooperation in Africa
30-08-2019 | 06:07:56
MUFG Bank has signed an MOU with the African Export-Import Bank (Afreximbank) to provide a broad framework for collaboration between the two organisations.
Development Bank of Southern Africa and Green Climate Fund forge partnership to boost climate investments
26-08-2019 | 08:11:00
The Development Bank of Southern Africa (DBSA) and the Green Climate Fund (GCF) signed an agreement, which will kick-off a programme to accelerate investments into climate projects and break market barriers.
Innovative leasing deals boost Kenya’s office market, Broll Property
22-08-2019 | 09:43:00
A creative approach to leasing deals is helping innovative landlords offset the challenges of high vacancies in an overstocked Nairobi office market, according to Broll Property Intel’s latest Kenya Office Market Snapshot H1:2019 report.
Ethiopia to open banks for Ethiopian investors in diaspora
19-08-2019 | 11:18:00
The government of Ethiopia recently passed a law that will enable Ethiopian in other parts of the world to invest in the country’s financial services industry.
[Column] Trevor Kimani: Fintechs are disrupting the local traditional remittance market
14-08-2019 | 12:00:00
Data from the Central Bank of Kenya (CBK) shows that diaspora inflows in the country rose to Ksh30.4 billion ($295.3 million) in June compared to Ksh25.1 billion ($243.2) in May.
DBN, DBSA pledge $521 million to finance water, transport and electricity in Namibia
14-08-2019 | 06:30:00
The Development Bank of Namibia (DBN) and the Development Bank of Southern Africa (DBSA) have jointly pledged N$8 billion in finance for infrastructure requirements in Namibia
[Column] Nick Durrant: Helping customers manage their money on the move
14-08-2019 | 05:13:00
Consumers are using mobile devices to purchase financial services and to manage their accounts and this has largely led to the rise in branch closures at most major banks.
[Column] Mike Smits: The rise of Sub-Saharan Africa as a fintech hub
13-08-2019 | 10:41:00
Sub-Saharan Africa is one of the fastest-growing investment zones for financial technology companies according to new research says Forbes.
African Union, AfDB sign $4.8m AfCFTA grant
12-08-2019 | 09:16:00
The African Development Bank Group has signed a US$4.8m institutional support grant to the African Union for implementation of the African Continental Free Trade Area agreement (AfCFTA).
Ethio Lease receives license from the National Bank of Ethiopia to begin operations
09-08-2019 | 11:28:18
The National Bank of Ethiopia has granted the first financial services license to a foreign-owned company, Ethio Lease, as the Ethiopian Government delivers on its promise to gradually liberalize the economy.
Central Bank of Egypt signs agreement with DFSA to fight financial crimes
08-08-2019 | 12:48:00
The Central Bank of Egypt (CBE) has signed a memorandum of understanding with Dubai Financial Services Authority (DFSA) on cooperation in the field of supervising markets.
[South Africa] Prudential Authority fines Bank of Baroda $$27,000 for non-compliance with financial intelligence act
08-08-2019 | 09:57:07
The Prudential Authority (PA) has issued the Bank of Baroda a R400 000, approximately $27,000, administrative sanction for non-compliance with certain provisions of the Financial Intelligence Centre Act.
African Union, African Development Bank sign $4.8 million grant for the continental free trade secretariat
07-08-2019 | 08:50:00
The African Development Bank Group has signed a $4.8 million institutional support grant to the African Union (AU) for implementation of the African Continental Free Trade Area.
Central Bank of Egypt launches fresh standard for risk-free interest rate
05-08-2019 | 11:20:00
The Central Bank of Egypt (CBE) has launched a fresh standard for determining a risk-free interest rate.
World Bank allocates $200 million to boost basic education in Rwanda
05-08-2019 | 06:04:00
The Government of Rwanda and the World Bank have signed a $200 million financing agreement to improve teacher competency and student retention and learning in basic education.
[Kenya] Equity Group delivers 18% asset growth as profit before tax grows by 10%
01-08-2019 | 14:16:00
Equity Group registered an 18% growth in total assets to reach Kshs.638.7 billion up from Kshs.542.02 billion registered the same period the previous year.
EXIM announces members of the 2019 Sub-Saharan Africa Advisory Committee
01-08-2019 | 13:41:43
The Export-Import Bank of the United States (EXIM) announced the appointment of the 11 members of its 2019 Sub-Saharan Africa Advisory Committee.
EXIM Board Of Directors approve preliminary commitments for U.S. exports to projects in Cameroon and Iraq
01-08-2019 | 13:17:00
The Board of Directors of the Export-Import Bank of the United States (EXIM) approved two preliminary commitments of EXIM financing support for U.S. exports to pending projects in Cameroon and Iraq.
Macroeconomic management weakens, social inclusion policies improve slightly in Africa’s poorest countries, World Bank
01-08-2019 | 08:35:00
Africa’s poorest countries saw little to no progress on average in improving the quality of their policy and institutional frameworks in 2018, according to the released World Bank’s annual Country Policy and Institutional Assessment.
AfDB, National Petroleum and Gas Commission pick Centurion Law to build oil and gas capacity in South Sudan
31-07-2019 | 13:23:07
The African Development Bank and the National Petroleum and Gas Commission have selected the Centurion Law Group to build capacity in the Republic of South Sudan’s oil and gas sector.
FTI Consulting expands Corporate Finance & Restructuring in EMEA, appoints three Senior Managing Directors
30-07-2019 | 14:13:00
FTI Consulting announced the appointment of three Senior Managing Directors in the firm’s Corporate Finance & Restructuring segment in London, to help further expand the firm’s market-leading restructuring offering in EMEA.
[Column] Anne Wambui Gaitha: African Trade Agreement key to Financial Services, Logistics, Tourism industries
30-07-2019 | 08:04:00
I believe that the African Continental Free Trade Agreement (AfCFTA) is a game changer in international trade and will be an amazing opportunity for African brands.
GE Healthcare and Access Bank partner to provide financing to Nigeria’s healthcare providers
29-07-2019 | 06:05:53
Access Bank and GE Healthcare are to provide sustainable healthcare equipment financing to private healthcare providers.
[Kenya] Cooperative Bank partners with Metropolitan Sacco to boost service delivery to members
26-07-2019 | 06:26:00
Co-operative Bank of Kenya has deepened its strategic partnership with the Metropolitan National Sacco, formerly Kiambu Teachers Sacco, to streamline and enhance service delivery to the members.
African Trade Insurance Agency signs agreement with MUFG to deepen information sharing
25-07-2019 | 09:42:12
MUFG Bank, Ltd. and the African Trade Insurance Agency (ATI), have signed an agreement that will allow for increased cooperation and information sharing.
[South Africa] Vunani financial services group to list on A2X
25-07-2019 | 07:37:43
Vunani Limited, an independent diversified financial services group, has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from 31 July 2019.
AfDB opens new Country Office for Guinea
25-07-2019 | 07:01:24
Guinean Head of State Alpha Condé and President of the African Development Bank Group Dr. Akinwumi A. Adesina have officially opened the new Country Office for Guinea.
World Bank invests $27 million to support Mali’s renewable energy initiatives
24-07-2019 | 13:10:15
The World Bank’s Board of Executive Directors has approved a $22.7 million financing to support Mali’s efforts to improve access to modern services and promote the deployment of renewable energy in rural areas.
Prime Bank partners with Toyota Kenya in new car loan scheme
24-07-2019 | 11:37:10
Toyota Kenya has partnered with Prime Bank in rolling out the New Drive Loan Facility that will allow Association of Insurance Brokers members get up to 100 percent financing.
Demand for financing and global knowledge remains strong in Middle East and North Africa, World Bank
23-07-2019 | 12:01:00
The World Bank responded to strong demand from the Middle East and North Africa Region (MENA) during the financial year that ended on June 30th, 2019, with US$5.47 billion in new commitments to invest.
[Interview] Peter Macharia Kamau, CEO, Jijenge Credit Limited, Kenya
19-07-2019 | 15:45:00
Peter Macharia Kamau is a seasoned banker with over 30 years experience in the Banking Industry. Peter founded Jijenge Credit, a lending institution operating since 2014 within East Africa.
Afreximbank appoints Idrissa Diop Compliance Director
19-07-2019 | 06:23:00
The African Export-Import Bank (Afreximbank) has appointed Idrissa Diop, formerly of Ecobank Transnational Inc., as its new Director of Compliance.
European Investment Bank and FMO sign up to renewAfrica covenant
19-07-2019 | 06:20:00
The European Investment Bank (EIB) and FMO adhere to the “renewAfrica” initiative, which intends to facilitate and improve financing for renewable energy projects in Africa.
[Kenya] Credit Bank receives $8 million facility from AfDB for SMEs lending
19-07-2019 | 06:05:00
The Board of Directors of the African Development Bank Group has approved a $8 million-targeted financing to Kenya's Credit Bank for lending exclusively to small and medium enterprises.
[Column] Richard Firth: Digital transformation is changing risk management in banks
18-07-2019 | 09:29:05
For some time now, banks have been using digital technologies to help transform various areas of their business; in fact, digital has become deeply embedded in banking strategy.
[Kenya] UBA, Export Trading Group in a $125 million deal to supply quality farm inputs
16-07-2019 | 11:46:58
United Bank for Africa (UBA) has entered into a $ 125 million with Export Trading Group, an African Conglomerate having an integrated agricultural supply chain.
IFC invests in Stanbic to support SME growth in Zambia
16-07-2019 | 07:38:12
IFC, a member of the World Bank Group, announced a 200 million Zambian Kwacha (approximately $15 million) loan to Stanbic Bank Zambia, a wholly owned subsidiary of Standard Bank Group.