30-10-2014 22:52:00 | by: Administrator | hits: 20270649 | Tags:

Ecobank Group appoints Alain Nkontchou as Chairman
13-07-2020 | 14:17:00
Pan-African banking group Ecobank has appointed Mr Alain Nkontchou, a Cameroonian and Independent Non-Executive Director since 2015, as Board Chairman of its holding company, Ecobank Transnational Incorporated (ETI).
Bank of Central African States allows opening of foreign currency, escrow accounts
13-07-2020 | 09:15:00
The Board of Directors of the Bank of Central African States (BEAC) has allowed the opening of foreign currency escrow accounts by petroleum and mining operators.
[Nigeria] CIBN to adopt remote online proctoring for its examinations
10-07-2020 | 13:01:00
The Chartered Institute of Bankers of Nigeria (CIBN) has commenced plans to adopt Remote Online Proctoring for the conduct of its professional banking and certification examinations.
IFC launches USD global bond, raises $2 billion to support private sector in developing countries
10-07-2020 | 08:05:00
IFC issued a new US dollar global benchmark bond, raising $2 billion to support private sector enterprises in developing countries in the face of the global COVID-19 health and economic crisis.
MIGA and TDB increase financing for trade in Eastern and Southern Africa
09-07-2020 | 12:29:00
MIGA, a member of the World Bank Group, has issued a guarantee of EUR 359 million for up to ten years for a loan provided to the Eastern and Southern African Trade and Development Bank.
World Bank approves $425m financing to support infrastructure development in Eastern and Southern Africa
08-07-2020 | 09:49:00
The World Bank approved $425 million in International Development Association financing to support infrastructure development in Eastern and Southern Africa through the Trade and Development Bank and COMESA Secretariat.
[Nigeria] FCMB to acquire 96 %stake in AIICO Pensions
07-07-2020 | 14:41:00
FCMB Group notified the Nigerian Stock Exchange that its pensions arm, FCMB Pensions, has entered into an agreement to acquire 96% of AIICO Pensions.
[South Africa] Nedbank launches tap on phone functionality to enable contactless payments
07-07-2020 | 14:04:00
Nedbank has unveiled its new tap-on-phone functionality that allows all merchants and business owners to convert their mobile phones into payment acceptance devices.
ERDB, European Union invest €61.3 million in green projects across Egypt and Morocco
07-07-2020 | 14:00:00
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are stepping up their support for green investments and climate resilience in Egypt, Morocco.
UBA appoints new Directors for Nigeria and Africa
07-07-2020 | 11:05:00
Pan-African financial services group United Bank for Africa (UBA) has appointed Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, respectively.
World Bank approves$425 million for infrastructure financing in Eastern and Southern Africa
07-07-2020 | 09:49:05
The World Bank Board of Directors has approved $425 million financing to support the provision of infrastructure finance in Eastern and Southern Africa.
Tanzania Vodacom customers to transfer and receive funds from across more than 200 countries worldwide
06-07-2020 | 08:57:00
Tanzania’s leading mobile money service provider Vodacom M-Pesa announced the expansion of its International Money Transfer service portfolio and Vodacom customers will now transfer and receive funds from across more than 200 countries.
IFC provides $100m loan to Egypt’s CIB Bank to support businesses affected by COVID-19
06-07-2020 | 08:06:00
IFC announced a loan of up to $100 million to Commercial International Bank (CIB), Egypt’s largest private bank, to help the bank increase support to clients and companies whose cash flows have been disrupted by the COVID-19 pandemic.
Ecobank Group spearheads new private sector initiative to end malaria in Africa
03-07-2020 | 14:27:00
Ecobank Group has announced its commitment to support ending malaria, launching the first-of-its-kind Zero Malaria Business Leadership Initiative in partnership.
African Development Bank concludes $116m investment in Nedbank SDG-linked bonds
03-07-2020 | 12:51:00
The African Development Bank Group has concluded the investment of R2 billion ($116 million) in Sustainable Development Goals-linked bonds (SDG bonds) issued by Nedbank South Africa.
African Development Bank joins WTO, other MDBs to support trade finance amid COVID-19 crisis
03-07-2020 | 06:26:00
The African Development Bank has joined the World Trade Organisation (WTO)and other multilateral development banks (MDBs) to reduce trade finance gaps that emerge as a result of the COVID-19 pandemic.
Water project boosts yields in Mozambique as farmers grapple with climate extremes
02-07-2020 | 14:22:56
With funding from the African Development Bank the project provided irrigation kits, constructed boreholes, small dams and water troughs that boost farmers’ yields.
[Column] Dr. Kevin Kariuki: The journey to electrifying Africa
01-07-2020 | 14:26:58
Five years into the African Development Bank’s ambitious New Deal on Energy for Africa, the Bank’s investments are set to provide electricity access to around 13 million people.
Barclays receives nod to offer private banking services in South Africa
01-07-2020 | 14:18:00
Barclays has been granted a Financial Advisory and Intermediary Services (FAIS) licence by the Financial Sector Conduct Authority (FSCA) in South Africa.
IFC supports Standard Bank of South Africa expand lending to SMEs during COVID-19
01-07-2020 | 10:31:00
IFC announced a $185 million loan to The Standard Bank of South Africa to help it expand its COVID-19 lending program to small and medium-sized enterprises and corporates affected by the pandemic.
Souley Amadou appointed Acting General Counsel, Director of Legal Service Department, AfDB
01-07-2020 | 07:56:00
The African Development Bank (AfDB) announces the appointment of Mr. Souley Amadou as Acting General Counsel and Director of the Legal Service Department, effective 1 July 2020.
World Bank provides $425m for provision of infrastructure financing in Eastern and Southern Africa
01-07-2020 | 07:30:00
The World Bank approved a total amount of $425 million in International Development Association (IDA) financing to support the provision of infrastructure finance in Eastern and Southern Africa.
EBRD, UNWTO join forces to boost tourism recovery
30-06-2020 | 14:41:00
The European Bank for Reconstruction and Development (EBRD) and the United Nations World Tourism Organisation (UNWTO) are joining forces to boost the recovery of the tourism sector across the 38 economies where the Bank invests.
Ecobank Nigeria extends zero charge fee for digital money transfers
30-06-2020 | 14:30:00
Ecobank has extended its zero-charge fee for digital money transfers below N5,000 till the end of September this year.
AfreximBank receives $200 million financing from ITFC to boost agriculture sector in Sub Saharan Africa
30-06-2020 | 14:27:00
The International Islamic Trade Finance Corporation, has signed a $200 million syndicated Murabaha financing agreement with Afreximbank to support the agriculture sector in Sub Saharan Africa.
AfDB, World Bank, IMF commit to support Sudan’s transformation
30-06-2020 | 11:09:00
Three leading international financial institutions, the African Development Bank, the World Bank, and the International Monetary Fund (IMF), pledged multi-pronged support to Sudan.
IFC offers incentives for lending to SMEs and women-led business in sub-Saharan Africa
30-06-2020 | 06:28:00
IFC is boosting its response to the COVID-19 pandemic by offering new incentives for financial institutions to provide loans to SMEs in the poorest countries and to women entrepreneurs across all emerging markets.
TDB picks Newgen Software to digitize operations
26-06-2020 | 06:26:00
Newgen Software has announced that Eastern and Southern African Trade and Development Bank (TDB), is going live with its electronic document and records management system.
African Development Bank ranks 4th on global index of transparency
25-06-2020 | 07:16:48
Publish What You Fund has ranked the African Development Bank fourth out of 47 global development institutions on its Aid Transparency Index.
[Ghana] Cocoa Board launches $600 million syndicated loan facility for industry investment projects
24-06-2020 | 14:44:00
The Ghana Cocoa Board officially launched the $600 million syndicated loan facility which it signed with some Development Finance Institutions to provide funding for various investment projects within Ghana’s cocoa industry.
[Kenya] CBK reviews emergency measures to facilitate mobile money transactions
24-06-2020 | 14:16:00
Following the March announcement by the Central Bank of Kenya (CBK) of measures to facilitate increased use of mobile money transactions instead of cash, in the context of the COVID-19 pandemic, CBK has reviewed its implementation.
Ecobank Group and JA Africa to promote financial literacy skills among Africa’s youth
24-06-2020 | 14:07:49
Junior Achievement (JA) Africa and Ecobank Group have announced their new partnership- “Banking on Africa’s Youth.”
[Nigeria] Absa successfully completes Dangote Cement debut Series 1 bond offering
24-06-2020 | 13:19:00
Absa Capital Markets Nigeria, acting as joint lead issuing house, successfully completed Dangote Cement debut Series 1 bond offering, allocating NGN 100 billion in 5-year fixed-rate senior unsecured bonds.
Cititrust launches culture transformation journey in Nigeria
24-06-2020 | 09:16:00
Financial services holding company Cititrust has launched its culture transformation journey aimed at delivering excellent service and world-class customer experience in Nigeria.
World Bank approves $55 million to sustain Somalia’s reforms and fiscal response to multiple crises
24-06-2020 | 07:02:00
The World Bank Board of Directors has approved a $55 million International Development Assistance (IDA) grant to support Somalia’s economic recovery.
[Kenya] KCB disburses KSh.2.12 billion dividend payout to treasury
23-06-2020 | 11:45:00
KCB Group disbursed KSh. 2.12 billion in dividend earnings to the Government of Kenya for the year ending December 2019, signifying a sustained return to shareholders amid a tough operating environment.
S&P Global affirms African Development Bank’s AAA rating with stable outlook
23-06-2020 | 06:04:00
Ratings agency S&P Global affirmed its 'AAA/A-1+' long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook.
EBRD supports Egypt’s real economy through loan to CIB
23-06-2020 | 05:49:00
The European Bank for Reconstruction and Development (EBRD) is reinforcing its support for the Egyptian economy with $100 million loan to Commercial International Bank (CIB), a longstanding partner bank of the EBRD.
EBRD, NBE boost private businesses in Egypt
22-06-2020 | 13:46:00
The European Bank for Reconstruction and Development (EBRD) is supporting the Egyptian Economy with $200 million financing package to National Bank of Egypt (NBE) for trade and for on-lending to local companies.
AfDB invests €225 million to finance Egypt's electricity and green Growth programme
18-06-2020 | 14:33:00
The Board of Directors of the African Development Bank has approved a 225 million euros loan to finance Egypt's Electricity and Green Growth Support Program
QNB Group, Mastercard undertake first successful international Mastercard transaction in Sudan
17-06-2020 | 15:18:04
QNB Group has become the first bank in Sudan to have successfully performed an international payment card transaction in partnership with Mastercard,
African Development Bank joins Nasdaq Sustainable Bond Network
17-06-2020 | 13:03:11
Nasdaq has announced the inclusion of the African Development Bank, one of the world's largest issuers of social bonds, in the Nasdaq Sustainable Bond Network.
Kyriba expands footprint in Middle East, Central Europe and Africa with Midis Group partnership
17-06-2020 | 06:56:00
Kyriba has partnered with Midis Group , a technology organization, comprising some 170 companies across 70 countries in the EMEA region
[Kenya] Equity Group Foundation, Mastercard Foundation commit $1.93 million to support learning amid Covid-19
16-06-2020 | 13:10:00
Equity Group Foundation and the Mastercard Foundation have partnered to support over 14,600 students in the Wings to Fly and Elimu scholarship programs.
Access Bank to issue N100bn worth of loans to Nigerian health sector
11-06-2020 | 09:35:00
In a bid to strengthen the capacity of players in the Nigerian healthcare sector, Access Bank, under the auspices of the Central Bank of Nigeria, will be issuing loans, worth up to N100bn.
[Kenya] KCB shareholders approve KSh.11bn dividend payout
11-06-2020 | 09:17:00
KCB Group has announced a KSh.11.1 billion total dividend payout to shareholders for the 2019 financial year, signifying a sustained return to shareholders amid a tough operating environment.
DBSA, CSIR partner to accelerate technology and infrastructure in South Africa
10-06-2020 | 14:19:00
The Development Bank of Southern Africa and the Council for Scientific and Industrial Research are set to work together to develop technologies and infrastructure to support socio-economic development in South Africa.
EBRD, ONEE partner for clean water in Morocco
10-06-2020 | 10:39:00
The European Bank for Reconstruction and Development (EBRD) has partnered with the National Office for Electricity and Drinking Water (ONEE) in Morocco to speed up the construction of a water treatment plant.
Access Bank to issue $260 million worth of loans to the Nigerian health sector
10-06-2020 | 06:42:00
Access Bank, under the auspices of the Central Bank of Nigeria, will be issuing loans, worth up to N100 billion, approximately $260 million.
AfDB invests $1.2 million in the Ethiopia-Sudan railway feasibility study
10-06-2020 | 06:39:00
AfDB's Board of Directors has approved a $1.2 million grant to Ethiopia's government to finance a feasibility study for construction of a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan.
Incentro and Financial Access support the African market during the crisis
09-06-2020 | 07:56:00
Financial advisory firm Financial Access and IT company Incentro launch ‘LendXS’, a new fintech platform especially developed for the African market.
Absa achieves substantial completion in three-year separation programme from Barclays
08-06-2020 | 10:57:00
Absa Group, one of Africa’s largest financial services providers, is celebrating substantial completion of its separation programme from Barclays PLC, three years after the start.
[South Africa] Absa terminates PSL premiership sponsorship
08-06-2020 | 10:26:00
Absa and the Premier Soccer League (PSL) will be ending their sponsorship relationship of the Absa Premiership when the sponsorship contract expires at the end of the current season.
Subhradeep Mohanty appointed Standard Chartered CFO for Africa and Middle East
08-06-2020 | 10:16:00
Standard Chartered has appointed Subhradeep Mohanty as Chief Financial Officer (CFO) of the Africa and Middle East (AME) region.
EBRD, NBKE partner to support local businesses in Egypt
08-06-2020 | 09:58:00
The European Bank for Reconstruction and Development (EBRD) is providing loans for up to US$ 100 million to National Bank of Kuwait Egypt (NBKE) for on-lending to private businesses in Egypt.
Central Bank of Nigeria introduces the Healthcare Sector Research and Development Intervention Scheme
08-06-2020 | 09:56:00
The Central Bank of Nigeria (CBN) has introduces the Healthcare Sector Research and Development Intervention Scheme (HSRDIS) to help strengthen the public healthcare system.
African Bank Limited adopts Arctic Intelligence’s software AML Accelerate to tackle financial crime
05-06-2020 | 07:56:00
African Bank Limited has invested in Arctic Intelligence’s software, AML Accelerate, to enable seamless completion of Anti-Money Laundering and Counter Terrorism Financing enterprise risk assessments.
African Development Bank delivers on a decade of transformative commitments to reduce poverty
05-06-2020 | 06:52:00
For the past five decades, the African Development Bank Group has been at the forefront of driving Africa’s economic transformation, leveraging its diverse resources and unique know-how as an indigenous development finance institution.
Diaspora remittance flows to Sub Saharan Africa to drop by 23.1%, report
04-06-2020 | 13:36:00
Remittance flows to Sub Saharan African countries will drop by 23.1% from $48 billion in 2019 to $37 billion in 2020 in the wake of the Covid-19 economic crisis, according to the World Bank.
Sparkle, a new digital financial ecosystem, launches in Nigeria
04-06-2020 | 07:39:00
Sparkle, a digital ecosystem providing financial, lifestyle and business support services to Nigerians across the globe has been launched.
[Nigeria] FCMB Connects SMEs to experts with top 5-in 5 initiative
04-06-2020 | 07:27:00
First City Monument Bank (FCMB), has continued to blaze the trail with innovative and value-added offerings to boost the productivity and overall performance of businesses.
Rand Merchant Bank confirms $15bn funding for LNG project in Mozambique
01-06-2020 | 07:21:00
The Rand Merchant Bank (RMB) confirmed that a liquefied natural gas (LNG) project in Mozambique is expected to receive $15 billion (R267bn) of financing commitments at a signing scheduled for June 2020.
[Nigeria] GT Bank launches low cost health insurance product
29-05-2020 | 07:30:12
Guaranty Trust Bank Plc has announced the launch of Beta Health, a low-cost health financing product that offers instant access to health insurance for every Nigerian.
Global Finance names Ecobank most innovative bank in Africa
26-05-2020 | 08:16:00
Global Finance has named Ecobank as the most innovative bank in Africa.
CISI, Tanzania Institute of Bankers deal to enhance global professional standards
22-05-2020 | 14:44:00
The Chartered Institute for Securities & Investment (CISI) and the Tanzania Institute of Bankers (TIOB) have signed an MoU with the aim of advancing professional standards in the Tanzanian banking sector.
[Ghana] President Akufo-Addo launches Gh¢1 billion cap business support scheme
22-05-2020 | 08:50:00
The President of the Republic of Ghana launched the GH¢1 billion Coronavirus Alleviation Programme Business Support Scheme.
Digital transformation establishes UBA’s continental dominance
21-05-2020 | 10:04:00
Pan African Financial group, UBA, has invested in cutting edge technology in a bid to boost its overall service offering to customers a development that has shown its unalloyed commitment to establishing its dominance across Africa.
[South Africa] Standard Bank continues insurance cashback offering
21-05-2020 | 09:46:19
Standard Bank Insurance announced it will continue its 25% cashback relief on car insurance premiums for a second month to the end of May 2020, with clients so far having received cash back amounting to more than R15 million.
Ecobank and Google rolls out digital solutions for African SMEs
21-05-2020 | 06:45:00
Ecobank Group, the pan-African Bank, in collaboration with Google is helping to equip African SMEs with the necessary digital skills to navigate the rapidly evolving business world.
Nigeria fintech company Carbon launches new social banking service
21-05-2020 | 06:35:00
Carbon in an effort to improve the experience of its customers, has launched Carbon Express - A keyboard extension that allows customers to access Carbon services from within whatever app they are using.
[Kenya] Bankers survey projects pandemic-led business slowdown, highlights commitment to support economy
20-05-2020 | 13:42:00
The Kenyan banking industry anticipates a business decline this year as the Coronavirus Disease (COVID-19) continues to affect economic activity across sectors.
World Bank approves $1 billion financing for Kenya
20-05-2020 | 12:16:00
The World Bank has approved a $1 billion budget support operation for Kenya, which helps close the fiscal financing gap, while supporting reforms that help advance the government’s inclusive growth agenda.
ABSA rolls out PowerCARD across Africa
20-05-2020 | 11:59:00
HPS, a leading multinational provider of payment solutions announces it has completed the modernisation of Absa’s African Operations outside of South Africa (ARO) acquiring payments infrastructure journey.
Standard Bank South African Future Trust allocation fully subscribed
20-05-2020 | 06:11:00
All the funds totalling R250 million assigned to Standard Bank by the South African Future Trust (SAFT) have been allocated to the employees of qualifying SMMEs, after six weeks of administering the fund.
OPEC Fund increases support for trade and development in Africa
19-05-2020 | 13:37:34
The OPEC Fund for International Development has increased its trade finance program from $50 to $100 million to enable international financial services firm Natixis to enhance support for trade and development in Africa.
Afreximbank bucks COVID-19 on Course to raise over $1 billion in syndicated loan
18-05-2020 | 07:38:00
The African Export-Import Bank (Afreximbank) vaulted market uncertainties caused by COVID-19 pandemic to successfully conclude a dual-currency Syndicated Loan, raising the equivalent of US$907.5 million.
Standard Bank launches digitized Escrow service in South Africa
15-05-2020 | 07:21:00
Standard Bank has launched a digitized Escrow solution, an online service that has been designed to protect individuals from risks associated with buying or selling goods or services from unknown individuals.
[Kenya] Moody's downgrades KCB, Equity and Cooperative banks ratings to negative
14-05-2020 | 13:07:00
Moody's Investors Service, has changed the outlook of KCB Bank Kenya Limited, Equity Bank and Co-operative Bank of Kenya Limited long-term deposit ratings to negative from stable.
AfDB debars Tunisia's ETEP SA for fraudulent practices in Mali, Guinea
14-05-2020 | 11:29:00
The African Development Bank (AfDB) has imposed a 13-month debarment on Entreprise de Travaux et d’Etudes de Projets (ETEP) SA, a civil engineering company registered in Tunisia, for engaging in sanctionable practices in Mali and Guinea.
World Bank Kenya Country Director Carlos Felipe appointed Bank’s Latin America and the Caribbean VP
14-05-2020 | 06:45:00
Carlos Felipe Jaramillo, an economist and development expert with almost two decades of experience at the World Bank Group, has been appointed Vice President for the Latin America and the Caribbean Region.
EIB, BDC to provide $100 million to finance SMEs in Egypt
13-05-2020 | 12:55:00
The European Investment Bank (EIB) has signed a financing agreement of $100 million with Banque du Caire (BDC) to finance the investments of Egyptian small and medium enterprises (SMEs) in the manufacturing and services sectors.
[South Africa] Banks ready to accept loan applications from COVID-19 distressed businesses
13-05-2020 | 06:20:00
South African banks are now ready to accept loan applications from COVID-19 distressed businesses, as revealed by the National Treasury, the South African Reserve Bank and the Banking Association of South Africa.
[Nigeria] Alwan Ali Hassan appointed Acting Managing Director, Bank of Agriculture
12-05-2020 | 09:00:00
President Muhammadu Buhari has approved the immediate dissolution of the Interim Management Team and the appointment of an Acting Managing Director for the Bank of Agriculture in the person of Mr Alwan Ali Hassan.
[Egypt] QNB ALAHLI receives EBRD Solidarity Package
12-05-2020 | 06:10:55
The European Bank for Reconstruction and Development (EBRD) is rolling out a programme in response to the economic impact of the coronavirus pandemic in Egypt, with a financial package for QNB ALAHLI.
[South Africa] Standard Bank enables online studying with student loan offering
12-05-2020 | 05:22:00
In an effort to aid online learning, Standard Bank is now providing students with a Student Loan facility which allows access to funding for equipment such as laptops/tablets and software.
Somalia’s internal revenue mobilization galvanised by UA 5.5 million grant from African Development Bank
11-05-2020 | 13:04:00
The Federal Republic of Somalia (FGS) revenue mobilization strategy received a boost with a UA 5.5 million grant from the African Development Bank.
AfDB welcomes $10 million Clean Technology Fund investment to diversify Ethiopia’s energy mix
11-05-2020 | 07:07:00
AfDB has welcomed a decision by CTF to extend a $10 million concessional senior loan for development of the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia.
[Tunisia] Enda Tamweel goes live with Temenos Transact
08-05-2020 | 08:21:00
Temenos announces that Enda Tamweel (Enda) has gone live with cloud-native, cloud-agnostic Temenos Transact, the next generation core banking product.
Ecobank partners with Google to help children study online
08-05-2020 | 05:36:00
Ecobank Group is leveraging its distribution and partner networks to raise awareness of literacy apps in the Google Play Store to support the education of children who are at home due to the COVID-19 pandemic.
[Zambia] World Bank debars Liaoning-EFACEC Electrical Equipment Company for 20 months
07-05-2020 | 05:51:00
The World Bank announced 20-month debarment of China-based Liaoning-EFACEC Electrical Equipment Company in connection with fraudulent practices as part of the Lusaka Transmission and Distribution Rehabilitation Project in Zambia.
Botswana’s microlending sector deepens financial inclusion
06-05-2020 | 19:36:00
Economic conditions, regulation and corporate actions have defined the state and size of Botswana financial services sector over the years according to a report by Research and Markets.
Republic of Ireland becomes African Development Bank Group 81st shareholder
06-05-2020 | 06:14:00
The Republic of Ireland has become the African Development Bank Group’s 81st shareholder, following a declaration issued by the institution’s President, Akinwumi Adesina.
MEA banks predict cashless society by 2025
06-05-2020 | 05:11:00
Banks in the Middle East and Africa (MEA) are the strongest believers in a cashless society, according to a global retail banking survey released by Temenos , the banking software company.
[Nigeria] Stanbic IBTC tops banks with gender balance in executive positions
05-05-2020 | 13:23:55
Stanbic IBTC Holdings, a member of Standard Bank Group, has reaffirmed its exemplary role in promoting the tenets of gender balance in the country.
Temenos, Microsoft partner to offer fast access to AI-driven Temenos Financial Crime Mitigation SaaS Solution
05-05-2020 | 12:44:00
Temenos, announced a joint effort with Microsoft to enable access to its AI-powered, Financial Crime Mitigation SaaS solution to allow banks protect both their customers and organization from financial crime increase during the pandemic.
[South Africa] Absa PMI business activity indicator crashes to all-time low, survey
05-05-2020 | 10:14:00
The business activity index of the Absa PMI survey crashed to an all-time low of a mere 5.1 index points in the month of April.
African Development Bank debars Sinotec for 36 months for fraudulent practices in East Africa
01-05-2020 | 07:04:00
The African Development Bank Group announced the debarment of Sinotec Company Limited, an energy solutions company registered in China, for fraudulent practices in East Africa.
Oxfam, partners raise alarm over Somali remittance lifeline
30-04-2020 | 09:17:00
Oxfam International, together with over 100 NGOs, activists, and academics, raised an alarm regarding the plummeting Somali remittances amid the COVID-19 crisis.
AfDB approves $40 million package for Angola’s Banco Millennium Atlântico to support SMEs
30-04-2020 | 06:23:00
The Board of Directors of the African Development Bank has approved a $40 million financial package to support Angola’s Banco Millennium Atlântico.
Standard Bank welcomes COVID-19 loan relief scheme for SMEs in South Africa
29-04-2020 | 12:45:42
The Standard Bank has welcomed the R200bn Covid-19 Term Loan Scheme for Small and Medium Enterprises (SMEs), which brings much needed relief to businesses that have been adversely affected by the COVID-19 in South Africa.