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30-10-2014 22:52:00 | by: Administrator | hits: 13195039 | Tags:

Ecobank Transnational Incorporated announces co-option of new director
19-10-2018 | 13:07:06
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced the co-option to its Board of Directors of Mrs. Aichatou Agne Pouye.
AfDB invests $50million in Nigerian SMEs and women owned enterprises
19-10-2018 | 06:45:54
The African Development Bank has approved a $50 million line of credit to Nigeria's Fidelity Bank Plc to support small and medium sized, and women-owned enterprises in selected transformative sectors.
IFC, Attijari bank to support SMEs and energy financing in Tunisia
18-10-2018 | 13:04:00
IFC, a member of the World Bank Group, is providing a €40 million subordinated loan to Attijari bank Tunisia, a leading private bank in Tunisia, part of the Attijariwafa bank Group, to help strengthen its capital base and grow its lending operations.
[Column] Hannalie Marsh: Payments in Africa drives innovation
18-10-2018 | 11:03:00
There is a great demand in Africa for cross-border payments and a need to regulate the payment industry on the continent while at the same time opening it up to include non-banks.
[South Africa] NCR warns public against Charis Financial Services
18-10-2018 | 08:36:59
The National Credit Regulator (NCR) has issued a public warning against Charis Financial Services, an unregistered credit provider, conducting business in Pietermaritzburg, KwaZulu-Natal.
CBA hosts its third economic forum to discuss food security
18-10-2018 | 02:54:00
Commercial Bank of Africa (CBA) yesterday hosted its third Economic Forum at Serena Hotel in Nairobi. The third Economic Forum focused on Food Security and Government policies geared towards Food Security, Trade and Employment.
AfDB leads pan-African campaign against Fall Army Worm
17-10-2018 | 14:06:00
The African Development Bank recently convened a meeting of experts in the agricultural sector to design integrated pest and disease management mechanisms for controlling the spread of the Fall Army Worm in East Africa.
[Column] Sunil Kaushal: How Africa’s banking sector rules have changed
17-10-2018 | 12:30:38
We are fortunate to witness a period of monumental progress in Africa. The changes are visible across all sectors.
[Kenya] Safaricom, KCB best in corporate governance practices, Cytonn
16-10-2018 | 13:58:12
Cytonn Investments has released their annual Cytonn Corporate Governance Report – 2018, “Cytonn CGR”, which demonstrated that firms with higher levels of corporate governance outperformed those with lower levels of corporate governance.
Rwanda, AfDB sign €229m loan agreement to finance electricity projects
16-10-2018 | 11:56:00
The Government of Rwanda has signed a €229.20 million funding agreement with the African Development Bank to support the country’s program to improve electricity supply and expand access to electricity.
[SA Business Week] Water tariffs rise, no markets for black traders
12-10-2018 | 13:21:00
Access to clean water is still a challenge in most of the sub-Saharan Africa countries. Due to the scarcity, the ones who are lucky enough to access it have to dig deeper into their pockets in order to enjoy this basic commodity.
[Nigeria Business Week] Calling for free-trade, efficient energy
11-10-2018 | 12:34:00
The possibility of free trade within Africa is an ongoing one, to which several African countries have pledged their support and signed their agreements. Though Nigeria has shown caution in joining The Agreement, its one champion is Aliko Dangote, Nigerian industrialist and wealthiest African.
Afreximbank presents new trade facilitation programme to Guinean banks
11-10-2018 | 08:57:00
The African Export-Import Bank has taken its recently-introduced Afreximbank Trade Facilitation Programme to Guinean banks, telling representatives of the Guinean banking sector that the programme will lead to improved support from Afreximbank.
Moody’s upgrades Egyptian banking system outlook to positive
11-10-2018 | 06:30:00
Moody's Investors Service upgraded its outlook of the Egyptian banking system to positive from stable.
AFC acquires $300 million facility from Export Import Bank of China
11-10-2018 | 06:25:00
Africa Finance Corporation the infrastructure development finance institution in Africa, has announced its successful acquisition of a loan facility from the Export-Import Bank of China
[Angola] BFA adds new investment center to serve high end customers
10-10-2018 | 06:20:00
Angola's Banco de Fomento (BFA) has opened in Cabinda its first investment Center in BFA in the province and the 10th specialized point in the country.
Egypt’s foreign reserves show $40m increase
09-10-2018 | 06:46:00
Egypt’s foreign reserves increased by $40 million by the end of September 2018 to reach $44.459 billion, compared to $44.419 billion by the end of August 2018, according to the Central Bank of Egypt.
[Nigeria] CBN proposes 15% annual interest on MTN's $8.1bn fine
08-10-2018 | 09:36:00
The Central Bank of Nigeria has asked the court not to grant an injunction that will stop the MTN Group from transferring the disputed $8.1bn back to the country, and wants the company to pay 15 per cent annualised interest on the sum until judgment is given, and 10 per cent from then until the whole amount is paid.
Madagascar rice regions triple yields with support from AfDB
05-10-2018 | 10:46:43
Madagascar’s three key rice farming regions have witnessed an unprecedented transformation, with yields per hectare virtually tripling over the past five years.
[South Africa] Yoco launches Yoco Capital to offer SMBs cash advances
04-10-2018 | 08:20:00
South Africa-based fintech company, Yoco, today launches Yoco Capital. Yoco Capital provides small businesses with fast, efficient access to a cash advance.
Afreximbank supports Unionaire-MIDCO deal to drive intra African trade
03-10-2018 | 06:51:00
Unionaire Group has entered into a partnership with MIDCO, a subsidiary of the Tunisia-based Loukil Group, under an arrangement facilitated by the African Export-Import Bank (Afreximbank).
African banks join J. P Morgan Interbank Information Network
02-10-2018 | 13:50:05
J.P. Morgan has announced the expansion of its Interbank Information Network (IIN), the first live blockchain service offered by the firm.
AfDB injects $266 million into Rwanda’s electricity expansion project
02-10-2018 | 12:13:04
The African Development Bank has approved a loan of $266 million to support Rwanda’s program to improve electricity supply reliability and expand access to electricity.
[Kenya] Impalapay, World Capacity Builders to ease SME trade finance
01-10-2018 | 12:53:00
ImpalaPay has announced a partnership with World Capacity Builders of British Columbia, Canada to enable the cross- border traders join and participate in the Global economy and create meaningful and impact societal wealth.
KCB most attractive bank in Kenya, Cytonn report
01-10-2018 | 10:13:24
Cytonn Investments has released its 2018 first half Banking Sector Report, which ranks KCB Group as the most attractive bank in Kenya, a position it has retained since 2016, supported by a strong franchise value and intrinsic value score.
OPIC, partners launch $125m facility for Botswana's polishing industry
01-10-2018 | 10:05:16
Stanbic Bank Botswana, the Overseas Private Investment Corporation (OPIC) and Botswana Finance LLC, have signed a $125 million loan guaranty, which will encourage and support lending to diamond manufacturers and polishing companies.
[Kenya] CMA, KBA sign deal to promote financial sector innovation
01-10-2018 | 07:32:00
The Capital Markets Authority and the Kenya Bankers Association have signed an MOU that sets the stage for closer collaboration between the two organizations in the areas of research, data sharing, analysis, and stakeholder engagement.
How to make money with currency trading
01-10-2018 | 07:09:00
Many people would like to try a currency trading, but they don’t know where to start. That is why we have prepared this information guide.
AfDB approves $50m facility to support Nigeria’s rural population
28-09-2018 | 06:05:00
The African Development Bank has approved a $50 million line of credit to Nigeria’s Sterling Bank Plc to support micro, small and medium sized enterprises (MSMEs) in strategic sectors.
Eskom set to expand transmission network with $218 loan from AfDB
27-09-2018 | 13:05:00
The African Development Bank has approved a $217.9 million loan to South Africa’s power utility Eskom Holdings Ltd, towards the upgrade and expansion of its transmission facilities.
AfDB seeks partners to lift one billion people out of hunger globally
26-09-2018 | 13:45:00
The African Development Bank has called on global partners to join hands to lift one billion people worldwide out of hunger and said it was leading the way by investing $24 billion in African agriculture.
Africa is the Silicon Valley of banking, TagPay
26-09-2018 | 13:41:37
The rise of fintechs might be shaking up the banking sector in developed countries, but African banks are taking full advantage of this technological revolution.
Rwanda, World Bank sign $26 million agreement to boost agriculture
26-09-2018 | 08:59:15
The Government of Rwanda and the World Bank Group have signed $26.3 million grant agreement to increase agricultural productivity, market access, and food security of the targeted beneficiaries in the project areas.
AfDB boosts jobs for Youth in Africa Strategy with $2 million
26-09-2018 | 06:49:38
The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has provided funds totaling nearly US $2 million to its Jobs for Youth in Africa initiative.
MTN Uganda and Mastercard diversify Mobile Money services in Uganda
25-09-2018 | 10:44:00
MTN Uganda in partnership with Mastercard and United Bank for Africa have announced a new service that will enable quicker, safer and more convenient online payments globally.
Value of transactions at COMESA clearing house crosses $50million mark
25-09-2018 | 09:23:07
The value of transactions processed on the Regional Payment and Settlement System (REPSS) has now crossed $ 50 million worth of transactions with nine Central Banks in COMESA region using the system.
Access Bank partners WorldRemit for instant money transfers to Nigeria
25-09-2018 | 07:36:00
Digital money transfer service WorldRemit has partnered with Access Bank for instant money transfers to Access Bank accounts in Nigeria.
[Egypt] IFC, Banque Misr ink new deal to support female entrepreneurs
25-09-2018 | 06:40:12
IFC, a member of the World Bank Group, has signed an agreement with Banque Misr, Egypt’s second-largest bank, to help expand the number of women-led businesses in its SME Banking portfolio.
[Mozambique] World Bank invests $45 million to boost rural resilience
24-09-2018 | 07:28:00
The World Bank Group’s Board of Executive Directors has approved a $45 million International Development Association grant to support the second phase of the Government of Mozambique’s Conservation Areas for Biodiversity and Development Project.
World Bank, SECO sign $4.6m trust fund to boost SA financial sector
24-09-2018 | 06:07:00
South Africa’s efforts to strengthen its financial sector stability and improve financial inclusion got a boost with the signing of $4.6 million multi-donor Trust Fund program by the World Bank Group and the Swiss State Secretariat for Economic Affairs.
[Nigeria] Clickatell, GTBank, Kwesé partner to offer live streaming
24-09-2018 | 06:01:00
Clickatell Transact and Kwesé iflix, together with GT Bank and other banks in Nigeria have partnered to offer the freshest line-up of sports, news and entertainment, available to millions of Nigerians, via the Kwesé iflix platform.
[Liberia] AfDB approves $1m to boost private sector in wood industry
24-09-2018 | 06:00:00
The African Development Bank’s Fund for African Private Sector Assistance, has approved a grant of US $1 million to Liberia, to provide technical assistance to its fast-growing wood processing industry.
[Nigeria] CBN revokes Skye Bank license, Polaris Bank takes over
24-09-2018 | 05:06:00
As of Monday, September 24, all branches of Skye Bank would wear a new identity, known as Polaris Bank Limited, in the latest take over of a distressed financial institution in the country.
Polycarp Igathe named Managing Director of Equity Bank Kenya
21-09-2018 | 06:14:00
Five months after joining Equity Group Holdings Plc, Polycarp Igathe has been confirmed and named the Managing Director of Equity Bank Kenya.
[South Africa Business Week] JSE grows listing portfolio
20-09-2018 | 17:19:00
This week, the ever aggressive South African business world has seen two major companies, Vivo energy and Naspers all set to list on Johannesburg Stock Exchange (JSE).
[Column] Andrew Cruise:The cloud shift occuring in SA financial sector
20-09-2018 | 09:50:00
Mounting pressure on financial service institutions has forced a change in strategy as disruptors redefine the competitive landscape.
MTN Uganda and Mastercard new card to diversify mobile money services
20-09-2018 | 09:22:23
Known as MTN MoMo, customers will be able to use the card to shop or make payments at the vast network of global outlets accepting Mastercard payments.
Afreximbank signs agreement to boost Africa-Uzbek trade
20-09-2018 | 08:38:00
The African Export-Import Bank (Afreximbank) and the National Bank for Foreign Economic Activity (NBU) of Uzbekistan have entered into a cooperation to strengthen economic relations between African countries and Uzbekistan.
[South Africa] Wala wins Zambezi Prize for micropayments platform
20-09-2018 | 07:44:00
The Legatum Center for Development and Entrepreneurship at MIT, has named South African startup Wala as the grand prize winner of the 2018 Zambezi Prize for Innovation in Financial Inclusion, as well as the regional winner of the MIT Inclusive Innovation Challenge.
ATI, Marsh offer $95 million bank surety for Tanzania rail project
19-09-2018 | 13:30:00
Marsh has provided a $95 million innovative bank surety solution to Yapı Merkezi Construction and Industry Inc., to support the construction of a new high-speed electric railway line in Tanzania.
AfDB issues global benchmark bond of $ 2 billion for 5 years
19-09-2018 | 13:15:31
The African Development Bank, rated triple AAA by the international rating agencies Moody's, S & P and Fitch, has proceeded with a new benchmark bond of $ 2 billion to five years, which will expire on September 20, 2023.
Afreximbank closes $150m Korea-focused club facility
18-09-2018 | 09:24:00
The African Export-Import Bank has closed a Korea-focused $150 million club facility which has Shinhan Bank as coordinator and lender.
Absa launches UK office
18-09-2018 | 06:12:00
Absa, one of Africa’s largest diversified financial services groups, has launched its UK office.
Africa50 names five new independent board members
18-09-2018 | 06:00:00
Africa50 shareholders have approved the expansion of the Board of Directors to include at least half independent directors.
AfDB invests €84 million in Cameroon livestock and fish farming
14-09-2018 | 09:05:38
The African Development Bank Group has extended a loan of €84 million to Cameroon to support livestock and fish production in the central African country in line with the Bank’s strategies to create jobs and raise household incomes.
[Kenya Business Week] Smart cities, a panacea for urban population
14-09-2018 | 06:57:14
As urban population hits unprecedented highs putting pressure on key amenities like housing, transport water and sanitation experts are mulling new and innovative ways to create smarter inclusive and sustainable cities.
[South Africa Business Week] Monash South Africa is now AdvTech owned
13-09-2018 | 18:08:00
ADvTECH has announced the acquisition of Monash South Africa (MSA), a leading South African private tertiary education institution with students from more than 50 countries.
PesaPal opens new office in Arusha
13-09-2018 | 14:20:11
The new Arusha offices are in addition to its offices in Zanzibar and Dar Es Salaam as the company seeks to support its growth strategy particularly in the hospitality and retail segment.
AfDB unveils tool to assess resilience and fragility in countries
13-09-2018 | 13:35:29
The African Development Bank has created and refined a new tool to diagnose fragility in countries, taking into account their capacities and pressures they may be under.
Vibrant mobile money market drives Somalia’s economy
13-09-2018 | 13:32:44
Somalia’s economy is projected to grow at an annual rate of 3–4 percent, according to the third Somalia Economic Update (SEU) published by the World Bank.
[Interview] Cobus Visagie, CEO, Africa Merchant Capital, South Africa
13-09-2018 | 06:49:00
Cobus Visagie is a chartered accountant and entrepreneur, founder of Africa Merchant Capital, an institution focused exclusively on merchant banking finance and solutions.
World Bank review reveals unchanged quality of policies in Africa
13-09-2018 | 06:48:43
The average quality of policies and institutions in Sub-Saharan Africa was broadly unchanged in 2017, according to the latest review by the World Bank.
African Development Bank approves policy on non-sovereign operations
13-09-2018 | 06:44:00
The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO).
Nedbank, Mastercard unveil payment system for South Africa businesses
12-09-2018 | 11:08:00
Nedbank has partnered with Mastercard to launch Qkr! with Masterpass, a mobile order-ahead and payment platform developed by Mastercard Labs.
ICAEW says remittance income will drive economic growth for Africa
12-09-2018 | 10:17:30
The report, commissioned by ICAEW and produced by partner and forecaster Oxford Economics, provides a snapshot of the region’s economic performance. The regions include; East Africa, West, and Central Africa, Franc Zone, Northern Africa, Southern Africa.
AfDB supports Senegal’s national development strategy
12-09-2018 | 07:48:43
The Board of Directors of the African Development Bank has approved a partial credit guarantee for the Republic of Senegal to help hedge currency risk arising from Eurobonds.
NIB and Afreximbank sign €100 million loan facility
12-09-2018 | 07:43:49
The Nordic Investment Bank (NIB) and the African Export-Import Bank (Afreximbank) have signed a 10-year loan programme of € 100 million to finance various infrastructure projects in African countries.
AfDB invests $ 5million to boost SME growth in West Africa
11-09-2018 | 07:05:00
The Board of Directors of the African Development Bank has approved a $ 15 million equity investment in Verod Capital Growth Fund III that will make investments in high growth middle market companies in Anglophone West Africa.
Blockbank partners with Kenya's Spire Bank to spur crypto banking
10-09-2018 | 11:30:00
One of the leading commercial banks in Kenya, Spire Bank, will be instrumental in facilitating a wide variety of international Crytpto banking activity in association with Blockbank.
[Nigeria] Union Bank issues notes under N100b Bond Program
10-09-2018 | 07:31:44
Union Bank of Nigeria has announced the registration of a N100 billion Debt Issuance Programme and the subsequent inaugural issuance of Series I and II Bonds under the newly registered Bond Programme.
[Egypt] ITFC to implement $3b framework agreements to support Egypt
10-09-2018 | 07:22:00
The International Islamic Trade Finance Corporation has announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt, initiating the utilization of the 5th Framework agreement.
NIC Bank Kenya selects Newgen to drive digital transformation
10-09-2018 | 07:17:54
NIC Bank Kenya PLC has announced that it has successfully transformed multiple banking processes, using Newgen's Business Process Management based banking solutions.
China Development Bank, Afreximbank sign trade infrastructure deal
10-09-2018 | 06:39:51
China Development Bank has, signed an agreement providing a $500-million facility to the African Export-Import Bank to enable the African trade finance bank support trade enabling infrastructure projects across the continent.
World Bank launches $9 million infrastructure project in Somalia
07-09-2018 | 12:50:00
The Federal Government of Somalia and the World Bank have launched the flagship infrastructure project in Somalia.
[Nigeria] Hashcash and banks partner to deepen financial inclusion
07-09-2018 | 06:05:00
Conventionally one is prone to associate blockchain exclusively to cryptocurrency, often bypassing the technology’s versatility to solve a wider range of financial problems.
[Nigeria Business Week] Forging bonds at new levels, China bets higher
06-09-2018 | 20:46:00
At first glance, it seems business as usual, but that could not be farther from reality. Business has never been more positive, rapid, nor disruptive.
[South Africa Business Week] Why SA entrepreneurs are not thriving
06-09-2018 | 15:24:00
A Study carried out on more than 1000 entrepreneurs in South Africa revealed that entrepreneurship in South Africa is not thriving, despite the fact that South Africa is one of Africa's strongest economies.
[Kenya Business Week] The UK, China trade factor
06-09-2018 | 13:02:00
Fresh from discussing bilateral ties with the United States, Kenya has over the recent past held trade negotiations and deals with UK and China as the super powers seeks to grow their influence in the country.
AfDB commits to support Equatorial Guinea’s agro industry plan
06-09-2018 | 13:01:03
The African Development Bank group has committed to support Equatorial Guinea’s economic diversification into agro-industry and a program of capacity building to foster public policies.
[South Africa] Four fintechs selected for AlphaCode’s R2.5m program
06-09-2018 | 07:42:00
Four businesses that are shaking up financial services have been named as finalists in AlphaCode’s recently launched accelerator programme, AlphaCode Accelerate.
[Nigeria] UBA’s chat banker, Leo, launched on WhatsApp
06-09-2018 | 07:00:00
Pan-African Financial Institution, United Bank for Africa has announced the commencement of its chat banker ‘Leo’ on the WhatsApp platform.
World Bank Vice President visits Algeria
06-09-2018 | 06:30:00
World Bank Vice President for the Middle East and North Africa, Ferid Belhaj is in Algeria from September 5 to 6, 2018.
[Nigeria] CISI and CIBN announce cooperation agreement ​
06-09-2018 | 06:30:00
The Chartered Institute for Securities & Investment (CISI) and the Chartered Institute of Bankers of Nigeria (CIBN) are delighted to announce the signing of a cooperation agreement in London.
[South Africa] Standard Bank to turn tweets into educational tools
04-09-2018 | 11:05:00
Standard Bank is set to launch first of its kind social campaign on Twitter to show that inspiring and positive tweets can be turned into tangible educational tools with the help of 3D printing and laser cutters.
[Kenya] NIC Bank and MHH International to roll direct import financing
04-09-2018 | 11:02:26
Kenya’s NIC Bank has partnered with MHH Japanese Cars, a subsidiary of MHH International, to extend loans to customers for Japanese sourced second-hand vehicles.
Afreximbank presents trade facilitation program to Egyptian banks
04-09-2018 | 10:23:00
The African Export-Import Bank (Afreximbank) has met in Cairo with leaders of the Egyptian Banking sector to present a new trade facilitation programme which it has developed to transform Africa's trade.
OFID funding supports development in three African countries
04-09-2018 | 07:32:36
OFID, the OPEC Fund for International Development has signed public sector loan agreements totaling to US$37.5 million with Guinea Bissau, Burundi and Uganda to support socio-economic development and living standards in the African continent.
Nimai oversees $10m loan placement to Victoria Commercial Bank Kenya
04-09-2018 | 06:18:25
United Arab Emirates investment banking firm Nimai has been involved in a placement of $10 million loan to Kenya’s Victoria Commercial Bank from US based lending institution World Business Capital Inc.
United Bank for Africa appoints four new board members
03-09-2018 | 09:16:00
The Board of Directors of the United Bank for Africa has announced the appointment of four new members to its board, subject to the approval of the Central Bank of Nigeria.
BNA resumes sale of US dollars to Angola commercial banks
31-08-2018 | 06:14:47
The National Reserve Bank of Angola (BNA) has resumed the sale of foreign currency in dollars to commercial banks, making $30 million available, which had not happened since October 2016.
HF Group records Sh12.6 million in half-year profits
30-08-2018 | 11:53:17
HF Group has posted half-year period pre-tax profit of Ksh 12.6 million for the period ending June 30, 2018, compared to the Ksh 231 million the group recorded in 2017.
[Kenya] KCB in suspect reduction of mortgage claim after intervention
30-08-2018 | 08:41:05
Kenya Commercial Bank (KCB) continued to play unusual games this week on the demands it has been making on their former client Ms Rose Shumi Miscowicz, months after she lost her Kiraraponi, Karen , Nairobi property to a new buyer she helped the bank to buy her house.
[Nigeria] Startup Paystack, gets $8m funding from Stripe, Visa, others
30-08-2018 | 08:22:00
Paystack, a Nigeria-based startup providing payments tools to businesses in Africa, has raised $8 million in Series A funding.
AfDB to invest $30 million in Togo’s agribusiness
30-08-2018 | 07:15:01
The African Development Bank Group has signed loan and grant agreements with the Government of Togo for a total of some 16.63 billion FCFA, as part of its Food Processing Project.
OFID extends $37.5 million loan to Guinea Bissau, Burundi and Uganda
29-08-2018 | 14:11:23
OFID, the OPEC Fund for International Development, has signed public sector loan agreements totaling $37.5 million with Guinea Bissau, Burundi and Uganda to support socio-economic development and living standards in the African continent.
AfDB and partners launch $58 million off grid Energy Access Fund
29-08-2018 | 06:10:00
The Off-Grid Energy Access Fund (OGEF) had its first close with committed capital of $ 58 million from the African Development Bank, the Nordic Development Fund, the Global Environment Facility, Calvert Impact Capital and All On.
[Botswana] China writes off loans
28-08-2018 | 07:56:55
The Embassy of the People's Republic of China has exempted the government of Botswana from payment of the three interest free loans.
AfDB and FAO target agriculture investments to create wealth in Africa
28-08-2018 | 05:58:03
The African Development Bank (AfDB) and FAO have agreed to boost joint efforts aimed at catalysing agriculture sector investments in Africa to end hunger .
[South Africa] Absa CIB advises YeboYethu on Vodacom BEE deal
24-08-2018 | 12:59:00
Absa Corporate and Investment Banking (CIB) has been part of the recently announced Vodacom YeboYethu BEE deal in which it acted as the sole financial advisor.
Angola signs $500 million agreement with Germany's Commerzbank
24-08-2018 | 08:10:00
Angola has signed a framework agreement amounting to $500 million with and the German Commerzbank.