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30-10-2014 22:52:00 | by: Administrator | hits: 10214353 | Tags:

Tunisia banks’ credit to women can drive economic growth, IFC report
22-06-2018 | 06:47:00
By ramping up their lending to female entrepreneurs, banks in Tunisia could dramatically increase their profits while also driving economic growth across the country, says a new report from IFC, a member of the World Bank Group.
[Nigeria Business Week] Optimism grows with investments
21-06-2018 | 13:12:54
It has been said by several economic experts that the country’s path to greatness lies on the fields of Agriculture, and not on petroleum.
[Kenya Business Week] Blazing the trail in economic growth
21-06-2018 | 09:44:00
At a time when the rest of Africa continues experiencing suppressed growth occasioned by drought, political upheavals and low private sector activity, East Africa has been in the headline this week.
Resilient East African economies to enjoy sustained growth, report
21-06-2018 | 06:04:27
Ongoing improvement in East Africa’s economic prospects is forecast by Ecobank’s research team in the newly published East Africa section of its flagship financial website, AfricaFICC.
Launch of Coris Bank deepens Islamic banking in Africa
20-06-2018 | 13:26:47
Islamic banking is gaining a strong footing in African region with the launching Islamic banking windows of Coris Bank International in Mali, Senegal, Benin and Côte d’Ivoire.
AfDB joins Global Infrastructure Facility as technical partner
20-06-2018 | 06:27:23
Africa’s infrastructure financing needs are huge. Innovative partnerships are needed to bridge the financing gap and accelerate infrastructure development in Transport, ICT, Water and Energy, that are considered as drivers for growth.
KCB most attractive bank in Kenya, Cytonn report
19-06-2018 | 11:49:38
Cytonn Investments has released its 2018 quarter one Banking Sector Report, which ranks KCB Group as the most attractive bank in Kenya, a position it has retained since 2015, supported by a strong franchise value and intrinsic value score.
[Kenya] World Bank approves $50 million to boost SMEs
19-06-2018 | 06:27:21
The World Bank has approved a $50 million International Development Association credit to increase scale innovation and productivity amongst Kenya’s enterprises.
Madagascar receives $40m from World Bank to improve electricity sector
18-06-2018 | 08:37:00
The World Bank has approved an International Development Association credit of $40 million to improve Madagascar’s electricity sector governance and operations.
[Madagascar] World Bank approves $40 million for electricity sector
18-06-2018 | 06:17:52
The World Bank has approved an International Development Association credit of $40 million to improve Madagascar’s electricity sector governance and operations.
South African Reserve Bank to launch Nelson Mandela banknotes
14-06-2018 | 06:24:00
The South African Reserve Bank is set to launch its first commemorative banknote series, in celebration of the first democratically elected president Nelson Mandela’s birth centenary.
Afreximbank has invested $17 billion in Nigeria to date
13-06-2018 | 06:23:40
The African Export-Import Bank (Afreximbank) approved financing amounting to $17 billion for Nigerian entities between its commencement of operations in 1994 and last December, Bank President Dr. Benedict Oramah has said.
[Nigeria] Union Bank receives PCI DSS recertification
12-06-2018 | 10:02:24
Union Bank announces its attainment of the Payment Card Industry Data Security Standard version 3.2 recertification and the International Organisation for Standardisation ISO/IEC 27001:2013 certification.
[Nigeria] Buhari appoints new Central Bank Deputy Governor
11-06-2018 | 13:11:00
President Muhammadu Buhari has approved the nomination of Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria subject to Senate confirmation.
[Nigeria] CBN issues guidelines on currency swap deal with China
11-06-2018 | 13:09:00
The Central Bank of Nigeria (CBN), on Thursday, released guidelines for the bilateral Currency Swap agreement between Nigeria and China.
Equatorial Guinea joins Afreximbank as 50th participating State
11-06-2018 | 07:15:00
The African Export-Import Bank has welcomed Equatorial Guinea as its 50th member state with the country’s signing of the Instrument of Accession to the Bank’s Establishment Agreement in Malabo on Wednesday.
[Nigeria Business Week] Collaborations birth opportunities
08-06-2018 | 09:20:00
The forming and maintaining of strategic, mutually beneficial partnerships is pertinent to the development of any economy, especially a growing one like Nigeria.
Microsoft Nigeria, First Bank collaborate to bolster SMEs
07-06-2018 | 08:00:00
Microsoft and First Bank of Nigeria will collaborate to provide small- and medium-sized businesses (SMBs) with an array of resources and support, including business networks, technology services and SMB-targeted products.
AfDB promotes better access to mortgage finance in Ghana
07-06-2018 | 06:22:00
The African Development Bank approved a US $15-million senior loan to GHL Bank PLC, which focuses on mortgage finance, to enhance its mortgage loan portfolio and help develop an effective affordable mortgage finance sector in Ghana.
IFC invests in Bank of Africa to expand SME lending in eight countries
04-06-2018 | 13:14:00
IFC, a member of the World Bank Group, has announced a $60 million investment in a regional risk-sharing facility to support Bank of Africa Group’s lending to small and medium enterprises in eight African countries.
I&M Bank Rwanda unveils mobile banking app
04-06-2018 | 09:23:00
I&M Bank Rwanda Ltd has unveiled SPENN, a free mobile banking app covering both personal and business accounts.
FAO and Rabobank to work with Africa smallholders to grow agribusiness
04-06-2018 | 06:22:00
Africa boasts huge potential for social and economic development, with agribusiness poised to play a major role.
Africa Development Bank provides $1 million to Sudan's debt relief
01-06-2018 | 13:45:00
The African Development Bank and Sudan’ Finance and Economic Planning ministry have presided over the signing of a $1-million grant to facilitate Sudan’s access to debt relief.
[Ghana] Williamsville set to acquire True Life Capital Microfinance
01-06-2018 | 08:15:00
Diversified holding corporation Williamsville Sears Management Inc has signed a Letter of Intent for the acquisition of True Life Capital Microfinance Limited, a Ghana-based microfinance firm.
MoneyGram launches money transfer service to all bank accounts in Ghana
31-05-2018 | 08:52:00
MoneyGram has announced the launch of money transfer service directly to any bank account in Ghana. Funds can be sent via MoneyGram online or at any one of MoneyGram's thousands of locations around the world.
[Column] Bob Koigi: Turning the tide on unregulated lending in Africa
31-05-2018 | 06:27:00
With an ever tightening lending landscape by financing institutions and bureaucratic processes in accessing credit, many borrowers in the continent are finding solace in informal lenders.
Italy commits $1.2 million to the Somalia Infrastructure Fund
31-05-2018 | 06:13:00
The African Development Bank has participated in a signing ceremony that occasioned Italy’s contribution of €1 million to the Somalia Infrastructure Fund.
MoneyGram launches money transfer service to all bank accounts in Ghana
30-05-2018 | 10:38:00
MoneyGram has launched a money transfer service directly to any bank account in Ghana.
[Column] Llewellyn le Hané: The speed of Technology- Bucks have become bits and bytes
30-05-2018 | 08:27:50
Technology is becoming increasingly safe, online shopping is not a rarity anymore, even here in Namibia.
Telecom Egypt obtains $200 million long-term financing with Chinese financial institutions facilitated by Huawei
30-05-2018 | 08:08:00
Telecom Egypt and Huawei announced the signing of a US$200 million long-term financing with Chinese financial institutions including the Bank of China and China Export & Credit Insurance Corporation.
African Development Bank, Green Climate Fund and Africa 50 support Desert to Power programme across the Sahel
30-05-2018 | 08:05:00
The African Development Bank, the Green Climate Fund (GCF) and the Africa50 investment fund have signed a letter of intent to collaborate on the Desert to Power programme
Uganda to borrow US $84.73 Million from Exim Bank of China to finance tech skills enhancement
29-05-2018 | 14:53:00
Uganda will borrow US $84.73 Million from the Exim Bank of China to finance the National Science, Technology, Engineering and Innovation Skills Enhancement Project
Angola receives $2billion financing support from Afreximbank
29-05-2018 | 10:53:00
The African Export-Import Bank is arranging up to $2 billion in financing support to Angola, Bank President Dr. Benedict Oramah has said.
Afreximbank partners FCSSC, MIAI for $1b fund to support industrialization, boost Africa-South cooperation
29-05-2018 | 10:44:00
The African Export-Import Bank, the Finance Center for South-South Cooperation and the Made-in-Africa Initiative announce a joint effort to mobilise $1bn in equity fund to channel foreign direct investment from developing (South) economies.
IFC invests $10 million in I&M Bank Rwanda to support small business growth
29-05-2018 | 08:04:00
IFC, a member of the World Bank Group, has announced a $10 million subordinated loan to I&M Bank Rwanda to strengthen the bank’s capital base.
New Development Bank and Development Bank of Southern Africa sign agreement to establish framework for cooperation
29-05-2018 | 06:10:00
The New Development Bank (NDB) and the Development Bank of Southern Africa (DBSA) have signed a Memorandum of Understanding on General Cooperation.
Ecobank named Africa’s best and most innovative retail bank
29-05-2018 | 06:02:00
Ecobank has won two major awards at the African Banker’s prestigious ceremony held at the Paradise Hotel in Busan, South Korea.
[Nigeria] Union Bank introduces robotics to Banking
28-05-2018 | 08:42:00
Union Bank has announced the deployment of the innovative Robotic Process Automation (RPA) technology in its operations; a first in the Nigerian Banking industry.
COMESA 50 Million African Women Project implementation commences in member states
28-05-2018 | 06:57:00
COMESA has begun to engage member States on the implementation of the 50 Million African Women Speak project, a women empowerment project funded by the African Development Bank.
World Bank, Fédération Internationale de l’Automobile and the International Transport Forum launch first regional Road Safety Observatory in Africa
28-05-2018 | 06:51:00
The World Bank, the Fédération Internationale de l’Automobile (FIA), and the International Transport Forum (ITF) have signed a Memorandum of Understanding to establish the first regional Road Safety Observatory in Africa.
[Kenya Business Week] Towards sustainable businesses, public private partnerships and courts to the rescue
24-05-2018 | 09:38:00
Kenya’s business landscape has this week continued to register mixed fortunes with key sectors, including banking, agribusiness, horticulture and insurance featuring prominently.
[South Africa] Old Mutual Private Equity acquires 50% interest in Medhold Group
24-05-2018 | 07:34:00
Old Mutual Private Equity, one of the largest and most established private equity players in South Africa, has announced the acquisition of a 50% interest in Medhold Group, a prominent end-to-end supplier of world-class medical devices.
Schemes of arrangement to the rescue of Kenyan companies in financial distress
24-05-2018 | 05:51:00
Kenyan companies in financial distress now have more options than before. Previously, going into bankruptcy was not an uncommon fate for failing firms.
Telecom Egypt secures $200 million Afreximbank financing facility
23-05-2018 | 13:23:00
The African Export-Import Bank, Afreximbank, has committed up to $200 million to Telecom Egypt to enable the telecommunication company finance working capital.
Korea announces $5 billion financial package for Africa
23-05-2018 | 12:22:00
The Government of Korea and the African Development Bank have issued a Joint Declaration in which Korea announced a $5-billion bilateral financial assistance package for Africa.
Software Group secures deal to digitize operations of Metbank Zimbabwe
23-05-2018 | 10:30:00
Software Group a global software company with African headquarters in Kenya, has secured a deal to digitize the operations of Metbank, one of the pioneers of digital banking in Zimbabwe.
[Kenya] Court stops CFC Stanbic from selling Karuturi assets
23-05-2018 | 08:24:00
CFC Stanbic bid to sell Karuturi’s assets has been halted by the High Court.
East Africa dominates 2018 African Banker Awards
22-05-2018 | 15:31:00
The CEO of Equity Group Holdings Plc in Kenya, James Mwangi, won Banker of the Year.
Zimbabwe becomes Africa Finance Corporation's 19th Member State
22-05-2018 | 11:51:32
Zimbabwe has become the 19th member state of the Africa Finance Corporation (AFC), Africa's leading infrastructure development finance institution.
Bank of Ghana drops policy rate to 17%
22-05-2018 | 08:48:00
As the Bank of Ghana announces a cut in the policy rate from 18 per cent to 17 per cent, the Monetary Policy Committee says it stands ready to take the appropriate policy measures to address any potential threats to the disinflation path.
[Nigeria] African Development Bank approves $100m loan to Indorama for expansion of fertilizer production
21-05-2018 | 06:26:00
The African Development Bank has approved $100m senior loan to Nigerian firm, Indorama Eleme Fertilizer & Chemicals, to support the company’s plans to double its fertilizer production from 1.4 million tons of urea to 2.8 million tons per annum.
[South Africa] FNB introduces selfie authentication in account opening
18-05-2018 | 13:15:00
FNB has announced that SMEs can now completely switch or open a new bank account in less than five minutes through selfie authentication and digital KYC on the FNB App.
Pan-African Bank Ecobank Wins Best Digital Strategy Award
17-05-2018 | 13:42:00
Ecobank’s digital strategy leverages digitalisation for scale and ubiquity and is the key plank in its ambition to be the top consumer financial services franchise in Africa
AfDB Board approves €200m loan to support Morocco's Agriculture value chains
17-05-2018 | 13:11:00
The Board of Directors of the African Development Bank has approved EUR 200 million loan to support inclusive and Sustainable Development of Agricultural Value Chains in Morocco.
[Nigeria Business Week] Nigeria, one economic sector after another, exits recession
17-05-2018 | 13:04:00
The Nigerian oil and gas scene remains as active as ever, with changes surfacing on an almost daily basis. Last week saw the country’s first Marine Engineering Center commence its programs of 18 month academic and field work, which will lead to a masters in Marine Engineering.
African Development Bank approves $20 million facility to boost lending to SMEs in Liberia
17-05-2018 | 05:25:00
The African Development Bank has approved $ 20 million facility to boost lending to small and medium-sized enterprises in Liberia.
Barclays Africa shareholders approve name change to Absa Group Limited
16-05-2018 | 13:18:53
Barclays Africa Group Ltd shareholders have approved that the group changes its name to Absa Group Limited in July, setting in motion the start of one of the largest re-brand projects in Africa at this time.
Stanbic Bank Kenya and Industrial Commercial Bank of China unveil new initiative to promote tourism and trade
16-05-2018 | 11:35:00
Stanbic Bank Kenya and Industrial Commercial Bank of China, have launched a new initiative to promote tourism between Kenya and China by offering incentives for travel, shopping and leisure to tourists visiting the two countries.
[Nigeria] Diamond Bank posts N1.8bn for Q1 2018 in mobile banking revenue
15-05-2018 | 12:28:00
Diamond Bank has released its Q1 2018 unaudited financial results on the floor of the Nigerian Stock Exchange, highlighting realignment in its group structure with a strong focus on the Nigerian market.
Nigerian Banks must deploy technology to adapt to regulatory changes and risk management - SAS
15-05-2018 | 08:29:00
As one of the most regulated industries in the world, banks are under pressure to not only comply with constantly changing regulations but also to modernise their systems.
World Bank Vice President for Africa appointed bank’s global Vice President for Infrastructure
14-05-2018 | 09:09:00
After six years as the World Bank's Vice President for Africa Makhtar Diop has been appointed as the World Bank’s Vice President for Infrastructure.
[Morocco] International Islamic Trade Finance Corporation extends partnership with Banque Centrale Populaire to support Africa- Arab countries trade
11-05-2018 | 06:37:00
Under the umbrella of the Arab Africa Trade Bridges Program, the International Islamic Trade Finance Corporation has extended its partnership with the Banque Centrale Populaire by signing an agreement
[Nigeria] African Development Bank approves $1.5m for Jigawa on-grid IPP solar power procurement program
10-05-2018 | 10:51:49
The Board of Directors of the African Development Bank has approved a US $1.5-million grant from the Sustainable Energy Fund for Africa to support the Nigerian Government’s implementation of Phase 1 of the Jigawa 1-GW Independent Power Producer Solar Procurement Program.
Kenya Bankers Association partners with tech companies to champion online safety campaign
09-05-2018 | 10:48:00
The Kenya Bankers Association has partnered with financial service providers to create awareness on safety measures in conducting transactions while using ATM cards, mobile phones, and online platforms.
AfDB has signed two grant agreements to finance agri-business development projects
08-05-2018 | 14:05:00
The Agriculture Fast Track Fund supports Africa-based agri-business SMEs by financing the development costs of agriculture infrastructure projects that span the value chain from rural feeder roads to agro-processing and marketing facilities, to out-grower schemes.
AfDB accelerates Agribusiness Development in Ethiopia through Agriculture Fast Track Fund
08-05-2018 | 05:11:00
The African Development Bank has signed two grant agreements to finance agri-business development projects through the Agriculture Fast Track Fund.
Zenith Bank now Nigeria's largest bank by customer deposit
07-05-2018 | 13:44:00
Zenith Bank has overtaken First Bank as Nigeria’s largest bank by Customer Deposits, a position held by the latter for decades.
African Development Bank debars CHINT Electric for 36 months for fraudulent practices
07-05-2018 | 13:13:00
The African Development Bank Group has announced the conclusion of a settlement agreement with CHINT Electric Co., Ltd., a power transmission and distribution equipment manufacturer and EPC contractor.
Kenya's mobile money payments hit Sh3.7trn in 12 months
07-05-2018 | 12:54:00
Cash transacted via mobile phones hit Sh3.7 trillion in the 12 months through March. This was helped by rising uptake of mobile loans, amidst concern that a lot of the advances go into the fast-growing gambling industry.
Africa Finance Corporation shows strong financial and operational performance for 2017
07-05-2018 | 08:14:00
Africa Finance Corporation, the infrastructure multilateral development finance institution, has announced its 2017 financial year results.
Kenya becomes latest member of Asian Infrastructure Investment Bank
04-05-2018 | 13:05:00
The Asian Infrastructure Investment Bank’s Board of Governors has approved Kenya to join the bank as a non regional prospective member bringing the China- led infrastructure bank’s membership to 86.
World Bank VP for Africa, Makhtar Diop, visits Kenya and Rwanda
03-05-2018 | 09:24:00
The World Bank’s Vice President for the Africa Region, Mr. Makhtar Diop, will visit Kenya and Rwanda from May 2 to 4, 2018. During his visit, Mr. Diop will meet the Kenyan President, H.E. Uhuru Kenyatta and Rwandan President H.E. Paul Kagame.
[Kenya] Mobile money payments hit Sh3.7trn in 12 months
03-05-2018 | 07:40:00
Cash transacted via mobile phones hit Sh3.7 trillion in the 12 months through March. This was helped by rising uptake of mobile loans, amidst concern that a lot of the advances go into the fast-growing gambling industry.
Mastercard and Unilever unveil digital lending platform targeting African micro entrepreneurs
03-05-2018 | 07:29:00
Mastercard and Unilever have expanded their strategic partnership to help micro-entrepreneurs in Africa and other regions overcome the cash constraints that limit their ability to buy and sell more products and ultimately grow their businesses.
Mastercard and Unilever unveils digital lending platform targeting African micro entrepreneurs
02-05-2018 | 08:57:00
Mastercard and Unilever have expanded their strategic partnership to help micro entrepreneurs in Africa and other regions overcome the cash constraints that limit their ability to buy and sell more products and ultimately grow their businesses.
OFID invests $20 million in Eastern and Southern African Trade and Development Bank
01-05-2018 | 12:54:00
OFID, the OPEC Fund for International Development, has signed a membership and subscription agreement with the Eastern and Southern African Trade and Development Bank.
National Bank of Egypt joins enterprise software firm R3's global blockchain initiative
01-05-2018 | 10:43:00
The National Bank of Egypt has joined enterprise software ‎firm R3’s global blockchain, an initiative of over 200 financial services firms comprising ‎technology companies, banks, trade associations, and regulators, according to bank officials.
World Bank approves $180 million to support Kenya's energy sector
01-05-2018 | 10:17:20
The World Bank has approved a $180 million International Development Association (IDA) Guarantee to mobilize private sector financing to strengthen the financial position of Kenya Electricity Generation Company Limited.
National Bank of Egypt joins enterprise software firm R3's global blockchain initiative
01-05-2018 | 09:57:00
The National Bank of Egypt has joined enterprise software ‎firm R3’s global blockchain, an initiative of over 200 financial services firms comprising ‎technology companies, banks, trade associations and regulators, according to bank officials.
MTN and Ecobank form task teams for targeted African expansion
01-05-2018 | 06:35:00
MTN and Ecobank are to form task teams to identify the most appropriate financial services products for each of the 13 African markets they plan to target jointly.
MTN and Ecobank form task teams for targeted African expansion
30-04-2018 | 13:53:00
MTN and Ecobank are forming task teams to identify the most appropriate financial services products for each of the 13 African markets they plan to target jointly.
IFC and Groupe Crédit Agricole du Maroc partner to support Morocco’s farming sector
30-04-2018 | 13:36:00
International Finance Corporation, a sister organization of the World Bank, and Groupe Crédit Agricole du Maroc (GCAM), a major Moroccan bank, have signed an agreement to help farmers and agribusiness companies gain access to modern equipment.
Central Bank of Nigeria limits USSD transactions to N100,000 per day
30-04-2018 | 13:15:00
Effective June 2018, bank customers will not be able to use Unstructured Supplementary Service Data (USSD) channel to conduct transactions more than N100, 000 per day.
[Egypt] United Bank, IDA cooperate to support SMEs
30-04-2018 | 07:44:00
The United Bank of Egypt (UB) and the Industrial Development Authority (IDA) signed a joint cooperation protocol last week aimed at supporting small and medium enterprises (SMEs).
Islamic Bank of Guinea introduces financing product for agricultural inputs targeting pineapple farmers
27-04-2018 | 06:52:10
The Federation of Fruit Planters of Lower Guinea has organized the distribution of fertilizer to planters who subscribed to a new financing product offered by the Islamic Bank of Guinea (BIG).
Ecobank re appoints Deloitte and Grant Thorton as auditors, announces appointment of new directors
25-04-2018 | 13:10:08
Ecobank Transnational Incorporated the mother company of the Ecobank Group has announced a raft of decisions to guide the company during the shareholders 30th annual general meeting in Lomé, Togo.
African Development Bank launches “Say No to Famine” project in Somalia
25-04-2018 | 06:48:00
The African Development Bank has launched the Say No to Famine – Short-Term Regional Emergency Response Project, STRERP, for Somalia.
[Column] Kieran Whyte: Streamlining trade and infrastructure development in Africa
24-04-2018 | 11:15:00
Increasing intra-African trade is essential for the growth and development of the continent, and so the recent signing of the African Continental Free Trade Area set to be the first continent-wide African trade agreement, is good news.
Ecobank launches Fintech Challenge competition for African start-ups
23-04-2018 | 12:54:00
Pan-African banking group Ecobank, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge.Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions.
[Column] Jim Ovia: Fintech and the future of the Nigerian Banking Industry
23-04-2018 | 09:32:00
With the saturation of the mobile phone market in Nigeria and the advent of Financial Technology startups (FINTECH) in the financial services industry, the Nigerian polity has witnessed higher financial inclusion amongst the underbanked and unbanked.
[Nigeria] Bank of Agriculture, SunTrust Bank ink agriculture financing deal
23-04-2018 | 06:31:26
Bank of Agriculture (BOA) and SunTrust Bank have sealed an e-banking agreement described by the Minister of Agriculture Audu Ogbe as ‘landmark’ and instrumental to the development of agricultural sector in Nigeria.
Anglophone West African countries weather odds to project bright economic prospects, Ecobank research
23-04-2018 | 06:26:19
The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s research team in the newly published Anglophone West Africa section of its flagship financial website.
EIB and IMF partner to build capacity on financial inclusion and stability in Africa
20-04-2018 | 08:00:00
The European Investment Bank (EIB), the EU Bank, and the International Monetary Fund (IMF) have signed a Letter of Understanding to pool their expertise and experience to promote sustainable economic development, financial stability and inclusive growth in Africa.
[Column] Caroline Ndungu: Women economic empowerment key to gender equality
20-04-2018 | 06:05:00
Much of the 20th Century has been characterized by the agitation for the promotion of equality and equity for women who for a long time have played at the periphery of society.
African Development Bank and Asian Infrastructure Investment Bank sign agreement to promote cooperation
20-04-2018 | 06:04:33
African Development Bank and Asian Infrastructure Investment Bank have signed a memorandum of understanding to enhance collaboration on sustainable economic development.
Emerging Africa Infrastructure Fund raises $385 million in new debt financing to drive five year business plan
19-04-2018 | 13:00:00
The Emerging Africa Infrastructure Fund, EAIF, managed by Investec Asset Management has successfully completed its latest fundraising round, raising $385million in new long-term debt capital to invest in Africa.
European Investment Bank and AfDB collaborate to support private sector investment in Nigeria
19-04-2018 | 12:22:02
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country.
Diamond bank partners with MTN, VISA and Microsoft to unveil TECHFEST
19-04-2018 | 08:05:00
Nigeria’s technology space is set to witness experiential platform with the unveiling of TechFest by Diamond Bank Plc in partnership with MTN, Visa, Microsoft, NIBSS, Deloitte and Touche, Interswitch and Beat FM.
AGCO partners with BHBW Zambia and Zambia National Commercial Bank to provide financial solutions in purchase of farm machinery
18-04-2018 | 06:25:00
AGCO, a global manufacturer and distributor of agricultural equipment, has established a retail Finance Partnership to support Zambian farmers in the purchase of farm equipment.
Bank of Uganda launches a new automated clearing house system
17-04-2018 | 14:25:00
A fully automated clearing house will offer a reduction in the time required to clear a cheque to two days and eventually to a single day. The beneficiaries of cheques will, therefore, receive their funds more rapidly according to Bank of Uganda.