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30-10-2014 22:52:00 | by: Administrator | hits: 8437668 | Tags:

Standard Bank partners with UnionPay International to provide Africa with cashless access to China
22-02-2018 | 09:10:00
In a dual development set to transform Africa’s access to China as well as simplify the ability of Chinese to transact in Africa, Standard Bank has signed an agreement with UnionPay International to accept UnionPay cards in multiple African markets.
[Nigeria] FirstBank processes over $2.7 billion on its 894 Quick Banking Channel
20-02-2018 | 11:20:00
First Bank of Nigeria Limited has recorded giant strides in its Financial Inclusion services delivery, via its 894 quick banking, a USSD based channel that enables customers to access banking services using any type of phone and without data/internet.
European Investment Bank to invest $85 million in Rwanda’s infrastructure and private sector
20-02-2018 | 07:41:58
During a high-level visit to Kigali later this week the European Investment Bank is expected to confirm EUR 69 million, $85 milllion, of new infrastructure and private sector investment in Rwanda.
The African Development Bank updates its African Bond Index
19-02-2018 | 08:46:00
The African Development Bank has updated its composite index available to Bloomberg Professional® service subscribers via {BADB Index}.
[Kenya] I&M Bank trains eyes on digital transformation with Fiorano Software
16-02-2018 | 11:21:28
Silicon Valley based digital solutions provider Fiorano Software has been selected by I&M Bank, Kenya to achieve digital transformation to reduce time-to-market while integrating its Finacle, Core Banking System.
[Startup Interview] Roshaan Kulpoo, Founder, United Pay Ltd, Mauritius
15-02-2018 | 11:07:00
As developing countries tap into the unrivaled potential of financial technologies to boost financial inclusion, United Pay Ltd, a Mauritius based company is working with banks to provide innovative digital payment solutions.
Fintech bolsters financial inclusion in Africa, Ecobank
15-02-2018 | 08:32:51
Fintech is boosting financial inclusion across Africa, according to Ecobank, independent pan-African banking group, a pioneer in Africa’s digital transformation.
Afreximbank urges use of factoring to expand Africa’s regional value chains
15-02-2018 | 06:26:00
African countries should take make use of factoring in order to take advantage of the opportunities for expanding the continent’s regional value chains, participants at a regional factoring conference held in Dakar have heard.
African Development Fund receives $700 million from JICA to bolster Africa’s economic growth
13-02-2018 | 10:17:00
The Japan International Cooperation Agency has signed a loan agreement with the African Development Fund designed to provide an Official Development Assistance loan to the tune of $700.9 million.
[Nigeria] Proparco provides $25 million to Access Bank to support agri- food sector
12-02-2018 | 06:27:48
Access Bank, a major player in the Nigerian banking sector, has been awarded a syndicated loan of $ 100 million by FMO, the Dutch development bank.
[Interview] Jens Ischebeck, Founder of Apps-for-money-transfer Guide, Africa & Middle East
08-02-2018 | 12:20:00
Jens Ischebeck is an expert in fintech service providers in Africa, both global and regional. His website, www.apps-for-money-transfer.com, is designed to assist anyone living or operating in the African and Middle Eastern regions to send and receive money in the most quick, efficient, and cost-efficient manner possible.
[Nigeria] Fitch upgrades Access Bank’s national rating to A+
08-02-2018 | 10:13:00
Fitch Ratings, a global rating agency in its latest report, has upgraded Access Bank’s National Long-Term Rating to A+ from A. At the same time, Fitch affirmed the Bank’s Long-Term Issuer Default Rating (IDR) at B.
Money transfer app guide launched for Africa and the Middle East
08-02-2018 | 10:06:10
A specialist money transfer app guide has been launched that is specifically designed for Africa and the Middle East.
Nigerian Export-Import Bank urges SMEs in Southeast and Delta states to access $5 billion export facilities
07-02-2018 | 12:01:00
The Nigerian Export-Import Bank (NEXIM) urges Small and Medium Entrepreneurs (SMEs) in Southeast and Delta States to Access N550 Billion, $5 billion, Export Facilities.
[South Africa] IFC extends $100 million in finance to FNB to expand SME lending
07-02-2018 | 07:17:39
IFC, a member of the World Bank Group, has announced new financing of R1.2 billion, $100 million, to support FNB’s lending to small and medium enterprises, with a focus on women-owned businesses.
[South Africa] Nedbank and FEXCO launch dynamic currency conversion payment solution partnership targeting merchants
06-02-2018 | 11:12:09
Nedbank and FEXCO have announced a partnership through which FEXCO's dynamic currency conversion solution will be provided to Nedbank merchants and their international customers throughout South Africa.
World Bank and Liberian Government sign $24.67m grant to strengthen governance, boost economic transformation
06-02-2018 | 09:17:00
The World Bank and the Government of Liberia have signed a $24.67 million grant agreement for the Fourth Poverty Reduction Support Development Policy Operation for Liberia.
Barclays Africa Group and Frontclear partner to develop Africa’s interbank markets
05-02-2018 | 13:42:00
Barclays Africa Group Limited has signed a 2-year agreement to provide financial support to the Frontclear Technical Assistance Programme (FTAP) through the latter’s Partnership Facility.
[Column] Jens Ischebeck: How to save money with remittances to Africa
05-02-2018 | 09:41:00
International money transfers to Africa are rising. There are good reasons for that. With the choice of the right online money transfer provider you can save yourself a high amount of remittance fees.
[Kenya] European Investment Bank extends a $40 million financing facility to I&M Bank
02-02-2018 | 12:48:00
The European Investment Bank (EIB) has agreed a new US $40 million financing facility with I&M Bank Ltd that will support investment by businesses across Kenya.
World Bank Group President Jim Yong Kim to visit Senegal
01-02-2018 | 08:42:00
World Bank Group President Jim Yong Kim arrives in Dakar today on a three-day visit in conjunction with the visit of President Emmanuel Macron of France.
A2X joins the Teraco ecosystem in a bid to disrupt South Africa’s Capital Markets
01-02-2018 | 08:18:44
A2X Markets, a new, independent stock exchange, has joined Africa’s largest and only vendor neutral data centre, Teraco, to bring its fast trading platform closer to clients.
[Egypt] Cairo Angels joins forces with EG Bank to launch the mint incubator
30-01-2018 | 13:31:56
Cairo Angels, Egypt’s first formal angel investors’ network has launched the Mint startup incubator, created in partnership with EG Bank.
Angola's Aenergy joins Afreximbank shareholding
30-01-2018 | 06:57:00
The African Export-Import Bank has announced the coming on board of Angola-based pan-African conglomerate Aenergy as a shareholder, following its successful subscription to Class “B” shares of the African multilateral trade finance bank.
African Development Bank to reach 29.3 million Africans with electricity by 2020
30-01-2018 | 06:26:16
In line with its High 5 development priorities and, in particular, its agenda to Light up and power Africa, the African Development Bank plans to reach 29.3 million people in African with electricity by 2020.
[Column] Pierre Aurel: Gig Economy disrupts status quo, presenting an opportunity for Africa
29-01-2018 | 10:14:00
Freelancing has found a new name in the digital era. A ‘Gig’ is simply a task performed as a once-off freelancing job, but because the trend towards freelancing has grown so significantly, a new economy has been born: the ‘Gig Economy’.
JP Morgan announces expansion plans to Ghana and Kenya
29-01-2018 | 09:59:45
The American banking firm, JP Morgan Chase & Co aims to grow its presence in Africa by expanding branches to Ghana and Kenya.
Morocco, European bank join hands to boost green projects
25-01-2018 | 11:45:00
Morocco and European Bank for Reconstruction and Development (EBRD) signed Wednesday in Rabat a Memorandum of Understanding on green projects financing.
StanChart Zimbabwe invests $7.1m in branch modernisation
25-01-2018 | 09:51:00
Standard Chartered Bank (StanChart) says the opening of its relocated Avondale branch underscores the financial institution’s commitment to provide an ambient and convenient banking environment for its customers.
African Development Bank provides $21 million for Central Africa fiber backbone project
25-01-2018 | 06:15:21
The African Development Bank (AfDB) Group will work towards the realization of a system for fiber optic interconnection between the Central African Republic, Cameroon and Congo.
Germany invests $32 million towards urban resilience in Somalia
24-01-2018 | 08:48:00
The German Government announced its commitment of EUR 23.4 million to support infrastructure work in Somalia.
Mercury Asset Partners raise $600 million to finance infrastructure projects in Zambia
24-01-2018 | 06:13:00
Mercury Asset Partners, a multinational financing and logistics company says it has mobilized $600 million for the implementation of various infrastructure and investment projects in Zambia.
[Nigeria] Access Bank comes out with new paternity leave policy
23-01-2018 | 08:30:00
Starting January 2018, male employees of Access Bank Plc can take advantage of an enhanced parental leave policy that extends paid benefits to all mothers and fathers.
Union Bank of Nigeria named Fastest Growing Retail Bank
23-01-2018 | 08:00:00
Union Bank, one of Nigeria’s longest standing banking institutions, has been named ‘The Fastest Growing Retail Bank, Nigeria’ in the 2017 edition of the International Finance Magazine (IFM) Awards.
JSC Russian Export Centre joins Afreximbank as shareholder
22-01-2018 | 09:32:32
JSC Russian Export Centre has become the latest international financial organisation to join the African Export-Import Bank as a shareholder following its successful subscription to Class “C” shares of the African multilateral trade finance bank.
Cabrera Capital Markets teams up with HC Brokerage to bring independent institutional Egyptian research to US investors
22-01-2018 | 06:55:18
Cabrera Capital Markets has announced a strategic alliance with HC Brokerage, headquartered in Cairo, Egypt. HC Brokerage is the brokerage arm of HC Securities & Investments.
[Mali] 12,500 new subscribers connected to the national grid with $ 28 million funding from African Development Bank
22-01-2018 | 06:48:00
The year 2018 is starting well for the rural populations of Mali: nearly 12,500 new subscribers living in rural areas will soon be connected to the electricity grid.
South African Reserve Bank Governor Lesetja Kganyago elected as new IMF chairman
22-01-2018 | 06:31:00
The members of the International Monetary and Financial Committee of IMF, have selected Mr. Lesetja Kganyago, Governor of the South African Reserve Bank, as Chairman of the Committee for a term of three years.
Central Bank of Somalia and Somali Financial Institutions work to modernize banking sector
19-01-2018 | 11:27:14
The Central Bank of Somalia and Somali Financial Institutions are taking crucial steps to modernize national payments systems.
[Rwanda] Bank of Kigali picks Fiorano Software to drive its digital transformation
19-01-2018 | 06:29:57
Rwanda’s largest commercial bank, Bank of Kigali, has chosen US tech company Fiorano Software to install its payment platform, as part of the bank's digital transformation agenda.
Access Bank Nigeria upgrades ombudsman to boost dispute resolution
18-01-2018 | 11:42:00
Access Bank has upgraded its customer service function, Ombudsman, for the purpose of resolving service issues between the Bank and its customers.
Egypt receives $500 million from AfDB to support governance reforms
18-01-2018 | 06:28:00
The Board of Directors of the African Development Bank has approved a $500-million loan to finance Egypt’s Economic Governance and Energy Support Program Phase III.
[Kenya] Government to merge six financial agencies to form a mega development bank
17-01-2018 | 07:01:47
The Kenyan government has started a process to set up one strong financial institution that will merge functions of several organizations that currently run parallel and sometimes perform overlapping roles.
Afreximbank, Orascom discuss trade partnership in Africa
17-01-2018 | 06:56:00
The President of the African Export-Import Bank Dr. Benedict Oramah, has received a delegation from Orascom Telecom Media for discussions on areas of possible collaboration between the two organisations in promoting trade across Africa.
Gemalto to provide Ghana Central Bank with PURE payment technology
16-01-2018 | 12:09:00
Digital security provider Gemalto is providing its PURE white-label payment solution to Ghana Interbank Payment and Settlement Systems, a subsidiary of Ghana’s central bank that manages the country’s interbank payment processing system.
African Development Bank launches the 2018 edition of the African Economic Outlook
16-01-2018 | 12:03:00
The African Development Bank is set to launch the 2018 edition of its yearly flagship report. As a leading African institution, the Bank is the first to provide headline numbers on Africa’s macroeconomic performance and outlook.
Cote d’Ivoire unveils mobile money tax
16-01-2018 | 10:35:00
A new tax of 0.5 percent has been introduced on money transfers made through telephone companies in Cote d’Ivoire or their intermediaries, and relates particularly to remittances, according to the 2018 Tax Schedule.
[Column] Dominique Collett: South African fintech in 2018 – what can we expect?
16-01-2018 | 10:17:00
Fintech continues to surprise with little to touch the rise of bitcoin and cryptocurrencies in 2017. This will continue in 2018 and I make some predictions based on what we see happening globally and what we see taking place with our members at AlphaCode.
[Nigeria] United Bank for Africa introduces virtual banker, Leo
15-01-2018 | 09:45:00
Pan-African financial institution, United Bank for Africa, has changed the face of e-banking with the introduction of Leo, the UBA Chat Banker who enables customers make use of their social media accounts to carry out key banking transactions.
[Nigeria] Diamond Bank receives ISO/IEC 20000-1:2011 certification
15-01-2018 | 09:02:00
Diamond Bank of Nigeria has been awarded the ISO/IEC 20000-1:2011 certification by the British Standard Institute (BSI) Group.
Nigeria consolidates position as African Development Bank’s largest shareholder
15-01-2018 | 06:21:18
Nigeria’s President, Muhammadu Buhari, is set to commission the new office complex of the African Development Bank in Abuja, consolidating the country’s position as the Bank’s largest shareholder.
Niger receives $ 43 million from the African Development Bank in budgetary support
12-01-2018 | 06:40:00
Niger has received$ 43 million from the African Development Bank to support its budget.
Deutsche Bank appoints Andreas Voss head of TFFIs in Sub-Saharan Africa
11-01-2018 | 13:43:00
Deutsche Bank has announced the appointment of Andreas Voss as Head of Trade Finance for Financial Institutions in Sub-Saharan Africa, in addition to his current role as Head of Global Transaction Banking West Africa.
Diamond Bank Nigeria appointed WEF adviser
11-01-2018 | 13:25:00
Diamond Bank is pleased to announce its appointment as a Forum Member Adviser to the World Economic Forum. The Forum aims to shape global, regional and industry agendas to deliver WEF’s mission of improving the state of the world.
[Ghana] First National Bank appoints Hannah Annobil-Acquah Retail Banking head
11-01-2018 | 11:56:00
First National Bank has appointed Hannah Annobil-Acquah as Head of Retail Banking. Hannah brings on board a wealth of experience in retail banking, having worked in various functions in the sector for over a decade.
[Ghana] GCB Bank partners with Morocco's largest bank to consolidate transactions in ECOWAS
09-01-2018 | 11:37:00
GCB Bank Limited and Attijariwafa Bank Group, Morocco’s largest financial institution, have signed a Memorandum of Understanding to broaden and consolidate financial transactions in Ghana, ECOWAS and beyond.
[Nigeria] Union Bank’s rights issue records 120% subscription
08-01-2018 | 14:29:00
Union Bank of Nigeria has announced that the Bank successfully raised N49.7 billion through a Rights Issue which closed on October 30, 2017 with subscriptions recorded at 120%.
[Kenya] Stanbic Bank becomes first bank to launch automated float purchase platform for Mpesa agents
08-01-2018 | 13:37:00
Stanbic Bank has become the first bank in Kenya to offer an Automated Float Purchase platform for Mpesa agents.
Central Bank of Kenya approves SBM Holdings offer to acquire stake in Chase Bank
08-01-2018 | 10:18:24
The Central Bank of Kenya has approved the acquisition of Chase Bank Kenya by Mauritius-based bank, SBM Holdings.
Africa Development Bank invests $14 million in Togo agribusiness
08-01-2018 | 06:51:00
The African Development Bank (AfDB) Group has provided Togo with budget support from a grant from the African Development Fund (ADF) of $1.82 billion.
MTN Rwanda, Amasezerano Bank sign mobile banking agreement
05-01-2018 | 15:17:00
MTN Rwanda and Amasezerano Community Bank have signed an agreement to boost mobile banking. The bank's customers will be able to deposit or withdraw money on their mobile phones using MTN's Push &Pull service.
[Zimbabwe] Time Bank reopens after over a decade's closure
05-01-2018 | 13:58:22
Time Bank of Zimbabwe, one of only four remaining indigenous banks will finally open its doors to the public on Monday the 8th of January, after over a decade of dormancy and running court battles.
[Cameroon] United Bank for Africa sets up in University of Douala to provide banking services
05-01-2018 | 08:45:16
The United Bank for Africa, UBA Cameroon, has built an ultra-modern business office in the University of Douala designed to provide modern banking services to students, staff and other esteemed customers.
Ethiopia's Banking Sector welcomes new bank
04-01-2018 | 11:30:00
A new bank under establishment called Dalol Bank SC is subscribing shares by public offering to become the newest entrant to Ethiopia’s banking industry.
Morocco joins the World Bank Treasury Government Debt and Risk Management Program
04-01-2018 | 09:14:01
The World Bank Treasury announced today the addition of two new members, Morocco and Ukraine, to the Government Debt and Risk Management program.
[Ethiopia] Bank of Abyssinia posts fastest growth in seven years
03-01-2018 | 13:45:00
Bank of Abyssinia posted the fastest profit growth in seven years owing to the huge improvement in revenues from financial intermediation, making it the third most profitable private bank in the country.
Central Bank of Kenya issues banks strict directives on combating money laundering and terrorism
03-01-2018 | 10:46:12
To strengthen its risk based approach in managing money laundering and terrorism financing risks in the banking sector, the Central Bank of Kenya has drafted a Guidance Note on Conducting Money Laundering/ Terrorism Financing Risk Assessment.
Root programmable bank account launching in South Africa this year
02-01-2018 | 14:00:00
2018 will see the commercial launch of Root – a bank account which comes with a programmable credit card, online banking interface, mobile app and APIs.
Zenith Bank Nigeria appoints two executive directors, an independent non-executive director
02-01-2018 | 13:08:00
The Board of Directors of Zenith Bank has approved the appointment of Dr. Temitope Fasoranti and Mr. Dennis Olisa as Executive Directors of the bank effective December 29, 2017.
Ghana unlikely to license new banks in 2018 - BoG
29-12-2017 | 14:01:00
The Bank of Ghana (BoG) has said that it may not license new banks in 2018, adding that the move is to help facilitate strict measures to implement the new capital requirement of 400 million cedis ($92million) next year.
Central Bank of Nigeria suspends new clearing rules for banks
28-12-2017 | 11:56:00
The Central Bank of Nigeria has suspended a review settlement banking arrangement to all clearing sessions for banks and merchant banks, expected to begin January 2.
World Bank approves $2.8 Million to increase Zambia solar energy generation
28-12-2017 | 10:15:00
The World Bank Group has approved an International Development Association guarantee of up to $2.8m that will support Zambia in increasing its solar photovoltaic electricity generation capacity and diversify the country’s primary energy sources.
Tunisia receives €143m from Africa Development Bank to strengthen its digital transformation
28-12-2017 | 08:18:00
The Director General of the AfDB for North Africa and the Tunisian Minister of Development, Investment and International Cooperation have signed two loan agreements relating to support of the development of technical and technological skills.
Portuguese government gives green light for sale of South Africa's Mercantile Bank
27-12-2017 | 11:22:00
The official process of the sale of Mercantile Bank by Caixa Geral de Depósito, a Portuguese state-owned banking and financial services group, can now proceed following legal approval by the Portuguese government.
Union Bank of Nigeria announces changes to its Board of Directors
27-12-2017 | 08:22:00
Union Bank of Nigeria has announced changes to the membership of its Board of Directors with the retirement of an Executive Director, Mr. Ibrahim Kwargana and the resignations of three Non-Executive Directors.
The Islamic Corporation for the Development of the Private Sector and Afreximbank sign agreement to provide sharia compliant financing to SMEs
27-12-2017 | 06:26:00
The Islamic Corporation for the Development of the Private sector and the African Export-Import Bank have signed a line of financing agreement for a $ 100-million facility.
World Bank approve$200 million to support Ghana’s fiscal institutions, jobs, and social security
27-12-2017 | 06:25:00
The World Bank has approved a $200 million International Development Association credit to support Ghana in strengthening its institutions, improving competitiveness for job creation, and maintaining social safety nets to protect the poor and vulnerable.
African Development Bank to raise $8 billion from capital markets in 2018
22-12-2017 | 06:32:00
The Board of Directors of the African Development Bank has approved the Bank’s 2018 borrowing program for $8 billion to be raised from capital markets.
Rwanda and World Bank sign $80 million agreement to support effectiveness in Rwanda’s social protection system
22-12-2017 | 06:29:38
The Government of Rwanda and the World Bank have signed a $80 million financing agreement to support the effectiveness of Rwanda’s social protection system, the flagship Vision 2020 Umurenge Program for targeted vulnerable groups.
ITFC, Afreximbank support African trade with $100 million and €50 million “Murabaha” agreements
22-12-2017 | 06:26:04
The International Islamic Trade Finance Corporation and the African Export-Import Bank have signed a US$100-Million agreement and a EUR 50-Million agreement to facilitate and finance exports amongAfrican countries and between Africa and the rest of the world.
Togo’s efforts to improve power sector’s performance gets World Bank support
21-12-2017 | 08:01:00
The World Bank has approved a $35 million International Development Association (IDA) credit to support the country’s investments in the energy sector.
Afreximbank and AGF agree to collaborate in supporting trade
19-12-2017 | 13:45:00
The African Export-Import Bank today in Cairo entered into an MOU with the African Guarantee Fund for Small and Medium-sized Enterprises for collaboration between the two institutions in promoting trade and economic development in Africa.
Egypt can be frontrunner in African Trade - Afreximbank
19-12-2017 | 11:15:00
Egypt can be a front runner in transforming intra-African trade and boosting innovation and industrialization on the African continent, Kanayo Awani, Managing Director of the Intra-African Trade Initiative at the African Export-Import Bank, said today.
Humaniq opens access to its next generation infrastructure in African countries
19-12-2017 | 10:15:00
Humaniq has announced the launch of its Android App which will enable users to gain access to next-gen financial services.
International Islamic Trade Finance Corporation supports Cameroon's cotton industry with €100m
19-12-2017 | 08:52:09
The International Islamic Trade Finance Corporation signed a EUR 100 million syndicated agreement with the Government of Cameroon and Sodecoton as the Executing Agency for the export of cotton and the import of agricultural inputs.
EFG Hermes launches valU for Instalment sale services in the Egyptian market
19-12-2017 | 05:50:00
EFG Hermes, the financial services corporation in the Middle East and North Africa, has announced the launch of its state-of-the-art Fintech solution under the brand name ‘valU’, offering Egyptian consumers payment-on-installment programs.
[Nigeria] ProvidusBank launches World Elite Mastercard, first in Sub Saharan Africa
18-12-2017 | 12:33:00
ProvidusBank has launched the World Elite Mastercard offering in Nigeria, providing affluent consumers and frequent travelers with a range of priceless travel benefits and lifestyle privileges both at home and abroad.
African Development Bank strengthens Ethiopia’s debt management capacity
18-12-2017 | 09:00:00
The African Development Bank conducted the first of a series of capacity development sessions on debt management for Ethiopia from December 4-8, 2017 in Addis Ababa.
[Togo] The Orabank Group opens a trading room in Lomé
18-12-2017 | 07:32:00
The Orabank Group, present in 12 countries and in four monetary zones in West and Central Africa, announces the opening of a regional and international trading room in Lomé, Togo.
Ethiopia receives $170million credit facility from World Bank to boost fisheries and livestock sectors
15-12-2017 | 09:49:57
The World Bank has approved an International Development Association (IDA) credit of $170 million to boost the contribution of the livestock and fisheries sectors to Ethiopia’s economy.
Africa Development Bank commits $153 million to upgrade Namibia’s road and rail network
15-12-2017 | 07:33:00
To help speed up travel and transportation in Namibia, the Board of the African Development Bank has approved a loan of $ 53 million to the Government of Namibia to upgrade a 210km stretch of railway in the west of the country.
Zimbabwe welcomes Afreximbank support in international re-engagement effort
14-12-2017 | 10:57:00
Zimbabwe will welcome the support of the African Export-Import Bank as it seeks to re-engage with the international and business communities, Emerson Mnangagwa, the country’s new President, has said in Harare.
Côte d’Ivoire’s renewable energy project receives €50m financing support from African Development Bank
11-12-2017 | 07:00:00
Côte d’Ivoire will boost its electricity production through a 44-megawatt hydroelectric power project supported with a €50 million African Development Bank financing loan, approved on Wednesday, 6 September 2017 in Abidjan.
Afreximbank and Attijariwafa Bank sign MOU to support trade across Africa
11-12-2017 | 06:30:00
The African Export-Import Bank and Attijariwafa bank today in Sharm El Sheikh, Egypt, entered into a memorandum of understanding to collaborate in developing a large framework of cooperation in trade across Africa.
[Egypt] Afreximbank and EBE sign agreement for $500m export support scheme
11-12-2017 | 05:45:00
The African Export-Import Bank, in Sharm El Sheikh, Egypt, entered into an agreement with the Export Development Bank of Egypt to collaborate on a $500 million scheme aimed at supporting exports and investments by Egyptian businesses to other African countries.
African Development Bank approves 2017-2021 Central Africa Republic Country Strategy Paper
08-12-2017 | 05:25:00
The Board of Directors of the African Development Bank has approved the new Country Strategy Paper (CSP) for the Central African Republic , which will serve as a reference framework for Bank interventions between 2017 and 2021 and support the country's National Recovery and Peacebuilding Plan .
Firstmonie agents launched in every neighborhood in Nigeria
07-12-2017 | 12:55:00
Imagine a walking, talking ATM. No it is not a machine, Firstmonie agents are humans like you, except you can now perform a majority of your banking transactions with them without stepping into a banking hall.
WorldRemit raises $40m to target 5 million customers in Africa
07-12-2017 | 08:06:00
Digital money transfer service WorldRemit has raised $40m to drive its next phase of global growth, aiming to serve 10 million customers connected to emerging markets. Half of these customers will be in Africa.
AfDB supports Namibia’s agriculture sector with one billion South African Rands
06-12-2017 | 06:00:00
The African Development Bank Group is supporting Namibia’s Agriculture Sector with the approval of One Billion South African Rands (*ZAR 1 billion) loan to finance the country’s Agricultural Mechanisation and Seed Improvement Project.
Barclays Africa, China Development Bank sign agreement to cooperate on development projects in Africa
05-12-2017 | 13:52:00
Barclays Africa Group Limited and China Development Bank have signed a memorandum of understanding aimed at strengthening cooperation and exploring opportunities to fund development projects in Africa.