Saturday, August 17, 2019
The Public Investment Corporation has made an equity investment in South African stock exchange, ZAR X, on behalf of the Government Employees Pension Fund. The PIC acquired a 25% stake in the group, which has a trading value of R3.7...
Wala, a Cape Town-based blockchain start-up, is gearing up to roll out zero-fee banking services to the unbanked and underbanked in Uganda. Founded by a pair of Americans, the company has partnered with a Ugandan microfinance institution to enable customers...
Kenya’s government is seeking proposals from banks about a possible $2 billion Eurobond offering in the first quarter of 2018, according to two people familiar with the matter. The East African nation’s Treasury asked banks for pitches on how to structure...
The Asian Infrastructure Investment Bank (AIIB) is set to reach 100 member countries this Saturday once its Board of Governors approve the application of  Rwanda and two other African countries. Headquartered in Beijing, China, the AIIB is a multilateral development...
By Tope Alake and Alonso Soto August 6, 2019, 6:00 AM GMT+2 Updated on August 6, 2019, 7:50 AM GMT+2 Nigerian trade consultant Bamidele Ayemibo says it’s easier to sell his bean cake snacks to China than to neighboring Benin. Trading...
HARARE, Dec. 6 (Xinhua) -- China on Wednesday agreed to provide Zimbabwe with a funding of about 213 million U.S. dollars for infrastructure development projects. The funding includes those for the expansion and upgrading of the country's flagship airport, the...
Global agency Moody’s has downgraded credit ratings of Guaranty Trust Bank Plc and United Bank for Africa Plc, which own subsidiaries in Kenya and other African countries upon downgrade of Nigeria. The firms operate as GTBank and UBA in Kenya. Moody’s...
JOHANNESBURG – Absa Corporate and Investment Bank (CIB) yesterday said that it planned to expand its agriculture loan book to countries such as Ghana, Kenya, Tanzania, Uganda and Zambia, due to good long-term growth prospects in the rest of...
Independent investment firm RisCura has released its latest report on investing in Africa,Bright Africa 2018, which highlights that Africa’s consumer and business spending is expected to reach $6.7 trillion by 2030. The report segments Africa into nine meaningful markets, or...
Today, in the Côte d’Ivoire capital, ahead of the African Union-European Union Summit, the European Investment bank (EIB) signed its first, landmark agreement with the African Export Import Bank (Afreximbank). The agreement involves a finance facility for EUR 100m...
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