Wednesday, November 21, 2018
Finnfund, a Finnish development finance company, has invested $6m in Jumo, a financial services platform providing mobile financial services in emerging markets. Finnfund’s investment, which takes the form of a debt instrument, will support Jumo’s expansion in Africa and Asia...
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...
November 29, 2017, 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...
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...
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...
The year 2017 appears to have been the climax to a series of top executive movements in Rwanda’s banking sector and built a foundation for competition in an industry where it was hitherto, generally non-existent. The expectation is that...
The broad-based slowdown in sub-Saharan Africa is easing, and growth is expected to pick up to 2.6% in 2017 from last year’s 1.4%, the IMF said in its latest Regional Economic Outlook for sub-Saharan Africa. A recovery in oil production...
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...
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...
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...
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