Saturday, April 20, 2019
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...
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...
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...
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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