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...
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...
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...
With so much of politics, economics, culture - not to mention every other facet of human existence - taking place online, it is startling to realise that such a loose and baggy concept as the "centre of the global...
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...
Blended financing is an emerging method of development funding that is being widely adopted by members of the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD).
In 2015, the UN proposed its Sustainable Development Goals,...
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...
With real GDP growth at near zero and fiscal projects trending downward, it’s unsurprising Standard & Poor’s didn’t wait for the ANC leadership contest in late 2017, or the next budget release, to cut the country’s credit rating to...
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...
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...
