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...
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...
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...
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...
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...
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...
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...
A subsidiary of New Sparta Asset Management, New Sparta Energy (NSE) was established in 2017 to identify, develop, build and operate power generation assets in Africa, with a focus on renewables, and to sub-advise NSAM on Africa strategy. Our in-house...
