Prospective members, including Nigeria, will officially join AIIB once they complete the required membership procedures
Global Finance also said the bank spent much of last year further developing its OneFarm platform, designed to improve Africa’s agribusiness sector by giving farmers access to financial and other services that will let them migrate from subsistence
"These targets are challenging, but they are realistic. And we are committed to achieving them by protecting and growing our traditional markets and by finding new ones,"
In the two months of May and June 2021, relative to the two months in the prior period, revenues grew, driven from stronger non-interest revenue, costs grew as incentives normalised and credit performance was significantly better, and the credit-loss rati
The company in a statement said the Series 19 CP, which is part of the bank’s N100 billion CP Program, will help the organisation meet its short-term liquidity needs and grant them access to alternative and cheaper source of funding.
The acquisition adds to Vista’s existing banking operations in Guinea, in addition to its banks in Burkina Faso, Sierra Leone and The Gambia.
In 2020, in the wake of the pandemic, Stanbic Bank played a key role in economic recovery through forming partnerships to mobilize resources to combat the COVID-19 pandemic.
Provides systemic liquidity and supports vital supply chains across Africa’s markets; Sustains and increases access to goods and services during the pandemic; Bolsters economic opportunities and inclusive growth, in markets such as Togo, Burkina Fas