02/12/2015
Following its fifth review of Guinea’s economic performance under its Extended Credit Facility the International Monetary Fund Board enabled the immediate disbursement of SDR 45.135 million, bringing total disbursements under the arrangement to SDR
02/12/2015
European Investment Bank (EIB), Europe's long-term lending institution, and East African-based regional development body, PTA Bank, launched a new EUR 160 million lending initiative
02/11/2015
EIB Vice-President Pim Van Ballekom said the new program reflects a shared commitment to support private sector in Africa
02/08/2015
Nedbank CEO Mike Brown said that when his bank took a stake in Ecobank it recognised "that early stage markets will experience diverse challenges".
02/05/2015
The awards were made against ETI by two separate court decisions
02/05/2015
Ecobank Transnational Inc., a lender with operations across much of sub-Saharan Africa that is embroiled in a court battle with its former chief executive
02/04/2015
Proceeds of the transaction will be deployed in furthering the group's growth strategy in South Africa, and across the African continent, subject to necessary approvals.
02/04/2015
The price is $75 million or 10 percent less than Standard Bank, Africa's largest banking group by assets
02/03/2015
ICBC buys stake in Standard Bank’s UK business
Standard Bank said on Monday it had completed the sale of a majority stake in its London-based global markets business to Industrial and Commercial Bank of China, but for about 10 per cent less than it had previously announced.
01/26/2015
Barclays Bank of Kenya has identified Chinese business investors in Kenya as a key investment banking growth driver this year
01/23/2015
It will not offer commercial banking services, such as taking deposits or lending, as only Ethiopian state-owned or private institutions are allowed to run such operations.
01/20/2015
Investment bankers earned lower fees for services in sub-Saharan Africa last year than the previous year as fewer deals were completed and debt issuance fell.
01/20/2015
The Johannesburg-based lender has already written down the value of the metal by about half and said last month that any recovery was highly uncertain.
01/19/2015
The banking giant said on Friday that it would assess Nigeria’s suitability to remain in the key emerging currency bond index because of a lack of liquidity in the African country’s forex and bond markets, reuters reported. It has already plac
01/19/2015
Standard Bank Group, Africa’s largest lender by assets, has been named Best Foreign Exchange Provider in Africa for a third successive year for the 2015 Global Finance World’s Best Foreign Exchange Providers Awards.
01/16/2015
London-based International Finance Magazine has conferred the 2014 award for 'Best Investment Bank' in Nigeria to Dunn Loren Merrifield.
01/16/2015
China has become big in Africa. Now for the backlash
01/15/2015
Nigeria’s Access Bank Plc has opened a representative office in China in its bid to become the world’s most respected African bank.
01/15/2015
According to the bank’s Marketing and Communications Sazikazi Hlophe, the bank did not only win the prize money but an additional trophy
01/09/2015
This has pushed-up valuations to an average price-earnings ratio of 13.6 for the banking sector