09/19/2016
AfDB Mobilizes $1.4 Billion for Senegal’s Development
The new strategy is aligned with Senegal’s development strategy, the Emerging Senegal Plan
Investment Banking
09/19/2016
Afreximbank closes $300 million China Exim-backed loan
This syndicated facility helps position Afreximbank to strengthen its role in the development of trade between Africa and the rest of the world, in particular China and the rest of the Far East,
09/19/2016
Stanbic Bank Uganda exceeds fund raising for lending
The bank’s lead arrangers included Al Ahli Bank of Kuwait K.S.C.P, Bank of Baroda, SBM Bank (Mauritius) Ltd, and The Commercial Bank (Q.S.C), while Emirates NBD Capital Limited was designated bookrunner for the deal
09/18/2016
Barclays finds it hard to get out of Africa
A bid by Barclays' former CEO to mount a joint bid with the Carlyle Group for the bank's African business has stumbled
09/16/2016
Ahmedabad to host African Development Bank meet next year
A MoU was signed between GoI and AfDB today regarding the holding of the Annual Meetings.
09/16/2016
Stanbic Bank Commences Operations in Côte d’Ivoire
Stanbic Bank Côte d’Ivoire will provide the same high quality Corporate and Investment Banking products; advice; and service experience
09/16/2016
African Development Bank inks missive with Mizuho Bank
The agreement marks the AfDB’s commitment to establish strategic partnerships that are catalytic to deliver its ambitious development agenda on the continent.
09/15/2016
Barclays Africa names new head of trade
David Renwick has been tasked with running both global finance and trade for Barclays Africa
09/15/2016
2016 BusinessDay Banking Awards: Access Bank, UBA, FirstBank, others win big
The bank’s chief executive officer, Herbert Wigwe, emerged the best CEO in 2016 while the bank was also named as the bank of the year.
09/14/2016
Barclays Needs Time, Not Bob
Getting financing and regulatory approval was always going to be tough
09/14/2016
Foreign banks tighten screws on Zim
Local banks have partnerships with international banks, which were used for foreign payments by customers wanting to buy products outside the country.
09/14/2016
EU unveils plan to boost investment in Africa and the EU’s Neighbourhood
This will contribute to implementing the 2030 Agenda on Sustainable Development Goals and the Addis Agenda on Financing for Development.
09/12/2016
Access bank sees strong trade finance growth through Dubai
Nigeria and Sub-Saharan Africa has huge potential despite the current economic slowdown
09/09/2016
Futuregrowth Stands by Loan Freeze to S. Africa State Firms
The government and the ruling party criticized the decision. Insurer Old Mutual Plc, which owns Cape Town-based Futuregrowth, said it wasn’t notified beforehand and that the move didn’t represent the position of the rest of the company.
09/09/2016
Standard Bank signs up New Development Bank
Membership of the bank will be open to member countries of the United Nations over time.
09/08/2016
Reserve Bank to Increase South Africa 2016 Growth Forecast
The central bank said in July the economy won’t expand at all this year.
09/07/2016
Junk means a spike in bad debt, bank warns
Business leaders needed to directly engage with the government and lawmakers to push for the right policies which would encourage growth, he said.
09/05/2016
Barclays Africa sale said to stall as two Approaches falter
Investors are struggling to raise financing.
09/05/2016
Recession: How far can banks go with IPOs?
The bank was issuing local currency bonds after scrapping plans last year to issue a $100m seven-year dollar bond because of currency risks.
09/05/2016
Stanbic, Chinese bank cement ties
SBSA and NDB aim to take advantage of this cooperation agreement to support their respective clients as they grow their business in Africa and other emerging countries.