An Africa Business Community
The Board of Directors of the African Development Bank (AfDB) has approved a line of credit of 13 million euros to support small and medium enterprises and industries (SME/SMI) in Niger. The line of credit (LoC) provided to Société Nigérienne des Banques (SONIBANK) will allow to respond to the SME/SMIs’ need of financing in various sectors including agro-food, poultry, construction, public…
Posted on January 18, 2013 at 1:01pm
MasterCard and Equity Bank of Kenya today announced an agreement at a signing ceremony in Nairobi to issue five million MasterCard-branded debit and prepaid cards, over the next 18 months. This program empowers African consumers to use electronic payments which provide a safe and secure way to pay, versus cash and other forms of…
Posted on January 15, 2013 at 4:18pm
United Bank for Africa(UBA) Plc., one of Africa’s leading financial services institutions, has been given impressive ratings by two top world leading rating agencies, Global Credit Rating Co. (GCR) and Fitch Ratings (Fitch). The good ratings attest the Group’s strong liquidity, solid risk management and robust balance sheet.
GCR assigned UBA a long term national rating of…
ContinuePosted on January 15, 2013 at 4:12pm
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement in Abidjan today at the conclusion of her visit to Côte d’Ivoire:
“It has been a pleasure to be in Côte d’Ivoire on my first visit to this warm and hospitable country as IMF Managing Director. I wish to thank President Alassane Ouattara, Prime Minister and…
ContinuePosted on January 11, 2013 at 1:39pm
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