An Africa Business Community
On the 15th and 16th of October 2013, Viridis Africa hosts their third Clean Technology conference at Killarney Country Club, Johannesburg, South Africa. The event is dedicated to the introduction of clean technologies as well as associated business/investment opportunities.
The intention of Viridis Africa is to bring together investors such as Inspired Evolution, Sterling Waterford Securities, Lerako Metier, the IDC, Curatio Capital, Vantage Capital and the…Continue
Added by Suza Adam on July 17, 2013 at 7:57pm — No Comments
On the 15th & 16th October 2013 the third Clean Technology business and investment matchmaking conference for the African continent is to be held at the Killarney Country Club, Lower Houghton, Johannesburg South Africa. Called Viridis Africa, (www.viridisafrica.com) the event is…Continue
Added by Suza Adam on March 23, 2013 at 12:00pm — No Comments
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…Continue
Added by Andrea Ayemoba on January 18, 2013 at 1:01pm — No Comments
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…Continue
Added by Andrea Ayemoba on January 15, 2013 at 4:18pm — No Comments
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…Continue
Added by Andrea Ayemoba on January 15, 2013 at 4:12pm — No Comments
“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…Continue
Added by Andrea Ayemoba on January 11, 2013 at 1:39pm — No Comments
The Executive Board of the International Monetary Fund (IMF) today completed the fifth review of Tanzania’s economic performance under the Policy Support Instrument (PSI) and the first review under the precautionary Standby Credit Facility (SCF) arrangement. In completing the SCF review the Board made available for disbursement an additional SDR 37.3 million (about US$57 million),…Continue
Added by Andrea Ayemoba on January 11, 2013 at 1:28pm — No Comments
Mr. Masood Ahmed, Director of the Middle East and Central Asia Department of the International Monetary Fund (IMF), visited Cairo on January 7, 2013. During his visit, Mr. Ahmed met with President Mohamed Morsi, Prime Minister Hisham Kandil, Central Bank of Egypt Governor Farouk El Okdah, Finance Minister Al-Mursi Hegazy, Minister of Planning and International Cooperation Ashraf…Continue
Added by Andrea Ayemoba on January 9, 2013 at 3:26pm — No Comments
Foremost Nigerian financial institution, Guaranty Trust Bank plc has re-affirmed its commitment to the safety of stakeholder funds as it prepares for the 2013 financial year. Investigations show the Bank has installed several new technologies and introduced a number of internal procedures that enable it identify spurious transactions and prevent frauds on customer…Continue
Added by Andrea Ayemoba on January 7, 2013 at 4:31pm — No Comments
The World Bank executed a US$1 billion currency swap transaction for Morocco to manage its exposure to the US dollar from a recent bond issuance. This transaction supports Morocco’s currency risk management strategy by hedging against fluctuations between the US dollar, in which bond payments will be made, and the Euro.
"This transaction is part of the strategy the Ministry of Economy and…Continue
Added by Andrea Ayemoba on January 7, 2013 at 4:31pm — No Comments
Tanzania’s compliance with the Extractive Industries Transparency Initiative (EITI), which promotes greater transparency and accountability in managing oil, gas and mining sectors, “is a milestone for the country’s economic growth prospects,” said the World Bank’s Tanzania country director.
“We congratulate Tanzania on achieving this milestone,…Continue
Added by Andrea Ayemoba on December 21, 2012 at 1:43pm — No Comments
The Board of Directors of the African Development Bank (AfDB) has approved a seven-year multi-currency line of credit for an amount equivalent to USD 300 million to FirstRand Bank Limited (FRB) of South Africa to finance a wide range of projects in local currencies and across Africa.
Most African countries are characterized by low…Continue
Added by Andrea Ayemoba on December 21, 2012 at 12:48pm — No Comments
Inculcating financial literacy in youths through the Lagos Monopoly game will give them a head start in the quest for a fulfilled future and facilitate the emergence astute managers of Nigeria’s economy in future, Mrs. Folake Ani-Mumuney, Head, Marketing and Corporate Communications, First Bank of Nigeria Limited has said.
Speaking at the formal launch of the City of…Continue
Added by Andrea Ayemoba on December 17, 2012 at 5:34pm — No Comments
Shareholders of First City Monument Bank (FCMB) Plc. have given their approval to the scheme of arrangement by the bank to form a holding company (HoldCo) structure.
At the court ordered Extra-ordinary General Meeting (EGM) of the bank held on Monday, the shareholders in attendance voted in favor of the new structure, showing overwhelming support…
Added by Andrea Ayemoba on December 17, 2012 at 5:31pm — No Comments
Guaranty Trust Bank plc. recently launched its partnership with Selfridges, UK to project authentic designs by talented African fashion designers. The collaboration tagged “Guaranty Trust Bank presents Ndani” stems from the Bank’s commitment to the projection of African Art to global audiences as a Proudly African and Truly International financial institution.
Added by Andrea Ayemoba on December 11, 2012 at 5:48pm — No Comments
The Banker Magazine, a publication of Financial Times, has named United Bank for Africa Plc. (UBA), the Bank of the Year, Africa. UBA carted home the regional award for the continent at the Banker Awards ceremony in London, joining the ranks of other regional winners like Scotiabank-Global Americas, Nordea-Western Europe, Raiffeisen Bank International -Central and Eastern…Continue
Added by Andrea Ayemoba on December 10, 2012 at 2:23pm — No Comments
The African Development Bank led a team of Multilateral Development Banks (MDBs) to develop a new joint approach to track climate financing including Adaptation and Mitigation Financing. The reports were launched during a side event panel at the UN Climate Change Conference (COP18) in Doha on December 5.
The new common methodology to…Continue
Added by Andrea Ayemoba on December 10, 2012 at 2:21pm — No Comments
On Tuesday 20th November 2012, the AfDB signed a US$ 0.26 million protocol agreement with Mamaoun Beheiry Centre for Economic and Social Studies and Research (MBC), a policy think-tank in Khartoum named after the first President of the Bank. The grant was approved by the Nigeria Technical Cooperation Fund (NTCF). The agreement was then signed by the Bank’s Resident Representative for Sudan,…Continue
Added by Andrea Ayemoba on November 23, 2012 at 2:45pm — No Comments
The Graduate Development Program and Management Development Program are programs aimed at recruiting intelligent graduates and giving them the training and experience they need to become FCMB’s Divisional Head,…Continue
Added by Andrea Ayemoba on November 20, 2012 at 1:59pm — No Comments
The Executive Board of the International Monetary Fund (IMF) today approved a three-year Extended Credit Facility (ECF)1 Arrangement for Liberia in an amount equivalent to SDR 51.68 million (about US$78.9 million). The overall amount of the program represents 40 percent of Liberia’s quota in the IMF and approval enables the immediate disbursement of SDR 7.382…Continue
Added by Andrea Ayemoba on November 20, 2012 at 1:58pm — No Comments