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October 2010 Blog Posts (10)

Cairo Hosts Visa's 2010 Payment Security Forum

Inc., the global payments technology company, held its 2010 Payment Security Forum in Cairo. The Forum brought together 250 card industry professionals from across the Middle East, Africa, South East Europe, Russia and the CIS region, to address their views and facilitate discussions around the latest payment technology innovations as well as the identification and application of best practices on payment security relevant to markets and businesses globally.

The Forum highlighted key… Continue

Added by Linda Larbie on October 27, 2010 at 4:47pm — No Comments

UBA Adopts Holding Company Model

Following recent regulatory changes in Nigeria, pan African banking group, United Bank for Africa Plc (UBA) announces the implementation of an innovative holding company structure that will drive operational efficiency, support its ambitious growth strategies and be a significant driver of shareholder value, while complying with the guidelines mandated by the Central Bank of Nigeria (CBN) for the separation of banking and non-banking financial service businesses.

The new structure… Continue

Added by Linda Larbie on October 18, 2010 at 3:27pm — No Comments

FirstBank Harvests Three Awards

First Bank of Nigeria Plc (FirstBank), Nigeria’s pioneer and largest lender by market value, has clinched three awards in the United States, being rated the Best Bank in Nigeria 2010. The three awards bestowed on the Bank, during this year’s World Bank/IMF meetings in Washington DC on October 9, 2010 by Global Finance (GF) are “Best Bank in Nigeria, Best Trade Finance Bank and the Best Foreign Exchange Bank for 2010”.

In a poll conducted by GF, the international financial publication… Continue

Added by Linda Larbie on October 13, 2010 at 6:19pm — No Comments

ABSA scores double awards with emeafinance

Absa has chalked up two prestigious awards in the emeafinance African Banking Achievement Awards which were announced last week.

For the second year running, Absa was named as the “Best Local Bank” in South Africa by emeafinance. In addition, the Group’s investment banking division, Absa Capital, was also named among the winners. Its local Debt Capital Markets* (DCM) team was recognised as “Best Debt House”.

“We are delighted to have received these two awards. Absa… Continue

Added by Linda Larbie on October 13, 2010 at 6:15pm — No Comments

Large European leasing and factoring company is searching for partners in Kenya in the financial sector

We are looking for a partner in Kenya, to work together on creating economic opportunities at the Base of the Pyramid through (micro-)leasing and/or factoring.

For us it is essential to find a partner organization whose core priority is to grow in the African leasing and

factoring market, and who is interested in a capacity building trajectory in

which knowledge is exchanged with a large European leasing company. Ideally,

social goals and profit making are… Continue

Added by Bas Vlugt on October 11, 2010 at 1:30pm — No Comments

EIB and ADB finance first large-scale wind farm in Africa

The European Investment Bank and African Development Bank today agreed to provide € 45million to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago. This will be the first large scale wind project in Africa and first renewable energy public private partnership in sub-Saharan Africa.

The project will provide over 28MW of electricity generating capacity and help the island reach an ambitious target of ensuring that 25% of local power needs are… Continue

Added by Linda Larbie on October 8, 2010 at 6:49pm — No Comments

Orange partners with Equity Bank to offer affordable devices .

With data access costs plummeting, Orange today moved to

complete the package by addressing the issue of affordable devices.

The landmark partnership with Equity Bank was signed by the Orange CEO Mickael

Ghossein and Dr.James Mwangi the Equity Bank CEO in Nairobi.

Growth in data access Ghossein said required a threefold approach targeting availability

of bandwidth, affordable devices and reasonable pricing.

The deal stipulates that Orange will provide the… Continue

Added by Linda Larbie on October 7, 2010 at 4:14pm — No Comments

Ecobank Launches Pan-African Investment Banking Arm: Ecobank Capital

Ecobank, the leading Pan-African banking group,officially launched in September 2010, its new capital markets and investment banking arm, Ecobank Capital, at a prestigious African investment conference in New York.

Addressing representatives of the financial media and the investment community at

the launch, Ecobank Group CEO, Arnold Ekpe, said: “The launch of Ecobank Capital

illustrates our commitment to providing our international customer base with the

sophisticated,… Continue

Added by Linda Larbie on October 6, 2010 at 5:04pm — No Comments

UBA Plc Raises N20bn Tier2 Capital

United Bank for Africa, one of Africa’s leading financial services institutions has successfully raised a total of N20billion of Tier 2 capital in the first ever completed Naira denominated instrument in Nigeria. The additional capital is to help UBA further strengthen its capital base, enhance capital adequacy ratio, expand distribution channels and infrastructure and further grow risk assets with a view to enhancing its incomes.

UBA Capital Limited, the investment banking… Continue

Added by Linda Larbie on October 5, 2010 at 2:57pm — No Comments

Statement at the Conclusion of an IMF Staff Mission to Liberia

Trade and commerce in Africa has received a major boost with the introduction of three trade related products; Afritrade, AfriCard and AfriCash by United Bank for Africa (UBA) Plc. These unique products have been designed by UBA to facilitate trade transactions across the continent.

The three products which were launched in Lagos on Wednesday September 29, 2010 will leverage on the growing continental presence of UBA, currently in nineteen African countries.

While… Continue

Added by Linda Larbie on October 1, 2010 at 4:50pm — No Comments

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