Category archives for: Finance

African Tech Start-ups Raised $560M in Venture Capital Funding

Latest analysis released by Partech Ventures,  a leading venture capital firm specializing in information and communication technologies, has revealed that Venture Capital (VC) funding  raised by African tech start-ups in 2017 totaled US$ 560 million, compared to US$ 366.8 Million in 2016.

The Euro Area Needs a Fiscal Union

The euro area is experiencing a robust recovery, but the architecture supporting Europe’s currency union remains incomplete and leaves the region vulnerable to future financial crises.

UBA Sierra Leone Opens More Branches

Freetown, Sierra Leone, February 22, 2018//-Managing Director and Chief Executive Officer (CEO) of UBA Sierra Leone, Chinedu Obeta, has noted that their vision is to be the undisputed, leading and dominant financial service institution in Africa.

GCB Bank Unveils  Golden Eagle Ambassadors

Accra, February 22, 2018//-GCB Bank Limited has unveiled  200 of its employees as a “Golden Eagle Ambassadors,” with the task of spearheading business development at the various branches of the bank.

Can Single Currency for the West African Sub-region be Achieved?

Accra, Ghana, February 21, 2018//- In spite of several years of preparations and debates, conferences and consultations, West African countries are still far from actualizing the dream of a single currency, popularly known as the Eco, for the sub-region.

European Investment Bank to Give 69 Million Euros to Rwanda

Kigali, Rwanda, February 19, 2018/ — The European Investment Bank (EIB) is expected to announce EUR 69 million of new infrastructure and private sector investment in Rwanda at a high-level visit to the East African country later this week.

EBRD Issues Financial Package to Tunisia’s Bank

February 19, 2018//-The European Bank for Reconstruction and Development  (EBRD) is providing a comprehensive financial package to Union Bancaire pour le Commerce et l’Industrie (UBCI), a commercial bank in Tunisia, to support the expansion of the local economy.

Tony Elumelu Named Among Top 50 Most Influential Nigerians

February 16, 2018//-The board of editors at BusinessDay have released a list of top 50 most influential Nigerians in the year 2017 with the Chairman of Heirs Holdings and Founder of The Tony Elumelu Foundation, Tony O. Elumelu CON, on the list. Other business and political leaders that made the cut include the President Muhammadu […]

Renaissance Capital Advises African Banks on Home Investments 

February 13, 2018//-Renaissance Capital, a leading emerging and frontier markets investment bank, has advised African banks to focus on their home market and getting it right.

Prez Akufo-Addo Appoints 2nd Deputy Governor of Bank of Ghana

The President of Ghana, Nana Addo Dankwa Akufo-Addo, has appointed Mrs Elsie Awadzi as the 2nd Deputy Governor of the Bank of Ghana. The appointment is, however, subject to consultation with the Council of State.

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