Category archives for: Finance

Shareholders Laud Ecobank’s Return to Profit

Lome, Togo, April 25, 2018/ — Ecobank Transnational Incorporated, parent of the Ecobank Group, a leading pan-African bank with operations in 36 countries across the continent, today concluded its 30th Annual General Meeting in Lomé, Togo.

Remittances to Ghana, Other Low-Middle Income Countries Hit $466 Billion

April 25, 2018//-Remittances to low- and middle-income countries including Ghana rebounded to a record level in 2017 after two consecutive years of decline,  World Bank’s latest Migration and Development Brief has revealed.

East African States Step Up Efforts to Stop Banks from Collapsing

April 24, 2018//-East African countries are working to strengthen the financial muscle of banks in an attempt to create stronger institutions, protect depositors’ savings and contain cross-border contagion effects of bank failures.

Briefly…on the Supply-Demand Shock Shaking Up Libor

April 24, 2018//-Since the start of 2018, the London interbank offered rate (or Libor) — the interest-rate benchmark for trillions of dollars of bonds, loans, mortgages and other financial contracts — has jumped to its highest levels since the financial crisis.

Ecobank Calls for Applications for its Fintech Challenge

Lome, Togo, April 23, 2018/ — Ecobank , a leading pan-African banking group, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge.

World Bank Group Shareholders Endorse Transformative Capital Package of $13 Billion

Washington, US, April 23, 2018—The World Bank Group’s shareholders today endorsed an ambitious package of measures that include a $13 billion paid-in capital increase, a series of internal reforms, and a set of policy measures that greatly strengthen the global poverty fighting institution’s ability to scale up resources and deliver on its mission in areas […]

African Union’s Baby Steps to Self-financing

April 21, 2018//-The African Union (AU) is reaping from a 2016 financing model that requires partner states to use 0.2 per cent of their international levy collections to fund its activities.

Is the Financial Sector Safe Enough Yet?

With the release of a new Treasury report, the US House of Representatives may finally stop pushing for a change to the procedure for restructuring failed banks that would amount to a step backward. Yet, to protect the economy from future mega-bank failures, much more work needs to be done. April 20, 2018//-CAMBRIDGE – A […]

SunTrust Bank Nigeria Receives Two ISO Certificates

Lagos, Nigeria, April 19, 2018//- Sun Trust Bank Nigeria has received two international certifications which are in line with the bank’s ethos of securing its systems against cyber threats.

Major Boost for New Dev’t Bank of Nigeria

Luxembourg, April 19, 2018/ — The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country.

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