Category archives for: Finance

Ecobank’s Research: Francophone West Africa Leads in Intra-regional Trade

Lome, Togo, March 5, 2018// — Francophone West Africa leads in intra-regional trade with trade hotspots around Dakar, Abidjan, Cotonou and Lomé, according to analysis by Ecobank’s research team in its new website, AfricaFICC.

Digital Security Leader Enhances Angola’s Domestic Payment Systems

Johannesburg, South Africa, March 5, 2018//- Gemalto, the world leader in digital security, is supplying EMIS (Empresa Interbaricária de Serviços), Angola’s domestic payments processor, with a PURE white label payment solution that will enable swift migration to the enhanced security of the EMV ‘Chip and PIN’ standard.

China Dev’t Bank, UBA Sign $100 Million Loan Deal to Support SMEs in Africa

Lagos, Nigeria, March 1, 2018//-United Bank for Africa (UBA) Plc, a pan-African banking group and China Development Bank (CDB), the world’s largest development finance institution, have announced the signing of a letter of intent for  $100 million seven-year to finance the development of small and medium enterprises (SMEs) in Africa.

Orabank Selects CR2 to Enable Digital Banking Suite in 12 African Countries

February 27, 2018, Dubai, UAE, & Lomé, Togo – ORAGROUP, the holding company of the African banking group ORABANK, and CR2, a global banking software vendor, today announced that ORABANK has selected CR2’s BankWorld digital banking platform.

Ghana: 20 Forex Bureaux Robbed Just in Two Months

Accra, February 27, 2018//-The Ghana Association of Forex Bureaux says its members are living in constant fear following incessant armed robbery attacks on them in Accra and Tema.

Nigeria’s External Reserves Hit $12.5Billion In A Year

Lagos, Nigeria, February 26, 2018//-Nigeria’s external reserves attained its highest height in four years on Tuesday when it recorded $41.773 billion just as it has gained $12.491 billion or 42.65 per cent in the last one year.

Chart of the Week: China’s Thrift, and What to Do About It

February 26, 2018//-What makes China’s citizens so thrifty, and why does that matter for China and the rest of the world? The country’s saving rate, at 46 percent of GDP, is among the world’s highest. Households account for about half of savings, with corporations and the government making up the rest.

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.

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