THE 3rd Annual Islamic Banking Summit Africa (IBSA Djibouti 2014), which opened today at the Djibouti Palace Kempinski, saw more than 200 leaders in the international Islamic banking and finance industry engage in detailed discussions that focused on ‘capturing the Africa opportunity in Islamic finance’.
MOODY’S Investors Service, a United States-based leading provider of credit ratings, research, and risk analysis has downgraded Mauritius Commercial Bank Ltd’s long-term and short-term deposit ratings to Baa3/Prime-3 from Baa1/Prime-2.
THE Nigerian Stock Exchange ( NSE) has received a unanimous vote for admission as a full member in the World Federation of Exchanges (WFE), the global trade association for the operators of regulated securities exchanges.
ECOBANK Ghana has unveiled its dedicated Premier Banking service, which is targeted at the bank’s high net worth customers.
THE Sustainable Stock Exchanges (SSE) initiative hosted its fourth and largest Global Dialogue at the Palais des Nations in Geneva on 14 October during the UNCTAD World Investment Forum.
THE Managing Director of the Agricultural Development Bank (ADB), Stephen Kpordzih has assured Ghanaians that the bank is being prepared adequately to go through its Initial Public Offering (IPO) process next year, insisting that the end result will be very beneficial to the country and its customers.
Ghana secured $2.9 billion worth of bids in Eurobonds issue from foreign investors, but held on to only one billion dollars.
FirstRand , South Africa’s largest bank by earnings and market capitalisation, hopes to set up a fully fledged bank in Ghana early next year and has R10.2bn in surplus capital to invest in its growing operations in countries such as Mozambique, Nigeria, Zambia and India.
Barring any last minute hitches the Bank of Ghana (BoG) will finally offload its shares in the Agricultural Development Bank (ADB) by the end of this year.
The Securities and Exchange Commission (SEC) says it has restarted talks with Ghana’s Volta River Authority (VRA) to raise funds for its on-going and future projects on the capital market.
