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Category archives for: Finance

BoG Governor:  ‘Achieving Sustainable Exchange Rate: Our Options’

Accra, Ghana, April 24, 2019//-This topic is timely—coming at a time that we have successfully emerged out of a sudden bout of volatility in the exchange rate, which generated a lot of debate domestically and also externally. Advertisements


Founders Factory Africa, Standard Bank Invest in the First Five African Fintech Startups  

Johannesburg,  South Africa, April 22, 2019//- Founders Factory Africa (FFA) announced the selection and investment into their first five fintech startup businesses in Africa.

Ecobank’s Debut $450 Million Eurobond Oversubscribed

 Lome, Togo, April 18, 2019//-Ecobank Transnational Incorporated (ETI), the Lomé-based parent company of the Ecobank Group, has successfully raised $450 million in its debut Eurobond which was oversubscribed.

3 Egyptian Companies Team Up to Launch Mortgage Finance Firm

Cairo, Egypt, April 17, 2019// — Three of Egypt’s leading publicly traded companies announced today they have entered into an agreement to create a mortgage finance joint venture serving Egypt’s large, growing population of homebuyers.

Women Can Change Face of Africa With Enough Access to Finance

Marrakesh, Morocco, April 17, 2019/-Access to finance by women in Africa is critical if the continent is to attain the sustainable development goals (SDGs), Economic Commission for Africa’s (ECA) Deputy Executive Secretary, Giovanie Biha said.

‘Addison the Leviathan’; Sanitizing Ghana’s Banking Industry- Part 2

Accra, Ghana, April 16, 2019//-Ghana’s banking sector is not out of the woods yet. The Central Bank has hinted of sanitizing the Savings and Loans, Rural Banks and Microfinance institutions sector after two years of reforming the universal banking sector.

Islamic Dev’t Bank Contributes $7Bn Towards Dev’t Financing

Marrakesh, Morocco, April 13, 2019/-The President of the Islamic Development Bank Group (IsDBG), Dr Bandar Hajjar, has disclosed that three development financing members of the Group (IsDB, ICD and ITFC) all together approved a total of $7 billion on 313 development financing operations in 2018.

TEF Hosts European Commission, Leading DFIs and Think Tanks in Brussels

April 11, 2019//-At a time when Europe’s relationship with Africa is high on foreign policy and developmental agendas and with the European Union beginning to deliver on its 2017 External Investment Plan, targeted at attracting investment and job creation in Africa, the Tony Elumelu Foundation brought together leading stakeholders in the development finance sector, at […]

President of World Bank Group Named

Washington, USA, April 8, 2019// – The Executive Directors of the World Bank today unanimously selected David R. Malpass as President of the World Bank Group for a five-year term effective Tuesday, April 9, 2019.

Bank of Ghana Introduces Upgraded Banknotes Into Circulation

Accra, Ghana, April 8, 2019//-The Bank of Ghana today announced that it would issue upgraded banknotes into circulation on May 6, 2019.

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