Category archives for: Finance

IFC Invests $2.5 million in New Crystal to Bring Affordable Healthcare to Ghanaians

Accra, Ghana, April 2, 2020 – IFC, a member of the World Bank Group announced a $2.5 million investment in New Crystal to support the expansion of the private healthcare group, which provides high-quality medical services to lower-middle-income and low-income patients and families in and around Ghana’s capital, Accra.

UBA Ghana Supports Coronavirus Fight with $350,000

Accra, Ghana, March 27, 2020//-Ghana’s Chief of Staff at the Office of the President, Frema Akosua Osei Opare has commended the United Bank for Africa (UBA) for donating a total amount of US$350,000 (GHS1,925,000) to the Government of Ghana to support the fight against the novel Coronavirus pandemic that has rocked the world.

UBA Announces $14 Million To COVID-19 Relief Support Across Africa

Lagos, Nigeria, March 26, 2020 – United Bank for Africa Plc (UBA) today announced a donation of over (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus (COVID-19) global pandemic.

World’s Five Largest Banks See Investment Banking Revenue Slide to $26.1bn

  March 25, 2020//-Trade tensions, slow growth, and low-interest rates all left their mark on the world’s largest banks last year, affecting the investment banking revenue they racked up.

Global Financial Markets to Use China’s Recovery as a Critical Gauge

March 23, 2020//-Global financial markets will use China’s recovery as a sentiment tracker, affirms the CEO of one of the world’s largest independent financial advisory and services organisations.

COVID-19 Concerns: Bank of Ghana Reduces Policy Rate to 14.5 %

Accra, Ghana, March 18, 2020//-The Monetary Policy Committee (MPC) of Bank of Ghana today lowered its policy rate to 14.5 percent from 16% on the account of coronavirus (COVID-19) pandemic which is causing human and economic troubles across the world.

AgriPay Brings Digital Banking to Thousands of Zambian Farmers

Lusaka, Zambia, March 13, 2020/ — The average rural farmer in Zambia lives several kilometres away from their nearest neighbour and even further away from the nearest settlement where shops, agro-dealers and other services, such as agency banking and mobile money booths, would be located.

Monetary and Financial Stability During the Coronavirus Outbreak

March 12, 2020//-The global spread of the coronavirus is a human tragedy unfolding across the world. Quantifying the economic impact is complex, giving rise to significant uncertainty about the economic outlook and the associated downside risks.

EIB Study: Real GDP Growth in Africa Resilient Despite Global Uncertainty

March 7, 2020//-The European Investment Bank (EID) has disclosed that real GDP growth in Africa is resilient despite global uncertainty.

Mintos Marketplace Reaches €5 Billion in Loans Funded

March 7, 2020//- Mintos, a global marketplace for investing in loans, has reached a milestone of €5 billion invested in loans, reflecting the growing demand in the alternative investments market.

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