Banking

May 23, 2019

1

Mastercard expands digital identity commitment with Samsung Electronics

Mastercard today announced that it will collaborate with Samsung to explore and deliver a better way for people to conveniently and securely verify their digital identity on the mobile devices they use every day.

People today are juggling multiple passwords and documents in an attempt to keep their identifying data and money safe. They have to repeatedly provide large amounts of personal information to numerous agents, and the more it is shared,"...

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May 22, 2019

2

African Development Bank's Sustainable Energy Fund approves $995,000 grant to spur renewable investments

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank has approved a $995,000 grant to support the roll out of a sustainable procurement framework for Independent Power Producers (IPPs) in Ethiopia.

The SEFA grant will encourage private investments into hydropower projects through Ethiopia's Renewable Energy Programme.

It will strengthen"...

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May 21, 2019

3

Five Kenyan banks to launch mobile lending app that gives SMEs access to credit

The Central Bank of Kenya said five Kenyan banks have launched a lending service via mobile phone aimed at getting credit through to the Small and Medium-sized (SMEs) businesses.

Since the government capped commercial lending rates at four percentage points above the central bank rate in September 2016, private sector credit growth has been sluggish.

Lawmakers supported"...

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May 19, 2019

4

As Central Bank Moves to Finance Creativity

It’s a new dawn for the creative industry as the Central Bank of Nigeria makes funds available for creative persons, who genuinely seek financing to grow their businesses under its Creative Industry Funding Initiative, reports Bamidele Famoofo

Just like it did to farmers under its Anchor Borrowers’ Programme (ABP), where rice farmers got cheap capital to boost their production capacities, leading to Nigeria becoming one of world’s"...

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May 19, 2019

5

Ecobank Nigeria offers residents of Lagos cash for used PET bottles

Ecobank Nigeria, which is marking its sustainability week, asked residents of Lagos State to submit used plastic materials including soft drink and water bottles amongst others to its head office on Victoria Island, Lagos, in exchange for cash.

The bank said the idea was to remove non-biodegradable materials from the environment to encourage a healthy and safe living.

Ecobank"...

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May 16, 2019

6

-London Stock Exchange Welcomes Finablr PLC to the Main Market-

London Stock Exchange today welcomes Finablr PLC (“Finablr”), a global payments and foreign exchange company, to open London’s markets for trading and to celebrate the listing of the Company’s shares on the Premium Segment of the Main Market of London Stock Exchange.

Finablr is a global platform for Payments and Foreign Exchange solutions underpinned by modern proprietary technology. With deep regulatory know-how, a relentless"...

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May 14, 2019

7

W’Bank’s Study Confirms Marketability of Nigeria’s Flare Gas Plan

The Programme Manager for the Nigeria Gas Flare Commercialisation Programme (NGFCP), Mr. Justice Derefaka, has disclosed that a market analysis carried on the NGFCP by the International Finance Corporation (IFC) of the World Bank showed that the programme will be profitable if implemented on certain premises.

Derefaka, explained in a recent presentation he made at the third edition of the ‘lawyers in oil and gas conference,’ in Lagos,"...

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May 8, 2019

8

Accelerated natural resource degradation puts Tanzania’s development goals at risk, World Bank report

Natural resources form a core pillar of Tanzania’s economy and play a pivotal role in sustaining the livelihoods of its citizens, however a new World Bank report warns that the country has only a rapidly shrinking opportunity to harness these endowments against serious risks posed by rapid population growth, economic growth, increasing urbanization, and climate variability and change.

“The impacts of these factors are intensifying and"...

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May 6, 2019

9

Nedbank create jobs for South African youth new employment initiative

“This is an opportunity that I’m hoping will take me far,” says Lebogang Sothoane.

Sothoane is among the 3 315 young people, who on Thursday were inducted into Nedbank’s workforce through the Youth Employment Service (YES) initiative.

This brought an end to the 27-year-old’s four-year journey to find employment.

Completing"...

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May 2, 2019

10

World Bank approves $250 million to enhance access to affordable housing finance for Kenyans

The World Bank today approved a $250 million International Bank for Reconstruction and Development (IBRD) loan to enhance access to affordable housing finance for Kenyans.

The project will be implemented through KMRC, the National Treasury and the Ministry of Lands and Physical Planning and will support Kenyans who are unable to access long-term housing finance.

The Kenya"...

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