Banking

November 19, 2019

1

Utibe Uko, Founder, UniQuest Farms & Innovations Centre, Nigeria

Utibe Uko has his mind and eyes set on luring more youth into farming through his enterprise UniQuest Farms & Innovations Centre that besides working in vegetable cultivation, is partnering with young people in Nigeria through Agribusiness Cooperative Development.

He believes Africa’s food security future is pegged on having the youth actively involved in agribusiness. He talked to Africa Business Communities.

Tell"...

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November 19, 2019

2

IFC to co-host Africa CEO Forum 2020, support Africa’s economic growth

IFC, a member of the World Bank Group, announced that it will co-host the AFRICA CEO FORUM 2020, the leading international conference dedicated to supporting private sector-led growth on the continent.

IFC’s support for the event to be held in Abidjan, Côte d’Ivoire, on March 9-10, 2020 underscores its increasing commitment to help Africa’s governments, businesses, and entrepreneurs overcome challenges, create jobs, increase trade, and drive innovation.

IFC"...

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November 19, 2019

3

Standard Bank confident about South Africa’s economic prospects as reforms take hold

Standard Bank’s Corporate and Investment Banking Chief Executive, Kenny Fihla, has expressed optimism about South Africa’s long-term economic trajectory, driven by a reform agenda that casts the country on an accelerating growth path.

Addressing investors and policy makers at the 7th South Africa Tomorrow Investors in New York, Fihla said an improvement in governance, the re-building of institutions, and a more deliberate approach to"...

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November 14, 2019

4

Ecobank signs up to UNEP principles for responsible banking

Ecobank Transnational Incorporated has become an official Signatory to the UN Principles for Responsible Banking: a single framework for a sustainable banking industry developed through an innovative partnership between banks worldwide and United Nations Environment Programme’s Finance Initiative.

The six Principles for Responsible Banking1 align the banking sector with the objectives of the UN Sustainable Development Goals and the 2015 Paris"...

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November 7, 2019

5

Banking sector unveils digital credit platform for SMEs

The Kenya banking sector, under the ambit of the Kenya Bankers Association, has unveiled a credit platform for Small and Medium-sized Enterprises (SMEs). The platform was unveiled at the sector’s inaugural Inua Biashara Day which was held today.

The platform, christened Stawi, is an unsecured digital credit scheme which is meant to improve access to credit for MSMEs, through offering unsecured loans from between KSh30,000 to KSh250,000 with"...

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November 7, 2019

6

Visa introduces suite of security capabilities to help prevent and disrupt payment fraud

Visa has launched a suite of innovative security capabilities to help prevent and disrupt payment fraud in Africa and other global markets. The solutions were launched at at the Visa CEMEA Security Summit 2019 in Barcelona, Spain breaking new ground in cybersecurity and fraud prevention across these markets.

The new payment security services and capabilities help protect the integrity of the payments ecosystem by detecting and disrupting fraud threats"...

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November 6, 2019

7

World Bank launches new Country Partnership Framework for Cabo Verde

The World Bank Group discussed the Country Partnership Framework (CPF) for the Republic of Cabo Verde for the period 2020-2025 to lay out the WBG strategy to accelerate human capital for inclusive service-led growth and to strengthen the environment for a more diversified economy in the archipelago.

Cabo Verde has made a headway in reducing poverty and inequality and improving human development outcomes over the past 20 years. Yet, social exclusion"...

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November 5, 2019

8

Parliament protests govt proposed spending of AfDB cocoa production loan

The Minority in Parliament has revealed that the government has planned to invest $5million out of a $600m-loan meant to raise cocoa production in the country to purchase chocolate for students.

Member of Parliament (MP) for Asunafo South and Ranking Member for Parliament’s Agric committee, Mr. Eric Opoku made the revelation to Kwame Minkah on Power FM’s Dwaboase Monday morning.

He"...

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November 4, 2019

9

Russia-Africa trade doubled since engagement, Afreximbank Chief

Trade between Africa and Russia has doubled in the years since the African Export-Import Bank (Afreximbank) started engaging with the Russian Export Center to promote trade between the two sides, Bank President Prof. Benedict Oramah said.

Prof. Oramah, who was speaking during the opening of the Russia-Africa Economic Forum organised as part of the first-ever Russia-Africa Summit taking place in Sochi, Russian Federation, told the heads of state"...

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November 3, 2019

10

African Development Bank approve $115 billion increase in capital, signals strong support

Governors of the African Development Bank (AfDB) representing shareholders from 80 countries approved a landmark $115 billion increase in capital for the continent’s foremost financial institution.

The capital increase, the largest in the history of the African Development Bank since its establishment in 1964, is a remarkable show of confidence by shareholders.

With"...

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