Banking

November 15, 2018

1

Stanbic IBTC launches Africa-China Banking Centre

Stanbic IBTC Bank Plc has commissioned an Africa-China Banking Centre (ACBC) in Lagos. The initiative was designed to offer Nigerian and Chinese clients a business-to-business networking and personal advisory service and also help them to access and unlock opportunities in Nigeria-China trade.

The launch of the Africa-China Banking Centre was another significant step towards improving ease of doing business between Nigeria and China. The opening"...

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November 15, 2018

2

Curo set to migrate 3,000 funds to Temenos platform

Temenos, the banking software company has partnered with Curo Fund Services, South Africa’s largest third party administrator Curo provides investment operations and fund accounting services to life companies, asset managers and multi-managers, and has assets under administration of more than $150bn.

Under this new agreement, Curo will migrate more than 3,000 funds from its five legacy fund accounting platforms to a single instance of Temenos’"...

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November 14, 2018

3

Northern Trust Named Best Private Bank for Family Offices

(AETOS Wire) -- Northern Trust’s Global Family & Private Investment Offices (GFO) group has been named Best Private Bank for Family Offices Globally by Professional Wealth Management and The Banker magazines, publications of the Financial Times Group. This marks the second year in a row that Northern Trust GFO has been recognized as Best Private Bank for Family Offices Globally.

The prestigious"...

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November 13, 2018

4

Afreximbank grants € 30 Million facility to CDC Gabon to support operators at Special Economic Zone

The African Export-Import Bank (Afreximbank) has signed an agreement granting an EUR 30 million revolving trade financing facility to Caisse des Dépôts et Consignations du Gabon (CDC Gabon) to support the operations of the tenants of the Gabon Special Economic Zone and to provide them with the capacity to export their products.

Under the terms of the agreement, the facility will be used to finance the working capital needs of eligible"...

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November 13, 2018

5

Ecobank, Red Cross partner in digital fund raising initiatives across Africa

Ecobank and the International Federation of Red Cross and Red Crescent Societies (IFRC) have signed an agreement to work closely together to empower local communities to cope with disasters more efficiently.

“Many innocent lives continue to be lost in Africa simply as a result of insufficient investment in disaster preparedness. Many of the natural hazards that take place do not need to become major disasters when a population is prepared"...

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November 13, 2018

6

Cameroon hydropower project to increase power generation capacity by 30 per cent

IFC, a member of the World Bank Group, in partnership with the Government of Cameroon, and EDF have signed a set of agreements that will lead to the construction of the Nachtigal hydroelectric plant.

The project is a 420-MW run-of-the-river plant that will increase Cameroon’s power generation capacity by 30 percent. It has benefited from engagement of the World Bank and Multilateral Investment Guarantee Agency (MIGA) and was developed through"...

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November 13, 2018

7

Small is Best in Global Banking - as Universal Banks Fail to Deliver - Lafferty Banking 500

(AETOS Wire)-- Far from being the universal banking giants of Wall Street, London, Frankfurt, Paris, Tokyo or Beijing that typically combine commercial and investment banking activities, the best banks in the world are focused on consumer and business banking. They are also smaller and often younger than the big brands of the banking industry. So says a new study from global banking research firm, Lafferty Group, London.

STAR-RATINGS"...

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November 12, 2018

8

World Bank approves $20m to upgrade Djibouti residential conditions

The World Bank has approved an International Development Association (IDA) package of $20 million to support Djibouti’s efforts to improve the living conditions for residents of urban areas, achieve its Zero Slum strategy.

Funded with a US$20 million from IDA, the World Bank’s fund for the poorest countries, combining credit and grant, the Integrated Slum Upgrading Project will improve access to urban and social services and to better"...

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November 11, 2018

9

TDB, USAID in deal to finance power projects in 22 African countries

The Eastern and Southern African Trade and Development Bank (TDB) and USAID’s Power Africa initiative have signed a memorandum of understanding that will finance power projects in 22 African countries.

The memorandum was signed at African Development Bank’s inaugural Africa Investment Forum, where emphasis on investment is at the core of tens of transactions anticipated to take place.

At"...

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November 11, 2018

10

PCI Pal expands reach into South Africa

PCI Pal, the secure payment solutions provider to contact centres, has signed its first South African reseller contract with telecommunications and customer engagement solutions company, Ninzi-Connect.

The deal will allow Ninzi-Connect to sell PCI Pal’s suite of contact centre card payment security solutions to customers across the continent, ensuring PCI DSS compliance, reducing the risk of security breaches, and future-proofing their operations"...

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