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Finance

Bank of Industry to Raise $3bn to Boost SME Lending in Nigeria

By Footprint to AfricaJune 27, 2017

Nigeria’s Banks of Industry has revealed that it is seeking to raise N1 trillion ($3.1 billion) over the next two years to grow cheap lending to…

Finance

VoguePay eyes African Market with Its Payment Processing Service

By Footprint to AfricaJune 26, 2017

African online payment service VoguePay has revealed plans to capture the African market as it seeks to diversify its operations beyond the Nigerian market. VoguePay is…

Finance

Kenya Joins Africa Finance Corporation

By Milly W. MainaJune 23, 2017

Kenya becomes the 15th and third East African country after Uganda and Rwanda to join Africa Finance Corporation (AFC), the pan-African international investment grade multilateral finance…

Finance

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Atlas Industries Receives Go Ahead to Exit Ethiopian Glass-Making Business

By Footprint to AfricaJune 23, 2017

Publicly-traded Atlas Industries has received approval from its shareholders to sell off its shares in TEAP Glass PLC, an Ethiopian glass-making firm. Following a resolution on…

Finance

Kenya Re Invests $1.8m in Zambian Subsidiary, Eyes Southern Africa Insurance Market

By Footprint to AfricaJune 21, 2017

Foremost Kenyan reinsurer, Kenya Re has invested Sh187.7 million ($1.8 million) towards establishing its new Zambian subsidiary, Kenya Reinsurance Corporation Zambia, as it eyes a share…

Finance

MasterCard to Support Development of Financial Products for Rural Africa

By Milly W. MainaJune 21, 2017

The MasterCard Foundation Fund for Rural Prosperity (FRP) has committed to supporting providers of innovative and scalable financial products and services that improve the lives of…

Finance

No Official Bid from KCB for Troubled National Bank of Kenya

By Footprint to AfricaJune 20, 2017

Kenyan market regulators, The Capital Markets Authority (CMA), has refuted claims that an official bid had been received from the KCB Group for a 70percent stake in troubled in the…

Finance

Nigeria Raises $300m from First Ever Diaspora Bond

By Footprint to AfricaJune 20, 2017

Nigeria’s first ever Diaspora Bond was launched on Monday and was considered a resounding success after raising $300 million. The Bond has a five-year tenure and…

Finance

PostBank of Uganda, IFAD to Leverage Postal Networks in Scaling Up Local Remittances

By Ifeoma EkekeJune 20, 2017

The International Fund for Agricultural Development (IFAD), Postbank of Uganda (PBU) and Posta Uganda on Thursday, has signed a grant agreement of Euro 465,000, aimed at…

Finance

Angola: State Budget Records Deficit of More than US$2.7B‎ in 2015- Report

By Ifeoma EkekeJune 16, 2017

According to a report, considered and approved by Economy and Finance Commissions of the Constitutional and Legal Matters of the National Assembly, Angola’s 2015 General State…

Browsing: Finance

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