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Finance

MTN Ghana Pays $56m as Interest to Mobile Money Subscribers

By Thomas MooreAugust 20, 2017

MTN Ghana says it has made payments of over GH25 million ($56 million) in interest to about 7.8 million Mobile Money customers for the first half…

Finance

A man walks past a signage decoration for the BRICS summit outside Sheraton Hotel, the venue for the third BRICS summit in Sanya, Hainan province April 14, 2011. REUTERS/Jason Lee/Files

BRICS Bank Approve $1.5bn Loan for Infrastructure Projects in South Africa

By Thomas MooreAugust 18, 2017

The New Development Bank (NDB) set up by Brazil, Russia, India, China and South Africa (BRICS), a group of emerging economies plans to lend $1.5 billion…

Finance

Alexander Forbes East Africa Is Now Zamara

By Milly W. MainaAugust 16, 2017

Following ownership changes, Alexander Forbes East Africa Limited has rebranded to Zamara. Alexander Forbes Group of South Africa has reduced its stake in the Kenya-based regional…

Finance

Zenith Bank Deputy MD Grows Personal Stake in Bank by 77%

By Ifeoma EkekeAugust 16, 2017

Zenith Bank Plc has revealed that its Deputy Managing Director (DMD), Mr. Ebenezer Onyeagwu increased the number of shares he owns in the company by 77…

Finance

July: Africa Top 10 Investment and Economic Stories

By kishorAugust 16, 2017

African Agriculture to Gets $24 Billion in 10 Years Akinwumi Adesina (President AfDB) has announced that for the next 10 years, The African Development Bank is…

Finance

Africa50 Appoints New Head of Investor Relations

By Milly W. MainaAugust 16, 2017

Rupali Gupta has been appointed the Head of Investor Relations at Africa50. Africa50 is a pan-African infrastructure investment platform that mobilizes long-term savings from within Africa…

Finance

Nigeria: Lagos Raises N85bn Bond to Fund Developmental Projects

By Ifeoma EkekeAugust 16, 2017

Lagos State has raised N85.14 billion ($271 million) in seven and 10-year bonds to fund infrastructure and environmental projects, its Commissioner for Finance, Akinyemi Ashade has…

Finance

Kenya: National Bank Partners WorldRemit to Offer Instant International Money Transfers

By Milly W. MainaAugust 15, 2017

The National Bank of Kenya (NBK) and digital money transfer service WorldRemit have launched a partnership to enable the Kenyan Diaspora to make instant cash transfers…

Finance

A worker is seen at the headquarters office of Beltone Financial in Cairo, Egypt, October 26, 2015. REUTERS/Amr Abdallah Dalsh

Egypt’s Beltone Financial to launch $1bn Fund

By Footprint to AfricaAugust 14, 2017

Egypt’s Beltone Financial will launch a $1 billion investment fund in fixed income instruments in September, its chief executive officer told Reuters on Monday. The investment…

Finance

TerraPay Launches International Money Transfers to Mobile Wallets in Uganda

By Milly W. MainaAugust 14, 2017

The Bank of Uganda has licensed TerraPay to launch international money transfer services from its network partners across the world directly to mobile wallets in the…

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