KAYMU AND TIGO CASH PARTNER TO REVOLUTIONIZE ONLINE PAYMENT

July 16, 2014 – The emergence of Kaymu on the African continent has come at a time when e-commerce is gradually getting the deserved recognition it needs. Technology has taken a center stage in the affairs of nations and organizations and is quickly connecting individuals in their everyday transaction.

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Ecobank Named Best Trade Bank in Nigeria by Trade Finance Magazine

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Zimbabwe cancells Capital Bank’s licence

HARARE — The Reserve Bank of Zimbabwe on Thursday announced the cancellation of Capital Bank’s banking licence, sowing fresh doubt into the stability of indigenously-owned banks in the country.

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Islamic Development Bank loans $180 mln for Africa projects

DAKAR, June 3 (Reuters) – The Islamic Development Bank has launched a programme to release $180 million in financing to six African countries for renewable energy projects as part of a broad strategy to deepen its involvement in the region.

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Kenya: StanChart promises more cash for manufacturing sector

Kenya; Standard Chartered Bank (SCB) Kenya Limited intends to increase its lending to the manufacturing sector, especially small and medium sized enterprises (SMEs).

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Export-Import Bank Announces Over $1 Billion Authorized for U.S. Exports to sub-Saharan Africa in First Seven Months of Fiscal Year 2014

WASHINGTON, June 3, 2014 /PRNewswire-USNewswire/ — The Export-Import Bank of the United States (Ex-Im Bank) today announced that the Bank has authorized $1.1 billion to finance U.S. exports to sub-Saharan Africa in the first seven months of fiscal year 2014.

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Nigeria: Union Bank to raise $750m

VENTURES AFRICA – Union Bank, a leading Nigerian bank, has revealed that it would seek shareholders’ approval to raise $750 million in June, funds it says would be used to boost lending to the power, telecom and oil sectors.

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AFRAA Appoints New Director Commercial, Corporate and Industry Affairs

June 2014, Nairobi, Kenya: The African Airlines Association (AFRAA) is pleased to announce the appointment of Dr. Koussai Mrabet as Director Commercial, Corporate and Industry Affairs effective 01 June 2014.

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The African Union Commission and the European Union hold the 9th meeting of the Africa Peace Facility (APF) Joint Coordination Committee

ddis Ababa, 3 June 2014: A two-day meeting of the Joint Coordination Committee (JCC) of the African Peace Facility (APF) started today at the African Union (AU) Headquarters in Addis Ababa. The meeting brings together representatives of the AU Commission, the European Union (EU) and the following Regional Economic Communities/Regional Mechanisms for Conflict Prevention, Management and Resolution (RECs/RMs): the Common Market for East and Southern Africa (COMESA), the Community of Sahelo-Saharan States (CEN-SAD), the East African Community (EAC), the Economic Community of Central African States (ECCAS), the Economic Community of West African States (ECOWAS), the Inter-Governmental Authority on Development (IGAD), the North Africa Regional Capability (NARC) and the Southern African Development Community (SADC).  

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Singapore to boost economic ties with Africa

Third edition of Africa Singapore Business Forum sets the stage for stronger trade and investment flows between both markets

 

JOHANNESBURG, South-Africa, June 4, 2014/  1.         Singapore has emerged the largest investor in Africa among the ASEAN countries, according to the latest United Nations’ World Investment Report 2013. Located strategically in the heart of Southeast Asia, Singapore’s economic ties with Africa have been on the rise. As of end 2012, Singapore’s investments into Africa saw a compound annual growth rate (CAGR) of 11.2% over the previous five years, reaching US$15.9 billion(1). Singapore-Africa trade has also increased, reaching US$11.1 billion in 2013, achieving a strong CAGR of 11.7% since 2009.

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