QNB acquires an additional 11.0% stake in Ecobank

QNB

QNB, “One of the World’s Strongest Banks” has today announced the acquisition of an additional holding of 11.0%* (2,047,877,260 ordinary shares) in Ecobank Transnational Incorporated (Ecobank). QNB Group’s total stake in Ecobank is now 23.5%*.

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Infrastructure spending to more than double to $9 trillion annually by 2025

JOHANNESBURG, South-Africa, August 7, 2014/ – Global capital project and infrastructure spending is expected to grow to more than $9 trillion annually by 2025, up from $4 trillion in 2012, according to a new report issued by PwC (http://www.pwc.com), ‘Capital project and infrastructure spending: Outlook to 2025’.

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Investment environment key to closing Africa’s energy gap, says Standard Bank

Standard Bank

Standard Bank and General Electric today reaffirmed their commitment to Africa at a power financing roundtable held in Washington DC

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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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