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Tag: Bank

Ecobank to Buy Investment Bank, Venture Into Oil, Gas Deals

AFRICANGLOBE - Ecobank Kenya is taking steps to purchase an undisclosed Kenyan investment bank as part of plans to facilitate Ecobank involvement in oil, gas and...

Roads and Power Projects East Africa’s Pride

AFRICANGLOBE - The inauguration of Athi River-Namanga (Kenya) through Namanga to Arusha in Tanzania this past week graced by Tanzania's President Dr Jakaya Mrisho...

Nigeria Records U.S.$35.44 Billion Forex Inflow

AFRICANGLOBE - The Central Bank of Nigeria (CBN) has disclosed that a total forex inflow of $35.44 billion was realised by the country as...

Congo Rebels Loot Central Bank in Goma

Congo rebels have looted the central bank in Goma after refusing to withdraw from the city they captured last week.M23 fighters surrounded the bank early...

IMF Approves $110.5m For Kenya, Based On Solid Economic Performance

The International Monetary Fund (IMF) has approved the dispersal of $ 110.5 million to Kenya, following a positive review of the country’s economic climate.The...

Rwanda Ranked Third Easiest Country to Do Business

Rwanda remains the third easiest place to do business in Africa, after Mauritius and South Africa, a new World Bank Doing Business Report shows.The...

Will Africa Ever Benefit From its Natural Resources?

Whether Africa will ever benefit from its natural resources is a question that is more relevant now than ever, as new discoveries of coal,...

Bank Set to Pour Investment Into Africa

Standard Chartered is looking to consolidate its emerging markets dominance by pouring $100m into Africa by 2015. The London-headquartered bank says it can double...

Africa’s Mineral Wealth Hardly Denting Poverty Says World Bank

Strong economic growth in the past decade among African countries rich in oil and minerals has failed to make a significant dent on their...

China Calculates its Interest in Africa

At the 19-20 July Forum on China-Africa Cooperation in Beijing, the Chinese government pledged $20bn in new loans over the next three-year period.The government...

Africa: Decline of the Dollar

African countries are cracking down on the use of foreign currencies in domestic transactions, putting a squeeze on some investorsIn many African countries, where...

Africa a Top Priority Says World Bank

Africa is top priority for the World Bank, the group's new president Jim Yong Kim said in Tshwane on Thursday."I've worked in Africa. Africa...

World Bank Warns Rwanda On Economic Growth

The World Bank has warned that Rwanda's economic growth could be hurt by external risks like low commodity and mineral prices; and the Euro...

U.S. Bank Provide Billions for American Investors in Nigeria

The Export-Import (EXIM) Bank of the United States has provided $1.5 billion (N234 billion) as loans for American business group interested in investing in...

Nigeria Remains Attractive to Investors

Ms. Marie Francoise Marie-Nelly country director for the World Bank, said yesterday in Abuja that despite the current infrastructure challenges facing Nigeria, the country...

Economist: Africa Growing, Political Risks Remain

Africa will continue its economic growth into the next year, but faces increasing threats from continued political instability, youth unemployment and the global recession...

Women’s Economic Summit Begins in Nigeria

Creating better opportunities for women is key to Africa's economic development, a Nigerian minister said at the opening of a two-day African women's economic...

Only Africans Can Develop Africa

The founder of the Tony Elumelu Foundation (TEF), Mr. Tony Elumelu, has said that the private sector in Africa countries must be the leading...

An African President of the World Bank Is Not the Solution,...

The hegemony and legitimacy of both the World Bank and International Monetary Fund is too-often nonchalantly presumed. Not only has the World Bank failed...

Ethiopia Can Compete Globally in Light Manufacturing and Spur Economic Growth...

“Light manufacturing can offer a viable path for Ethiopia and other African countries as they transform their economic structure and strive for productive job...

Nigeria Ranks 44th Globally in External Reserves

Nigeria currently ranks 44th position globally in the size of its external reserves, which has been put at US$34.68 billion as at March 8,...

‘Nigeria the Epicenter of Africa’s Economic Growth’

Leading market analysts and industry regulators have described Nigeria's economic growth rate as exceptional, in spite of its huge infrastructure deficit, at a time...