IFC, a member of the World Bank Group, and Ecobank Transnational Incorporated, have announced the launch of a $110 million risk-sharing facility that will increase access to finance for small and medium sized enterprises in fragile and conflict-affected states in West and Central Africa
These difficult environments have exacerbated the challenges faced by small and medium-sized enterprises (SMEs), which represent the backbone of the participating countries’ economies and provide the bulk of employment.
According to latest Temenos white paper “Experience-Driven Banking – A Race Banks Must Win” banks are to stay ahead of a diverse and changing set of challengers
The report lays out the competitive imperative for banks to stay ahead of a diverse and changing set of challengers.
African Internet Exchange Points have recorded a big increase in domestic bandwidth production, as a result of growth in sharing of Google cache, e-government services, local hosting infrastructure and services
According to Packet Clearing House (PCH), Africa’s domestic bandwidth production grew by 145 percent, from 113Gigabits in April last year to 277 Gigabits in April this year.
Reserve Bank Governor has expressed that Africa have made significant progress in integrating their cross-border payment systems
In the past‚ cross-border financial payments in Africa had mostly been facilitated through correspondent banking arrangements with banking partners mostly located in the US or Europe.
The Bourse régionale des valeurs mobilières (BRVM) is to hold a high-level meeting at the London Stock Exchange on 28 April 2015
The regional stock exchange for the eight countries of the West African Economic and Monetary Union has chosen the London Stock Exchange as the venue for the second round of "BRVM Investment Days".
Broadridge Financial Solutions, Inc., have announced an alliance with Afritec , a Maputo-based technology company, to help financial institutions and companies across Mozambique solve business challenges, increase operational efficiency and accelerate growth
The alliance will enable firms to benefit from the powerful combination of Afritec’s local market expertise and Broadridge’s award-winning technology solutions for operational process management and control.
According to Jean-Louis Ekra, President of the African Export-Import Bank (Afreximbank), the biggest impact on Africa’s growth prospects will come from investments in large infrastructure projects
The assessment was based on the huge infrastructure gap that existed on the continent relative to the rest of the world.