Finance

African banks transforming operations with Oracle solution

oracle bankingSeveral of Africa’s innovative digital-first banks are turning to Oracle Financial Services’ FLEXCUBE Universal Banking platform to transform their processes and deliver a centralised experience for customers

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ICD and A-eTrade Group sign MoU to boost Africa’s economic transformation

ICD MoUDuring the 33rd Ordinary Session of the Assembly of the Heads of State and Government of the African Union summit, Islamic Corporation for the Development of the Private Sector (ICD) signed an MoU with the A-eTrade Group to advance Africa’s economic transformation under Agenda 2063

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Standard Chartered Bank arranges US$1.46bn to fund Standard Gauge Railway

Standard Chartered CEO Sanjay Rughani with Minister of Finance and Planning Hon. Phillip Mpango02The Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered Tanzania for a US$1.46 billion term loan financing to fund the construction of the Standard Gauge Railway (SGR) project from Dar es Salaam to Makutupora

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AU Summit: Report on Agenda 2063 implementation unveiled

AU agenda reportThe African Development Bank (AfDB), the United Nations (UN) and the African Union (AU) have acknowledged the significant progress made in implementing Agenda 2063 and urged African countries to go further to fast-track economic transformation

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Nigerian Aella raises US$10mn from HQ Financial Group

Aella co foundersNigerian fintech start-up Aella has raised a US$10mn debt financing round from HQ Financial Group (HQF), Singapore-based private company specialising in new material science, semiconductor and blockchain financial investments

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