Banking & Finance

WesBank to offer vehicle finance in Nigeria

WesbankWesBank, a division of South Africa’s FirstRand, has signed a memorandum of understanding (MoU) with the National Automotive Council (NAC) to offer vehicle finance in Nigeria

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India lends fifth line of credit to Gambia for US$45mn

banjulport-photosbyjenn-flickrIndia’s Export Import (EXIM) Bank extended two lines of credit (LOC) worth US$45mn to the government of Gambia for expansion projects at the Banjul Port

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AfDB to provide US$1.2mn credit to Benin-based microfinance institution

microfinance-worldbank-flickrThe African Development Bank Group (AFDB) has approved a US$1.2mn line of credit (LoC) to a Benin-based microfinance organisation

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First non-bank based credit card launches in Nigeria

Central-Bank-Nigeria-chipplaLagos based company 03 Capital Nigeria Limited has rolled out the first non-bank based credit card in Nigeria

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ICICI Bank to open branch in South Africa

icici-ian-flickrIndia's ICICI Bank has plans to open branches in South Africa, after the Reserve Bank of India granted regulatory approval

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