Banking & Finance

World Bank provides financial boost to Rwandan energy sector

power  Oran ViriyincyThe World Bank has signed a financing agreement with Rwanda worth US$60mn, which will see the global bank help boost the country’s energy rollout programme

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Multilateral development partners pledge African support

Donald Kaberuku, AfDB president. (Image source: AfDB)Leaders of the African Development Bank (AfDB), International Monetary Fund (IMF), World Bank, European Bank for Reconstruction and Development (EBRD), and Inter-American Development Bank (IADB) have pledged their close cooperation to support development

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Ecobank Zambia announces expansion plans

Image source: Ecobank.Ecobank Zambia is set to establish five more branches and increase its number of automated teller machines (ATMs) to 38 as it expands its footprint in the country

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Barclays Bank Africa Group and Absa merge

ABSA Chief Executive, Maria Ramos. (Image source: Barclays Group)Absa is merging with Barclays Bank Africa Group after Absa's minority shareholders voted in favour of the deal

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Fidelity Bank finances Nigerian aluminium can plant

can  Tambako the JaguarNigeria's Fidelity Bank has financed Africa's biggest aluminium can factory Aba Can Manufacturing Plant, which will be completed in a few months and have a production capacity of 1.2bn cans

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