Banking & Finance

Ecobank opens first office in Ethiopia

Ecobank gabrielmillairePan-African bank Ecobank Transnational Incorporated (ETI) has set-up its first branch in Ethiopia's capital city Addis Ababa

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ADF’s partial risk guarantee for Lake Turkana project

laketurkana  wfeidenThe first of the African Development Fund’s Partial Risk Guarantees (ADF PRG), the Lake Turkana Transmission Line Delay Partial Risk Guarantee, has been approved for US$27mn

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Econet Wireless Zimbabwe launches Steward Bank

Harare Zimbabwe Martin AddisonEconet Wireless Zimbabwe has a launched a new bank following its acquisition of TN Bank in January 2013, according to TN Bank CEO Kwanele Ngwenya

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AfDB extends funds for Mauritius Commercial Bank

mauritius  Ashok PrabhakaranThe African Development Bank (AfDB) has approved funds worth US$120mn multi-sector line of credit (LOC) and US$30mn subordinated debt to the Mauritius Commercial Bank (MCB)

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Indian bank to open first South African branch

canarabank  SumaVVIndia’s public sector lender Canara Bank has outlined plans to open its first branch in Johannesburg, South Africa, by December 2013 in an attempt to expand its overseas branch network

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