Banking & Finance

WeChat to boost Kenya-China trade

6940221629 5d303286f1 zKenya-based bank Family Bank Limited has teamed up with London-based financial technology firm SimbaPay to launch an instant money transfer service from Kenya to China through WeChat, a service that will boost trade between Kenya and China

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EIB pledges US$78mn to four companies in Kenya and East Africa

EIB 1The European Investment Bank (EIB) has announced that it will support four new projects in Kenya and the wider East-African region with loans worth US$78mn

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European Investment Bank supports Afreximbank with US$227mn loan

33823664091 a41cc20c22 zThe European Investment Bank (EIB) has signed a new 15 year US$227mn loan agreement with the African Export-Import Bank (Afreximbank)

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AfDB approves US$40mn investment for AIIF3

16178168010 58b75cb6cc zThe Board of Directors of the African Development Bank (AfDB) has approved an equity investment of US$40mn in Africa Infrastructure Investment Fund (AIIF3)

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Temenos announces fund administration partnership with Curo

5737295175 32f92e68ff zBanking software company Temenos announced a new partnership with Curo Fund Services, South Africa’s third-party administrator, on 14 November 2018

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