Banking & Finance

BOAD to receive financial and technical assistance from BADEA

ChristianAdovelandeThe Arab Bank for Economic Development in Africa (BADEA) has agreed to provide financial assistance to the West African Development Bank (BOAD) to the tune of US$20mn

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Botswana’s top three banks record profit increase

Botswanas top three banks record profit increaseThe biggest three banks in Botswana have recorded an overall rise in their non-interest incomes

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Atlas Mara likely to invest US$22.5mn in Rwandan bank

bobdiamondbarclays-WEF-flickrAfrican bank Atlas Mara is in talks to invest US$22.5mn in Banque Populaire du Rwanda (BPR) and merge it with BRD Commercial Bank

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‘Renew and new’ way forward for banks in Africa

Micheal-RehThe continent’s growing opportunities mean an increased focus on banking modernisation and ‘Renew and new’ is the way forward for banks and Finacle is at the centre of this strategy, says global head Michael Reh

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Angolan wealth fund to provide US$1.4bn to support different economic sectors

miningAngola-pixabayAngola's sovereign wealth fund Fundo Soberano de Angola (FSDEA) has allocated US$1.4bn to five new investment funds focused on the growth of various sectors of the Central African nation's economy

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