Finance

Blockbank announces major banking partner during ICO

token 14Blockbank has purchased stake in Spire bank and declared strategic FinTech partnership, as a means to provide international Crypto banking services

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Sugar tariffs to provide relief against imports in South Africa

Sugar 12The recently endorsed International Trade and Administration Commission (ITAC) recommendation to adjust the sugar and increase import duty of US$680 per tonne will provide the immediate relief required by the industry and protection against the surge of imports, said Ncumisa Mcata-Mhlauli, chief director for agro-processing at the Department of Trade and Industry (the dti)

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Orange invests in South African payment service Yoco

payment 12Orange Digital Ventures Africa, the Orange Group’s venture capital investment fund for Africa, has made a second investment in one of the continent’s most promising fintech companies, the South African Yoco

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ITFC signs two financing agreements to support Egypt’s main sectors

itfc 12The International Islamic Trade Finance Corporation (ITFC) has signed two new agreements with the Egyptian General Petroleum Corporation (EGPC) and the General Authority for Supply Commodities (GASC) initiating the utilisation of the fifth framework agreement

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Congo’s RAWBANK signs the China-Africa Inter Bank Association establishment agreement

RAWBANKAbout 16 African banks including RAWBANK, the first banking institution in the Democratic Republic of Congo (DRC), and China Development Bank (CDB) signed an agreement for the establishment of the China-Africa Inter Bank Association in Beijing (CAIBA)

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