The Common Market for Eastern and Southern Africa (COMESA) approved more than US$1bn in mergers in nine member states last year
Banking & Finance
Standard Bank to use Watson technology for South Africa’s banking sector
Standard Bank of South Africa has announced its partnership with IT services provider IBM to implement the latter’s Watson technology for banking solutions in South Africa
WesBank to offer vehicle finance in Nigeria
WesBank, a division of South Africa’s FirstRand, has signed a memorandum of understanding (MoU) with the National Automotive Council (NAC) to offer vehicle finance in Nigeria
India lends fifth line of credit to Gambia for US$45mn
India’s Export Import (EXIM) Bank extended two lines of credit (LOC) worth US$45mn to the government of Gambia for expansion projects at the Banjul Port
AfDB to provide US$1.2mn credit to Benin-based microfinance institution
The African Development Bank Group (AFDB) has approved a US$1.2mn line of credit (LoC) to a Benin-based microfinance organisation