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Banking & Finance

Ecobank has announced it has opened a new office in Ethiopias capital city, Addis Ababa. (Image source: gabrielmillaire)

Pan-African bank Ecobank Transnational Incorporated (ETI) has set-up its first branch in Ethiopias capital city Addis Ababa

The Lake Turkana Transmission Line Delay Partial Risk Guarantee will be used to alleviate the risk for the construction of a 428km publicly owned transmission line between Loyangalani and Suswa. (Image source: wfeiden/Flickr)

The 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

Branches of Steward Bank will soon become a common site in Zimbabwe capital Harare. (Image source: Martin Addison)

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

The AfDB financing will allow MCB to increase its foreign currency lending to medium- and large-sized enterprises operating in Mauritius. (Image source: Ashok Prabhakaran/Flickr)

The 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)

Canara Bank headquarters in Bangalore, India. (Image source: SumaVV/Flickr)

India’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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