The African Development Bank (AfDB) has signed an agreement to provide loans to the Bank of Industry (BOI) and the Nigerian Export-Import Bank (NEXIM) in an attempt to support small- and medium-sized enterprises (SMEs) in Nigeria
Banking & Finance
IITFC grants US$265 million loan to Egyptian oil firm
The International Islamic Trade Finance Corporation (IITFC), a branch of the Islamic Development Bank, has provided funds worth US$265mn to Egyptian General Petroleum Corporation (EGPC)
Standard Chartered Bank Zambia in expansion project
Standard Chartered Bank Zambia is set to invest more than US$2.8mn to expand its footprint in Zambia, according to information obtained from the financial institution
DEG invests in first Ethiopia private equity fund
Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG) has announced a US$10mn investment in Schulze Global Ethiopia Growth and Transformation Fund I
CRB Africa rebrands
Credit Reference Bureau (CRB) Africa has rebranded to TransUnion Corp and launched a new analytic scoring model aimed at improving services for the financial sector