Ecobank Zambia is set to establish five more branches and increase its number of automated teller machines (ATMs) to 38 as it expands its footprint in the country
Banking & Finance
AfDB grants loans to boost Nigerian SMEs
AfBD will provide loans worth US$500mn for BOI and US$200mn for NEXIM. (Image source: Shardayyy/Flickr)
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
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 recently opened its Jacaranda branch in Ndola to enhance its customer service on the Copperbelt. (Image source: Canadian Pacific)
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
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