The Board of Directors of the African Development Bank (AfDB) Group has approved a US$150mn line of credit to Afreximbank. This line of credit will be used to finance trade and trade-related projects across the participating states of Afreximbank in Africa.
p>The Board of Directors of the African Development Bank (AfDB) Group has approved a US$150mn line of credit to Afreximbank. This line of credit will be used to finance trade and trade-related projects across the participating states of Afreximbank in Africa.Banking & Finance
Brazilian and Portuguese banks sign agreement to plan expansion in Africa
Brazils Financial Minister Guido Mantega have announced that the state-controlled Banco do Brasil and private-sector Banco Bradesco have signed a memorandum of understanding with the Portuguese bank Banco Espírito Santo (BES) to create a new company to expand their business in Africa.
p>Brazils Financial Minister Guido Mantega have announced that the state-controlled Banco do Brasil and private-sector Banco Bradesco have signed a memorandum of understanding with the Portuguese bank Banco Espírito Santo (BES) to create a new company to expand their business in Africa.Acknowledgement for investment bank
Standard Bank IBTC has been named as Best Investment Bank in Nigeria in the Euromoney Awards for Excellence 2010. Standard Bank Group was also named as Best Investment Bank in Africa and Best Bank in South Africa by Euromoney.
p>Standard Bank IBTC has been named as Best Investment Bank in Nigeria in the Euromoney Awards for Excellence 2010. Standard Bank Group was also named as Best Investment Bank in Africa and Best Bank in South Africa by Euromoney.Trade finance programme acknowledged
The African Development Bank (AfDB) has received the “Highly Commended” prize for the Best Development Finance Institution (DFI) in Africa at the Trade Finance Magazine 2010 Awards for Excellence.
p>The African Development Bank (AfDB) has received the “Highly Commended” prize for the Best Development Finance Institution (DFI) in Africa at the Trade Finance Magazine 2010 Awards for Excellence.SA banks to use fingerprint verification
The South African Banking Risk Information Centre (Sabric) has entered into a partnership with the Department of Home Affairs that will allow banks in South Africa to conduct online fingerprint verification of bank clients.
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