Banking & Finance

European Investment Bank approves US$18.9bn for COVID-19 relief and economic resilience

Chuckcars flickrThe European Investment Bank (EIB) has approved US$18.9bn for projects across Europe, Africa, Asia and Latin America

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Crown Agents Bank and Paycode pair up to better serve African unbanked

credit card 1730085 1920Crown Agents Bank is collaborating with Biometric payments specialist Paycode of South Africa to serve unbanked communities across sub-Saharan Africa

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IFC invests in Nigeria’s Zenith Bank to support SMEs

nigeria banking sector 17 JuneIFC, a member of the World Bank Group, has announced an investment of up to US$100mn in Nigeria’s Zenith Bank Plc to help it increase support to clients and companies whose cash flows have been disrupted by challenges caused by the COVID-19 pandemic

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Banking sector urged to go digital to build sustainable growth post COVID-19

Liao YongBankers from sub-Saharan Africa and China who attended the Huawei sub-Saharan Africa Financial Services Industry Online Summit 2020 agree that digitisation of the sector will give it resilience against the current COVID-19 pandemic and enable sustained growth in the post COVID era

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Central Bank of Nigeria resumes sale of foreign exchange

Nigeria banks 7 MayThe Central Bank of Nigeria (CBN) has commenced the sale of foreign exchange totalling more than US$100mn through the commercial for school fees payments and for small and medium size companies wishing SMEs to make essential imports to revamp economic activities

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