Banking & Finance

India lends fifth line of credit to Gambia for US$45mn

banjulport-photosbyjenn-flickrIndia’s Export Import (EXIM) Bank extended two lines of credit (LOC) worth US$45mn to the government of Gambia for expansion projects at the Banjul Port

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AfDB to provide US$1.2mn credit to Benin-based microfinance institution

microfinance-worldbank-flickrThe African Development Bank Group (AFDB) has approved a US$1.2mn line of credit (LoC) to a Benin-based microfinance organisation

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First non-bank based credit card launches in Nigeria

Central-Bank-Nigeria-chipplaLagos based company 03 Capital Nigeria Limited has rolled out the first non-bank based credit card in Nigeria

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ICICI Bank to open branch in South Africa

icici-ian-flickrIndia's ICICI Bank has plans to open branches in South Africa, after the Reserve Bank of India granted regulatory approval

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Sage Pastel to help Nigerian businesses follow international financial standards

ifrs iicd flickrInternational accounting firm Sage Pastel's new product range enables small and medium sized enterprises (SMEs) in Nigeria to comply with the International Financial Reporting Standards (IFRS)

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