Banking & Finance

Kenya, Uganda and Tanzania launch cross-border payments system for East Africa

kenyan currencyKenya, Uganda and Tanzania have collaboratively launched an integrated real time cross-border payments system for East Africa, aimed at removing bottlenecks to business and bolster intra-regional trade

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Actis energy fund raises US$1.15 billion

Azito summaryPrivate equity firm Actis has raised US$1.15bn through its third energy fund, which will be used for investment in electricity generation and distribution businesses in Latin America, Africa and Asia

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Ecobank opens first office in Ethiopia

Ecobank gabrielmillairePan-African bank Ecobank Transnational Incorporated (ETI) has set-up its first branch in Ethiopia's capital city Addis Ababa

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ADF’s partial risk guarantee for Lake Turkana project

laketurkana  wfeidenThe first of the African Development Fund’s Partial Risk Guarantees (ADF PRG), the Lake Turkana Transmission Line Delay Partial Risk Guarantee, has been approved for US$27mn

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Econet Wireless Zimbabwe launches Steward Bank

Harare Zimbabwe Martin AddisonEconet Wireless Zimbabwe has a launched a new bank following its acquisition of TN Bank in January 2013, according to TN Bank CEO Kwanele Ngwenya

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