Banking & Finance

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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AfDB extends funds for Mauritius Commercial Bank

mauritius  Ashok PrabhakaranThe African Development Bank (AfDB) has approved funds worth US$120mn multi-sector line of credit (LOC) and US$30mn subordinated debt to the Mauritius Commercial Bank (MCB)

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Indian bank to open first South African branch

canarabank  SumaVVIndia’s public sector lender Canara Bank has outlined plans to open its first branch in Johannesburg, South Africa, by December 2013 in an attempt to expand its overseas branch network

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Chinese bank invests in African infrastructure development

CDB  tylerriewerChina Development Bank (CDB) has invested at least US$2.4bn in African infrastructure and commercial projects

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World Bank approves funds for Burkina Faso power sector

power Ashwin JohnThe World Bank has approved a US$50mn International Development Association (IDA) credit to support Burkina Faso's efforts to improve electricity supply in the West African nation

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