After decades of stagnation, trade between Africa and the rest of world is finally booming. But it is the fast-growing BRICs (Brazil, India, Russia & China) who are the main drivers of this recent surge, rather than the more developed western nations writes Alistair Cotton, senior analyst at Currencies Direct
Finance
Stanbic Bank Ghana seals US$21 million deal with Fuel Trade Limited
Fuel Trade Limited plan to construct an 80,000 metric tonnes facility for fuel storage tanks. (Image source: Stanbic Bank)
Stanbic Bank Ghana Limited has announced it has signed a US$21mn deal with petroleum products distributor, Fuel Trade Limited, to design fuel storage tanks in the Tema region of Ghana
Ethiopian government signs multi-million dollar loan agreement
Ethiopia’s government has signed a multi-million dollar loan deal to improve the quality of basic services in the country. (Source: Mattias Kiel Nielsen)
The government of Ethiopia has signed a US$251mn loan agreement with the African Development Bank (AfDB) to aid them with financing basic services in the country
Somali diaspora could prove to be vital to regional development, insists business leader
Dahabshiil CEO Abdirashid Duale, who spoke at the second annual Somaliland Diaspora Agency (SDA) conference. (Image source: Dahabshiil)
The international Somali diaspora could help stimulate the region through remittance finance, according to the CEO of one of Africas largest remittance companies
UBA promises financial support to East African energy sector
The United Bank for Africa building in Kampala, Uganda. (Image source: www.ubagroup.com)
Pan-African financial institution, United Bank for Africa (UBA) Plc, will provide financial support to East African energy and infrastructure industries
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