Finance

US$150mn line of credit to African bank

The Board of Directors of the African Development Bank (AfDB) Group has approved a US$150mn line of credit to Afreximbank. This line of credit will be used to finance trade and trade-related projects across the participating states of Afreximbank in Africa.

p>The Board of Directors of the African Development Bank (AfDB) Group has approved a US$150mn line of credit to Afreximbank. This line of credit will be used to finance trade and trade-related projects across the participating states of Afreximbank in Africa.

Burkinabè farmers benefit from better seeds

The United Nations has begun providing quality seeds to 100,000 vulnerable farmers in Burkina Faso.

p>The United Nations has begun providing quality seeds to 100,000 vulnerable farmers in Burkina Faso.

New biofuels company brings USA technology to SA

A new biofuels technology company, Stellenbosch Biomass Technologies (SBMT) was launched on Friday 2 July in Sandton.

p> A new biofuels technology company, Stellenbosch Biomass Technologies (SBMT) was launched on Friday 2 July in Sandton.

Brazilian and Portuguese banks sign agreement to plan expansion in Africa

Brazils Financial Minister Guido Mantega have announced that the state-controlled Banco do Brasil and private-sector Banco Bradesco have signed a memorandum of understanding with the Portuguese bank Banco Espírito Santo (BES) to create a new company to expand their business in Africa.

p>Brazils Financial Minister Guido Mantega have announced that the state-controlled Banco do Brasil and private-sector Banco Bradesco have signed a memorandum of understanding with the Portuguese bank Banco Espírito Santo (BES) to create a new company to expand their business in Africa.

Acknowledgement for investment bank

Standard Bank IBTC has been named as Best Investment Bank in Nigeria in the Euromoney Awards for Excellence 2010. Standard Bank Group was also named as Best Investment Bank in Africa and Best Bank in South Africa by Euromoney.

p>Standard Bank IBTC has been named as Best Investment Bank in Nigeria in the Euromoney Awards for Excellence 2010. Standard Bank Group was also named as Best Investment Bank in Africa and Best Bank in South Africa by Euromoney.

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