Finance

Access Bank Nigeria announces takeover of Cavmont Bank Zambia

The acquisition is set to strengthen Access Bank Plc’s presence in Zambia while furthering the growth in the COMESA region. (Image source: Global Financing Facility/Flickr)

Access Bank (Zambia) Limited (ABZ), subsidiary of Access Bank Plc, has entered into a definitive agreement with Cavmont Capital Holdings Zambia Plc (CCHZ) regarding a proposed acquisition of Cavmont Bank Limited (Cavmont Bank), a subsidiary of CCHZ and subsequent merger of Cavmont Banks operations into ABZ

European Investment Bank and Afreximbank supporting Africa’s trade

Women in business and green revolution will be a major focus area. (Image source: JonoErasmus/Adobe Stock)

The European Investment Bank (EIB) and the African Export-Import Bank (Afreximbank) are directing US$356.48mn of financing to support the resilience and recovery of African nations in response to the COVID-19 pandemic

Senegal and Equatorial Guinea set to discuss post-COVID investments in Africa at GABF webinar

The panel will discuss the business opportunities and possibilities arising post-COVID between Germany and Africa. (Image source: African Energy Chamber)

The Germany Africa Business Forum (GABF) is organising an exclusive webinar on the topic "Business in Africa after COVID-19" on 6 August 62020 at 16:00 Central European Time

ShopRite may sell all or a majority stake in Nigerian business

South African retail shops need to contend with local competition, being more nimble and with local cost.(Image source: ccipeggy/Pixabay)

ShopRite, South Africas international retail company, is in discussion with potential investors, likely to be Nigerians, to consider the potential sale of all or a majority stake in Retail Supermarket, its Nigerian subsidiary