In 2018, the European Investment Bank (EIB) agreed US$3.74bn of new financing for the private sector and infrastructure investment in 20 African countries
Finance
DAT launches smart card system for Ivorian transport company
Digital Afrique Telecom (DAT) has launched a smart card and ticketing system, aiming to enable Ivorian public transport users to board more than 700 buses every day through contactless cards
Abu Dhabi’s Khalifa Fund to support Niger SMEs
Mahamadou Issoufou, President of Niger, has met with Hussain Jasim Al Nowais, chairman of the UAE-based Khalifa Fund for Enterprise Development in the Capital Niamey to discuss growing relations and strong cooperation between the two countries in various fields
Standard Chartered launches second wave of digital retail banks
Standard Chartered has announced the start of the second phase of its digital retail bank across Africa, aimed at driving digital adoption among new and existing customers focusing on young digital natives
Africa is showing promising future economic outlook: AfDB
Africa’s GDP growth is projected to reach four per cent in 2019 and 4.1 per cent in 2020, according to the African Development Bank (AfDB)