The Islamic Corporation for the Development of the Private sector (ICD) and Jaiz Bank, SunTrust Bank and Wema Bank have signed a Line of financing agreements for a US$20mn, US$10mn and US$20mn respectively
Finance
IMF reviews progress of Madagascar’s economic programme
A team from the International Monetary Fund (IMF) led by Marshall Mills, mission chief for Madagascar, visited Antananarivo from 14–28 March 2018, to hold discussions on the third review of Madagascar’s economic reform programme supported by the IMF’s three-year Extended Credit Facility (ECF)
Quantum Global Research names Morocco top investment destination in Africa
Quantum Global Research named Morocco the most attractive economy for investment in Africa citing an improving economy, increased foreign direct investment and external debt levels among others
Fintech helps in digital transformation in Rwanda
Speakers at the International Conference on Responsible and Inclusive Finance (ICRIF) backed Rwandan microfinance institutions (MFIs) to adopt fintech solutions to cut costs and improve lending quality
Moody's changes outlook on South Africa to stable, halts further downgrade
Moodys on Friday maintained South Africas sovereign rating and changed its outlook to "stable" on the expectation that transparency in government functioning would improve under the new President Cyril Ramaphosa