At a meeting held in Luanda, Angola the governor of the Central Bank National Bank of Angola said he guarantees currency to commercial banks
Finance
Merger and acquisition actions moves from West to East Africa in 2016

Canary Wharf, London, where Clifford Chance are based. (Image source: David Iliff/CC-BY-SA 3.0/Commons)
International law firm Clifford Chance show that the African merger and acquisition (m&a) footprint is increasing in 2016, despite the market deal volume being down a third throughout Africa in 2016
KPAL to agree to acquire Sadolin Paints

Kansai Plascon Africa Limited announced a binding agreement for the acquisition of Sadolin Paints’ operations in Kenya, Uganda, Tanzania, Zanzibar, and Burundi. (Image source: Lance Cpl. M. C. Nerl/Commons)
Kansai Plascon Africa Limited, a subsidiary of Kansai Paint Co, announced on 7 February, a binding agreement for the acquisition of 100 per cent of Sadolin Paints’ operations in Kenya, Uganda, Tanzania, Zanzibar, and Burundi
Lagarde, IMF MD, concludes her visit to Kampala

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued a statement on Saturday (28 January) as she concluded her visit to Uganda. (Image source: MEDEF/Commons)
Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued a statement on Saturday (28 January) as she concluded her visit to Uganda
Ecobank launch US$500,000 Fintech Challenge for African start-ups
The leading pan-African banking group, Ecobank, has launched the Ecobank Fintech Challenge, where African technology start-ups can compete for major start-up funding