The Arab Bank for Economic Development in Africa (BADEA) has agreed to provide financial assistance to the West African Development Bank (BOAD) to the tune of US$20mn
Finance
Continental Reinsurance plans to bank on Africa’s construction boom
Nigerian company Continental Reinsurance plans to double premium income from its property and engineering business to US$80mn in the next five years, said executive director Lawrence Nazare
Botswana’s top three banks record profit increase
The biggest three banks in Botswana have recorded an overall rise in their non-interest incomes
South African province keen to promote business with Angola
South Africa’s Western Cape province is committing to help businesses in Cape Town and enhance its own chances of striking trade opportunities in Angola
Atlas Mara likely to invest US$22.5mn in Rwandan bank
African bank Atlas Mara is in talks to invest US$22.5mn in Banque Populaire du Rwanda (BPR) and merge it with BRD Commercial Bank