The Zambian government’s approval to change the mineral royalty tax regime is expected to strengthen the local currency Kwacha against the dollar, stated Zambian banks
Finance
AU extends grant to support capacity building in Africa
The African Union (AU) has extended a US$3mn grant from the African Capacity Building Foundation (ACBF) in a bid to support its three-year capacity building programme
Banking opportunities for frontier markets
As private wealth increases across the continent, and consumer-driven industry growth outpaces non-African regions, so regulation of investible assets gains critical importance
BOAD to receive financial and technical assistance from BADEA
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
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