Angolas sovereign wealth fund Fundo Soberano de Angola (FSDEA) has allocated US$1.4bn to five new investment funds focused on the growth of various sectors of the Central African nations economy
Finance
Republic Bank confident of HFC Bank Ghana takeover
Republic Bank has expressed confidence that it will acquire a majority share in Ghanaian bank HFC
New ECOWAS tariff could improve Nigerian economy, says comptroller
The newly-introduced ECOWAS Common External Tariff (CET) is expected to boost the Nigerian economy, according to Comptroller Zakare Jubrin
Moody’s upgrades Egyptian banks’ ratings
Moody’s Investors Service has upgraded the credit ratings of five Egyptian banks this month
Indicators show solid growth for Barclays Africa
Barclays Africa has announced positive financial results for 2014, revealing steady growth in all sectors