Indias ICICI Bank has plans to open branches in South Africa, after the Reserve Bank of India granted regulatory approval
Finance
Sage Pastel to help Nigerian businesses follow international financial standards
International accounting firm Sage Pastels new product range enables small and medium sized enterprises (SMEs) in Nigeria to comply with the International Financial Reporting Standards (IFRS)
Rothschild raises US$530 million for its first Africa-focused fund
Swiss private banking group Edmund de Rothschild will invest US$530mn in Africa to develop the continents economy and raise the living standards of the middle class population
EU grants US$600 million for Kenya's infrastructure and transport
Kenya has received a US$600mn grant from the European Union (EU) to develop public transport infrastructure and agriculture
RMB Namibia launches new banking division
Namibian bank and Merchant Bank (RMB) has set-up a full corporate and investment banking division