The Development Bank of Southern Africa has signed a long-term loan facility with the South Africas City of Tshwane for US$150mn
Finance
PenCom brings World Pension Summit to Africa
The first ever World Pension Summit to be held in Africa will be hosted in Nigeria in July
Ex-Im Bank to fund US$1 billion GE venture in Angola
The Export Import (Ex-Im) Bank of the US has agreed to finance a deal worth US$1bn between GE and the government of Angola to purchase railway and energy equipment
China signs US$2 billion development deal with AfDB
China has signed a US$2bn co-financing cooperation agreement with the African Development Bank (AfDB) Group for the African Common Growth Fund, according to the Peoples Bank of China
Indian bank opens first branch in Johannesburg
India’s Canara Bank has opened its first branch in South Africa’s Johannesburg and has plans to expand to other African countries as well