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
Finance
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
UK-Cameroon promote bilateral trade at investment forum
UK Minister for Africa and Cameroons Prime Minister set a fresh agenda for trade ties at the 2014 UK-Cameroon Trade & Investment Forum organised in London recently
Standard Bank to expand services to Francophone Africa
South Africa’s Standard Bank has announced that it will extend its services to Francophone countries in Africa, citing the investment boom it perceives the sub-region would soon experience