Japanese automaker Toyota has launched a US$4.9mn truck and bus assembly plant and showroom in Kenya in an attempt to improve its market share in the East African country
Finance
Fidelity Bank finances Nigerian aluminium can plant
Nigerias Fidelity Bank has financed Africas biggest aluminium can factory Aba Can Manufacturing Plant, which will be completed in a few months and have a production capacity of 1.2bn cans
Barclays Bank Africa Group and Absa merge
Absa is merging with Barclays Bank Africa Group after Absas minority shareholders voted in favour of the deal
World Bank provides financial boost to Rwandan energy sector
The World Bank has signed a financing agreement with Rwanda worth US$60mn, which will see the global bank help boost the country’s energy rollout programme
Khartoum 'must establish banking presence in South Sudan'
The central banks in Sudan and South Sudan need to act quickly to cooperate and establish protocols between their respective central banks, according to one of Sudans leading financial figures