Finance

IFC and FMO grant a loan of US$50mn for SMSE in Kenya

AdobeStock 306310566IFC and FMO, the Dutch entrepreneurial development bank, have announced a loan of US$50mn to I&M Bank Ltd to help smaller businesses across different sectors in Kenya access financial support for expansion and economic recovery

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AUC and TRAFFIC signs MoU to combat illegal wildlife trade

AdobeStock 294846823The African Union Commission (AUC) and TRAFFIC signed a Memorandum of Understanding (MoU) to protect Africa’s wildlife from unstainable and illegal harvest and trade

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Cellulant acquires PSP license in Ghana

digital money transferPan African payments company Cellulant has announced the acquisition of PSP License in Ghana as it rolls out a digital payments solution for businesses

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President Akufo-Addo admonish African government to build financial compliance systems

AdobeStock 259469390Speaking at the EBII Africa Investments Risk and Compliance (IRC) Summit on 30 July at the University of Oxford, President of the Republic, Nana Addo Dankwa Akufo-Addo admonished African governments to build robust financial compliance systems, and ensure strict enforcement of these systems

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'Morocco, Kenya and Ghana to be the fastest growing African economies in 2021'

Ghana GlobaldataHaving witnessed its worst recession in half a century in 2020, Africa’s economy is forecast to grow at a healthy pace of 3.8% in 2021, driven by rising global demand as restrictions are eased, untapped market opportunities, a rebound in commodity prices, and a rise in oil prices, according to GlobalData

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