Finance Asian and African development banks strike US$1bn deal to boost lending capacity ADB and AfDB swap loan risks to diversify financial exposure Published on 28 Aug 2023 Temasek firm to generate carbon credits through Ghana project GenZero to invest in a US$30m landscape restoration project Published on 20 Jul 2023 Singapore tech firm powers new Islamic bank in Ethiopia Rammis Bank implementing Azentio software to service the sizeable Muslim population of the country Published on 20 Jun 2023 Sumitomo invests US$36.5 million in Kenyan fintech firm M-KOPA The micro financier has provided more than US$1bn in credit to the unbanked in Africa Published on 23 May 2023 Tolaram’s Lagos Free Zone issues US$38m bond for further expansion The 20-year corporate bond shows that domestic institutional investors have the ability to finance critical infrastructure in Nigeria Published on 18 Apr 2023 Singapore firm launches fund for energy-efficient cookstoves in Africa Fund to generate returns by selling carbon credits from reduced emissions and deforestation Published on 23 Mar 2023 New banknote swap wreaks havoc on business in Nigeria Demonetisation causes cash shortage and disrupts everyday transactions days before Nigeria holds election Published on 26 Feb 2023 Singapore-based impact fund raises US$50bn to invest in women-focused businesses in Africa and Asia Women’s Livelihood Bond by IIX targets small mature Kenyan firms Published on 30 Jan 2023 High finance costs crimp cross border trade in West Africa Only ten banks provide 70% of trade finance in the region Published on 26 Dec 2022 Seven African stock exchanges linked together on a single trading platform Investors from one African country will now be able to buy stocks of another through a single intermediary Published on 28 Nov 2022 Singaporean crypto platform raises US$18m as it expands in Nigeria Stiff capital control and weak domestic currency is facilitating cryptocurrency adoption Published on 25 Oct 2022 Toyota Tsusho to invest in African venture capital fund VKAV Japanese investors eye Africa as Tokyo seeks to strengthen ties Published on 26 Sep 2022 Singapore-based Thunes facilitates remittance payments to Morocco Agreement with Attijariwafa bank allows for faster and cheaper cross-border transfers Published on 22 Aug 2022 Zimbabwe introduces gold coins to stem inflation Measure aimed at shoring up confidence in the economy and stop the hoarding of US dollar Published on 25 Jul 2022 Africa becomes a leader in digital payment transactions It now accounts for 70% of all mobile money transactions across the world Published on 22 Jun 2022 Central African Republic makes bitcoin legal tender The move signals growing acceptance of cryptocurrency in Africa Published on 23 May 2022 Major European banks are quitting Africa Their exit leaves a void in the retail market for other banks to fill Published on 25 Apr 2022 Kenya and Tanzania woo Sharia compliant investments from the UAE The US$375bn Islamic finance market in Africa is primed to attract Muslim investors Published on 22 Mar 2022 Process to unify war-torn Libya's central bank gets underway If successful, it could unlock billions of dollars in oil revenue and stabilise the country Published on 22 Feb 2022 Mobile telecoms operators entering banking sector in Nigeria The anticipated entry of Airtel Africa and MTN in the banking sector could be a shot in the arm for financial inclusion Published on 08 Dec 2021 MTN rides the tech IPO wave with share sale in Uganda A number of African technology firms have listed their shares this year Published on 30 Nov 2021 Nigerian digital currency to stimulate growth eNaira could save the cost of managing physical cash. Published on 18 Nov 2021 Sanlam and MTN enter strategic alliance to sell insurance The deal is expected to give the unbanked access to insurance services. Published on 25 Oct 2021 Japanese VCs targeting Africa African startups are starting to get some serious investments. Published on 24 Sep 2021 The transformation of Africa’s financial sector Africa’s financial sector is undergoing something of a makeover. The change will determine how dynamic the continent’s economy will eventually turn out to be. Published on 05 Mar 2021 Fintech in Africa Innovation in the financial services sector in Africa has created new opportunities. Published on 31 Mar 2021
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