Banking & Finance

MTN Group considers selling part of its stake in Nigeria

MTN Bola businessMTN Group is considering selling part of its majority holding in its lucrative Nigerian arm despite the negative economic impact of COVID-19, according to Ralph Mupita, MTN Group financial officer

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Keystone Bank appoints Olaniran Olanyinka as acting managing director

Pexels banking bolaNigeria’s Keystone Bank has appointed Olaniran Olayinka as its acting managing director

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AfDB approves GETF and financial mechanism to boost gender equality

africa derrriskThe African Development Bank (AfDB) has approved a Gender Equality Trust Fund (GETF) aimed at pushing forward gender equality and women’s empowerment across the continent

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Nigeria's Bank of Industry raises US$1.11bn

Bank coinsThe Bank of Industry (BOI), Nigeria’s oldest and  largest development financing institution, has raised US$1.11bn from the international capital market, with an aim to serve its customers better

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US$3bn ‘Fight COVID-19’ social bond launched in Africa

AfDN fight covidThe African Development Bank (AfDB) has raised a US$3bn in a three-year bond to help alleviate the economic and social impact the COVID-19 pandemic will have on livelihoods and Africa’s economies

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