Banking & Finance

Standard Chartered Bank arranges US$1.46bn to fund Standard Gauge Railway

Standard Chartered CEO Sanjay Rughani with Minister of Finance and Planning Hon. Phillip Mpango02The Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered Tanzania for a US$1.46 billion term loan financing to fund the construction of the Standard Gauge Railway (SGR) project from Dar es Salaam to Makutupora

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CredoLab raising banks’ loan-to-deposit ratio while minimising risk

LDR credoThe Central Bank of Nigeria (CBN) has increased the minimum loan-to-deposit ratio (LDR) of commercial banks from 60 per cent to 65 per cent in the latter part of 2019, which, according to Bloomberg, was aimed at forcing banks to boost credit, mainly to farmers, small-and-medium-size businesses and consumers

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ABSA appoints new chief executive to expand African operations

absaAbsa, the leading pan-African financial services group, has appointed Cheryl Buss as CEO of Absa International which includes managing Absa Securities United Kingdom

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Financial inclusion firmly on Africa’s agenda

uKheshe card in actionA year since launching, uKheshe, South Africa’s QR cash card and microtransaction platform, has left a significant imprint on South Africa’s unbanked and underbanked

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AfDB becomes a shareholder in Africa Finance Corporation

afc afdbThe African Development Bank (AfDB), Africa’s highest investment-grade rated (AAA with stable outlook) multinational financial institution, has invested US$50mn in the equity of Africa Finance Corporation (AFC)

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