The global banking industry has been undergoing fundamental changes that have been creating expansion opportunities for new players in international markets, according to a recent report titled International Banking Platforms: The New Imperatives
Banking & Finance
World Bank loans to boost ICT in Mauritania and Togo
The World Bank has approved two US$30mn credits to support efforts to strengthen telecommunications connectivity through fiber-optic broadband network expansion in Mauritania and Togo
African Development Bank invests US$11 billion in COMESA
The African Development Bank (AfDB) has invested US$11bn in infrastructure development across the COMESA region in the last five years
AfDB pledges US$18 million to support Somalia’s reconstruction
The African Development Bank has pledged its support for Somalias reconstruction with a commitment of US$18mn over a period of three years
KCB and Western Union launch account-based money transfer service
Western Union and KCB Group have announced the launch of an account-based money transfer service (ABMT) in East Africa, allowing customers to send and receive money from more than 200 countries around the world