Finance

Finnfund gives US$10mn loan to First National Bank Ghana

Ghanaian financial sectorFinnfund, a Finnish development finance company and impact investor, has provided a US$10mn senior loan to First National Bank Ghana Ltd

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President Buhari signs Companies and Allied Matters Act 2020

Companies law FlickrPresident Muhammadu Buhari has signed the Companies and Allied Matters Act, 2020 (CAMA 2020) to reform and improve Nigeria’s business environment

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World Bank approves US$150mn for Kenya’s 1.7mn urban residents

world bank kenya urbanThe World Bank has approved US$150mn International Development Association (IDA) credit to improve tenure security and access to basic services for 1.7mn residents living in selected Kenya’s urban informal settlements

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Sombank selects Temenos cloud technology for digital Islamic banking services in Somalia

tremenos FlickrSombank, a privately owned Islamic bank in Somalia, has selected the Temenos Islamic Banking solution in the cloud to accelerate its digital transformation and create innovative products to increase access to financial services in Somalia

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Standard Chartered and Airtel Africa to drive financial inclusion

SC AM FlickrStandard Chartered Bank and Airtel Africa have announced a strategic collaboration to drive financial inclusion across important markets in Africa by providing customers with increased access to mobile financial services

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