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Kapital Afrik www.kapitalafrik.com est la version en anglais du site web ww.financialafrik.com

We publish here Frannie Leautier’s op-ed on the presidency of the African Development Bank ( ). Among the five candidate...
21/02/2025

We publish here Frannie Leautier’s op-ed on the presidency of the African Development Bank ( ). Among the five candidates, the former Vice-President of the World Bank and the African Development Bank believes, after weighing the pros and cons, that the Mauritanian Dr. Sidi Ould Tah is the best-prepared candidate.

Future Of Work Forum Africa Financial Afrik African Development Bank Group Landry Ouedraogo

We publish here Frannie Leautier's op-ed on the presidency of the African Development Bank (AfDB). Among the five candidates, the former Vice-President of the W

Kasada’s transforming the continent’s hospitality sector with a world-class, multi-disciplinary team with deep sector ex...
18/02/2025

Kasada’s transforming the continent’s hospitality sector with a world-class, multi-disciplinary team with deep sector expertise and successful track records across investment, construction, finance and operations. Driven by expertise, scale, strategic partnerships and industry networks, and a significant investment pipeline, Kasada is seizing attractive proprietary knowledge and investments ahead of the market.

Kasada Capital Management is establishing itself as a major player in hotel development in Africa. With the support of the Qatar Investment Authority and Accor,

The Francophone Africa Business Summit (FABS) is a flagship event organized by Epena Law, aimed at promoting economic re...
09/11/2024

The Francophone Africa Business Summit (FABS) is a flagship event organized by Epena Law, aimed at promoting economic relations between the francophone and anglophone regions of Africa. The second edition will take place on February 18-19, 2025 in Lagos, Nigeria, under the theme “Consolidating Growth in Africa: Capitalizing on Opportunities”.

he Francophone Africa Business Summit (FABS) is a flagship event organized by Epena Law, aimed at promoting economic relations between the francophone and anglo

Ethiopian commercial banks will be required to disclose to customers all fees and commissions relating to forex transact...
16/10/2024

Ethiopian commercial banks will be required to disclose to customers all fees and commissions relating to forex transactions effective immediately, the central bank has said in a statement.

In a statement issued on October 15th, the National Bank of Ethiopia (NBE) said banks are to operate transparently while following international standards and disclose hidden charges to customers in the foreign exchange market.

“Banks are required to transparently disclose all such fees, commissions, or any other related charges in transactions with their customers. All such fees shall also be reported to the NBE on a regular basis per the usual practice,” read the October 15th NBE statement in part.

“The foreign exchange trading spread, namely the difference between a bank’s buying and selling rate, shall be separately identified in the bank’s FX transactions and in its daily posted rates.”

NBE has been reviewing policies in the country’s banking sector regularly is a bid to streamline the performance of the foreign exchange (FX) market since the transition to a new FX regime on July 29, 2024.

“It is to be recalled that the National Bank previously required that banks include all FX related fees and commissions (except those charges set in nominal terms) in their trading spreads between the buying and selling rate,” added NBE.

NBE added that the rate is expected to not exceed two percent for banks’ posted rates in line with international settings and banks were free to adjust their rates in a transparent manner after negotiations with customers.

“FX related fees and commissions shall be separately disclosed, reported, and charged to bank clients,” said NBE.

The Central bank added that the above decisions shall be effective from the date of the notice and no later than Wednesday, October 16, 2024.

Ethiopian commercial banks will be required to disclose to customers all fees and commissions relating to forex transactions effective immediately, the central

The Next Fintech Forum 2024 is a series of educational sessions, discussion panels, presentations, interactive workshops...
16/10/2024

The Next Fintech Forum 2024 is a series of educational sessions, discussion panels, presentations, interactive workshops, keynote speeches, and case studies addressing key themes related to fintech trends in French-speaking Africa. Main Themes: Overview of Fintech Trends in French-speaking Africa:Analysis of major financial technologies, key players, and startup funding trends in Africa. Case studies will highlight successes and failures in Côte d'Ivoire, Senegal, Cameroon, and the Democratic Republic of Congo....

The Next Fintech Forum 2024 is a series of educational sessions, discussion panels, presentations, interactive workshops, keynote speeches, and case studies add

Tech in Ghana is a major Ghanaian and British platform dedicated to strengthening and showcasing Ghana's thriving tech e...
16/10/2024

Tech in Ghana is a major Ghanaian and British platform dedicated to strengthening and showcasing Ghana's thriving tech ecosystem, both locally and internationally. Since its launch in 2017, it has actively engaged numerous multinationals, policymakers, investors, rapidly growing companies, and founders from the region. Held twice a year, in London and Accra, Tech in Ghana provides its burgeoning tech industry with a valuable opportunity to come together, engage in global knowledge exchange, network with industry peers, and showcase innovation....

Tech in Ghana is a major Ghanaian and British platform dedicated to strengthening and showcasing Ghana's thriving tech ecosystem, both locally and international

Lomé, October 15, 2024 – The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Deve...
16/10/2024

Lomé, October 15, 2024 – The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor, signed a loan agreement granting a line of credit in the amount of EUR 20 million to the Bank of Commerce and Industry of Guinea (BCI Guinée).

This loan facility will be used to finance small and medium-sized enterprises and industries (SMEs and SMIs) in the Republic of Guinea to contribute to the development of entrepreneurship and the promotion of SMEs/SMIs, particularly in the agricultural value chain and related sectors of activity, with at least 15% of the financing being earmarked for businesses run or led by women.

In his speech, Dr Donkor emphasised that SMEs and SMIs are the backbone of the regional economy and play a key role in meeting market needs while creating jobs, making it crucial to support their activities. He also highlighted the importance of developing a more robust agricultural sector, to tackle the issue of food security which continues to plague the sub-region while building a regional value chain to stimulate economic growth.

In response, BCI Guinée, represented by its Director General and Board Director, Mr. Sidy Mohamed Cherif, pledged to deploy the resources efficiently to ensure wealth creation for the benefit of the people of Guinea.

With this investment, EBID has invested a total of USD 222.8 Million in both the public and private sectors of the Republic of Guinea. In the sub-region, the Bank’s commitment stands at about USD 4.2 billion and is poised to grow as EBID continues to finance projects in key sectors to fast-track socio-economic development, in line with the Bank’s mandate.

Lomé, October 15, 2024 - The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donko

Lomé, 3 October 2024-The ECOWAS Bank for Investment and Development (EBID) and CORIS Bank International Côte d’Ivoire ha...
15/10/2024

Lomé, 3 October 2024-The ECOWAS Bank for Investment and Development (EBID) and CORIS Bank International Côte d’Ivoire have extended a loan facility in the amount of EUR 58 million to Atlantic Cocoa Corporation in the Republic of Cote d’Ivoire.

This syndicated facility, which was approved during the 89th Session of the Board of Directors of the Bank on Tuesday, 1st October 2024, is intended to finance the construction and operation of a cocoa processing plant in San Pedro by Atlantic Cocoa Corporation Côte d’Ivoire. It is part of EBID’s efforts to support Cote d’Ivoire with the development of key industries to create jobs and boost economic activity.

In his speech, the President and Chairman of the Board of Directors of EBID, Dr George Agyekum Donkor, underscored the fact that this syndicated loan agreement is aligned with the strategic vision of the Bank, which is to invest in the growth poles of ECOWAS Member States. Thanks to this loan, more than 74 new permanent jobs and 96 daily jobs will be created, contributing more than 158 million euros to national added value, and improving the balance of trade.

To date, the Bank has committed a total of about USD 710 million to projects in both the private and public sectors in the Republic of Cote d’Ivoire and remains committed to its mandate of promoting economic development throughout the ECOWAS region.

Lomé, 3 October 2024-The ECOWAS Bank for Investment and Development (EBID) and CORIS Bank International Côte d’Ivoire have extended a loan facility in the a

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