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Archive for November, 2009

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Standard Bank to commence operations in Angola

Monday, November 30th, 2009

Angola has given Standard Bank, Africa’s biggest bank by assets, the green light to commence operations as a full-service bank in the oil-producing country.

World Bank pledges loan to Kenya, but sets conditions

Friday, November 27th, 2009

The World Bank has pledged an average of Sh30 billion ($400 million) to Kenya annually over the next three years, but has hinged it on the condition that Kenya implement a number of governmental and economic reforms.

Africa’s leading investors index - Ai40 index weekly commentary

Friday, November 27th, 2009

The Ai 40 Investors’ Index lost 0.39% last week to close at 119.25 points; its year to date gain still remains 19%.

AGRA partners launch $25m financing programme for smallholder farmers in Uganda

Friday, November 27th, 2009

Stanbic Bank Uganda (SBU), the Alliance for a Green Revolution in Africa (AGRA) and Kilimo Trust have announced a partnership that will provide US $25 million in financing for smallholder farmers and various businesses supporting the sector.

Naspers reports 6% increase in interim results

Friday, November 27th, 2009

In a statement released yesterday, Naspers reported a 6% increase in revenue to R13.5 billion for the six months ended 30 September 2009. Operating profit grew by 19% to R2.8 billion and core headline earnings were up to R2.4 billion, or R6,48 per share, an increase of 37% on the previous year.

Angolan banking giant to establish office in South Africa

Friday, November 27th, 2009

Angola’s biggest bank by deposits, Banco Africano de Investimentos (BAI), will open a representative office in South Africa before the year is up.

Global names come together to expand mobile access in Africa

Thursday, November 26th, 2009

Three names known the world over have joined a fund which will develop a project to buy mobile phone masts across Africa.

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