Archive for November, 2009« Previous Entries
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.
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.
The Ai 40 Investors’ Index lost 0.39% last week to close at 119.25 points; its year to date gain still remains 19%.
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.
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.
Angola’s biggest bank by deposits, Banco Africano de Investimentos (BAI), will open a representative office in South Africa before the year is up.
Three names known the world over have joined a fund which will develop a project to buy mobile phone masts across Africa.« Previous Entries