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South Africa has formally joined the African Export-Import Bank (Afreximbank), marking a significant milestone for both institutions. This accession makes South Africa the 54th state to join the Bank’s Establishment Agreement. Afreximbank Country Programme Afreximbank has declared a USD8 billion Country Programme for South Africa. This program is intended to unlock trade opportunities and operate […]
Standard Bank Corporate and Investment Banking will host the second annual African Markets Conference (AMC) from February 22 to 24, 2026, in Cape Town. The conference aims to facilitate engagement between African policymakers and global capital providers, reflecting the continent’s growing importance in global economic discussions. Building on the 2025 inaugural conference, the 2026 AMC […]
Absa executives recently concluded a three-day visit to Kenya, engaging with regulators and private sector representatives. The South African lender is exploring potential acquisition opportunities within the country as the banking sector undergoes consolidation. Group CEO Kenny Fihla and Group Executive for Africa Regions Charles Russon were present during the visit. The trip reflects Absa’s […]
The World Bank’s Anna Bjerde has embarked on a multicountry tour spanning Nigeria, Angola, Ethiopia, and Saudi Arabia as several of the bank’s flagship initiatives in Africa move from planning to execution. Bjerde is the bank’s managing director of operations, and this trip follows a previous tour of four other African countries, highlighting the continent’s […]
The Bank of Ghana is implementing new regulatory and digital infrastructure initiatives to improve cross-border payments and foster inclusive economic growth across Africa. These efforts aim to address challenges related to payment interoperability, regulatory trust, and consumer protection that currently hinder intra-African trade. FinTech Passport Initiative The Bank of Ghana is collaborating with the Bank […]
African Bank has announced the appointment of Happy Ralinala as Deputy Chief Executive: Business and Commercial. This move aims to bolster the bank’s leadership team as it focuses on expanding its Business and Commercial banking portfolio. The bank is prioritizing customer value, sustainable growth, and an inclusive banking ecosystem that supports entrepreneurs, businesses, and underserved […]
Sterling Bank hosted an industry event, “Co-Creating Financial Solutions for Nigeria’s Tourism, Arts and Creative Economy,” at the Sheraton Hotel in Ikeja, Lagos. The event brought together stakeholders from the financial sector, tourism, arts, and the creative ecosystem to explore how tailored financial infrastructure can foster growth in these areas. C.R.E.A.M. Platform and Financial Inclusion […]
A recent World Bank survey indicates uneven adoption of artificial intelligence (AI) among businesses in emerging markets. The study, which examined over 2,200 companies across more than 85 countries, reveals a widening digital divide, particularly in Sub-Saharan Africa and the Middle East. The survey was conducted in June 2025 and focused on companies supported by […]
Access Bank is set to host the second edition of the Africa Trade Conference (ATC 2026) in Cape Town, South Africa. The event is scheduled for 2026. Conference Details Access Bank Plc will organize the Africa Trade Conference (ATC 2026) in Cape Town, South Africa. The conference marks the second iteration of the event. Rahmotullah […]
The Rockefeller Foundation and the World Bank are providing tens of millions of dollars to non-profit organizations to enhance agricultural productivity in Africa through solar-powered technologies. The initiative aims to improve food security and economic stability across the continent. Technology Deployment The program will support the rollout of solar-powered cold storage facilities, refrigerators, water pumps, […]