Ecobank transnational incorporated at its Annual General Meeting made public its full year result revealing that the bank’s revenue in Nigeria and all francophone countries grew strongly in all markets as it increased by 31 percent to $368 million, assets increased by 19 percent to $4.7 billion, while profit after tax hit $118 million.
The African Development Bank (AfDB) Group made approvals of almost USD 8.5 billion in 2011, which represented a 36-percent increase on 2010 approvals which totalled approximately USD 6.2 billion.
The role played by remittances and microfinance in the empowerment of the less privileged in society came under scrutiny on 29 May in Arusha, Tanzania, during a high-level panel discussion ahead of the 2012 annual meetings of the African Development Bank (AfDB) Group.
Afreximbank has arranged and closed a unique multi-creditor financing for Econet to import Chinese and Swedish telecoms equipment into Zimbabwe and Burundi.
AIRTEL KENYA marked telecommunication companies’ deepening foray into the financial sector with the launch of a mobile phone loan facility in partnership with FAULU KENYA, a microfinance provider.
he Central Bank of Nigeria (CBN) has said that 88,622 Point of Sales Terminal (POS) have been made available for the effective operation of the cashless Lagos programme.
