Nigerian lender Zenith Bank is set to list its shares, valued at US$850mn, on the London Stock Exchange (LSE)
Banking & Finance
World Bank sanctions US$70 million grant for Burkina Faso
The World Bank has commended Burkina Faso for its sound macroeconomic management which has sustained economic growth in 2012. (Image source: Jeff Attaway/Flickr)
The World Bank has approved a grant of US$70mn to the West African nation of Burkina Faso in an attempt to help the country promote its economic growth and competitiveness
Ecobank and ICICI enter into a partnership to extend banking services
The agreement will involve Ecobank and ICICI collaborating to extend banking services. (Image source: red hand records/Flickr)
Ecobank Transnational Incorporated (ETI) has entered into a partnership with Indian private sector bank ICICI Bank in an attempt to establish itself as a gateway for Indian investment into Africa
AfDB approves grants worth US$9 million for Malawi
The African Development Bank (AfDB) has approved two grants for Malawi worth US$9mn for budgetary support and a hydroelectric power plant feasibility study
AfDB to release funds for Africa’s infrastructure
The African Development Bank has proposed a US$20bn innovative instrument for financing of Africa’s infrastructure development
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The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)
The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)
The initiative was unveiled at a meeting at the UIA head office. (Image source: UIA)
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