Tag Archives: banks

Living the FATCA life in Africa: New U.S. tax regulations add to burden of compliance on financial institutions across Africa

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Daily Analysis for Monday May 20

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IMF Concludes Article IV Mission to Cameroon

YAOUNDE, Cameroon, May 15, 2013/African Press Organization (APO)/ An International Monetary Fund (IMF) mission, led by Mr. Mario de Zamaróczy, visited Cameroon during April 29–May 14, 2013 to conduct the 2013 Article IV Consultation. The mission met with Prime Minister Philémon Yang, Minister Secretary General at the Presidency Ferdinand Ngoh Ngoh, Minister of Finance Alamine Ousmane Mey, Minister of Economy, Planning, and Territorial Development Emmanuel Nganou Djoumessi, several other ministers, the Vice Governor and the National Director of the Bank of Central African States (BEAC), other senior officials, and representatives of the private sector, labor unions, civil society organizations, and development partners. The discussions focused on recent economic and financial developments, the 2013 budget, and the economic outlook for 2013 and beyond. At the end of the mission, Mr. de Zamaróczy issued the following statement:

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IFC Promotes Mobile Financial Services in Cote d’Ivoire to Encourage Inclusive Development

ABIDJAN, Côte d’Ivoire, May 14, 2013/African Press Organization (APO)/ IFC, a member of the World Bank Group, and The MasterCard Foundation today convened key financial industry players to build further momentum for mobile financial services in Cote d’Ivoire. The event recognized the market’s enormous potential, especially for increasing access to finance for low income households, small scale businesses and in hard-to-reach areas.

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Posted in African News, Republic of Côte d'Ivoire (Ivory Coast) | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Mobile Technologies to Fast Track Financial Transactions for the Unbanked in Asia

4th Annual Summit on Mobile Payments & Banking Greater Mekong/ Emerging Markets will be taking place in Phnom Penh, Cambodia from 12-13 June 2013.

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Successful infrastructure project bonds require improved regulatory frameworks, says AfDB study

TUNIS, Tunisia /African Press Organization (APO)/ African countries need to improve their regulatory frameworks in order to ensure the successful launch of African infrastructure project bonds, says a new report launched by the African Development Bank (http://www.afdb.org).

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Branding Africa and debunking the myths about its potential

CAPE-TOWN, South-Africa, May 13, 2013/African Press Organization (APO)/ Africa cannot continue to be marketed as a country, when it is a continent of 54 countries, which, by 2040 will have the largest workforce in the world. The statement was made by the Economic Commission for Africa’s Executive Secretary, Mr. Carlos Lopes at the World Economic Forum on Africa this week during a session aptly titled:Myth Busting; investing in Africa.

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Hope for financing Africa’s Development through private equity

CAPE-TOWN, South-Africa, May 9, 2013/African Press Organization (APO)/ A high-level roundtable on Building Private Equity and Private Capital Markets in Africa, met on 8 May, to explore the promise and obstacles facing private capital investments in Africa. The roundtable of investors and policy makers met under the auspices of the Economic Commission for Africa (ECA) and the World Economic Forum on Africa to navigate the complex world of private equity, which in recent years has shown increased interest. According to the participants, this could be Africa’s next development financing frontier and could mark an end to an aid dependency.

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MasterCard to Power Nigerian Identity Card Program

13 Million Cards to be issued first, in largest card rollout of its kind in Africa

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SatADSL Announces a Capital Increase to Finance its Growth Strategy in Africa

Low-cost professional broadband satellite services in Africa

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Climate Investment Funds Give North Africa and Middle East Green Light for Revised Regional Solar Plan

 

AfDB/World Bank-supported plan to generate more than a gigawatt of power

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Posted in Africa ECO, Green Energy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Standard Bank Group arranges first renewable energy bond in South Africa

Standard Bank Group has acted as the sole lead arranger for South Africa’s first – and only the world’s third – renewable energy bond for concentrated photovoltaic energy . The R1-billion, 16-year solar financing bond (closed on 29 April), with an 11% coupon was raised for French renewable energy firm Soitec.

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Kenya’s Newest Payments Innovation: Equity and Google launch Electronic Payments

Posted in African News, Kenya News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

60 African countries to participate in the AIM 2013

Posted in African News, Burundi News, Gambia News, Zimbabwe News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

World Organization of Creditors took part in the United Nations thematic debates

April 15, Robert Abdullin – President of the World Organization of Creditors – took part in the thematic debates at the United Nations headquarters in New York. These debates were devoted to the issue of “Global Economic Governance”.

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Mr. Aaron Sen, Singapore Branch Head of Ship and Aircraft Finance Asia Pacific, Norddeutsche Landesbank Girozentrale speak about his experience and knowledge on the freight forwarding industry at PowerLogistics Asia 2013 Conference on 30th-31st October 2013 at Marina Bay Sands, Singapore

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Standard Bank Group ranked the world’s 12th greenest bank

Standard Bank Group has been ranked the 12th “greenest” bank in the world and the cleanest in Africa by Bloomberg Markets.

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Posted in Africa ECO, African News, Green Energy, South Africa News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment