African Financial Sector News
Equity Bank - with nine million customers in Rwanda - announced on Thursday (October 16th) that it plans to introduce American Express cards in the country.
BIC Bank is now offering insurance services in Angola under the brand BIC Insurances.
Tunisian investment fund AfricInvest has announced the first closing of its third pan-African fund, which will finance small and medium-sized enterprises (SMEs).
Kenya will issue on October 22nd a domestic bond reaching Sh15 billion(€132 million).
Investment holding company Atlas Mara signed an agreement on October 10th for the acquisition of some of the Development Bank of Rwanda's (BRD's) assets.