African Financial Sector News

Burkina Faso: BNP Paribas subsidiary to invest CFA9.2 billion in Essakane solar power plant project


 | Source: Ecofin Agency; All Africa

In Burkina Faso, the 15MWc solar plant which is to power the Essakane gold mine, will be financed by the BICIAB, local subsidiary of the BNP Paribas group.

Nigeria: SEC DG Tasks Market Operators to Adapt to Changing Business Environment


 | Source: This Day; All Africa

The Director General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo has urged capital market participants to constantly adapt to new the changing economic, regulatory and business environments for them to perform their expected roles in economic development of the nation.

Factoring and Credit Insurance Seen as Key for SME Growth and Regional Integration


Innovative financial solutions like factoring and credit insurance offer keys to the growth of small and medium-sized enterprises (SMEs) in Africa and can enhance regional integration.

More Capital Flows in Africa and Latin America as Two New Impact Fund Managers Join the Capria Network


Managers to be headquartered in Kenya and Chile to benefit from investment, advisory services, and access to Capria’s growing global network.

Nigeria: Biometrics Will Replace ATM Code Soon - CBN


 | Source: Leadership; All Africa

The Central Bank of Nigeria (CBN) has disclosed that with the Bank Verification Number (BVN) in place, biometrics will soon be used for transactions on the Automated Teller Machine (ATM) instead of the existing pin code.

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