African Financial Sector News

Equity Bank to roll out American Express cards in Rwanda


Equity Bank - with nine million customers in Rwanda - announced on Thursday (October 16th) that it plans to introduce American Express cards in the country.

Angola: BIC Bank launches insurance subsidiary


BIC Bank is now offering insurance services in Angola under the brand BIC Insurances.

AfricInvest III: €154 million to finance sub-Saharan SMEs


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 and Ivory Coast issue bonds


Kenya will issue on October 22nd a domestic bond reaching Sh15 billion(€132 million).

Atlas Mara takes over parts of the Development Bank of Rwanda


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.

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