African Financial Sector News

Tanzania: Plea to Tap Onto Tz Insurance Potential


 | Source: Tanzania Daily News; All Africa

The prospects for Tanzania to reap huge benefits from insurance firms are high, given its exceptionally favourable regulatory system and economic diversity.

IFC and Attijariwafa bank team up to support trade and investment in Africa


 | Source: Ecofin Agency

The Moroccan group Attijariwafa bank and the International Finance Corporation (IFC), World Bank’s private lending arm, agreed to consider investment projects in Africa.

BOAD’s investment in West Africa reached CFA5, 000 billion


 | Source: Ecofin Agency

The West African Development Bank (WADB)’s investment in West Africa reached CFA5, 000 billion ($9.66 billion), the institution indicated in a statement.

Afreximbank to invest $25 billion in the promotion of trade exchanges in Africa


 | Source: Ecofin Agency

Afreximbank will invest $25 billion to boost trade exchanges in Africa. This was announced by Benedict Oramah (photo), the bank’s chairman.

South Africa: JSE Aims to End SA's Bad Savings Culture


 | Source: Caj News Africa; All Africa

South Africans are generally not good savers when compared with other countries around the globe.

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