Africa > Central Africa > Banking / Investment

Banking / Investment in Central Africa

  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • Letshego chief aims to lead race for African financial inclusion

    BOTSWANA, 2017/08/23 In sub-Saharan Africa about 326 million adults do not use formal or semi-formal financial services. This unbanked group, according to consultancy McKinsey, offers innovative finance providers with a peerless increase opportunity. Indeed, momentum is building behind Africa’s financial inclusion schedule; mobile money operators are on the rise, commercial banks are launching microfinance units, and governments are pushing to formalise economic activity in their respective markets.
  • Angola: Ruling Party Considers Reducing Taxes to Attract Investment

    ANGOLA, 2017/07/16 The creation of additional fiscal incentives, through the reduction of taxes to attract investments into the majority needy regions of the country figures part the economic measures an MPLA election winning government is considering. This was said Friday in Luanda by the ruling MPLA party's presidential candidate, João Lourenço, who said the existing regional asymmetries will not be eliminated through decrees.
  • Chinese ambassador to Angola calls for better investment climate

    CHINA, 2017/01/23 The government of Angola should seek to strengthen the investment climate in the country and improve it in order to attract additional foreign companies, the Chinese ambassador to Angola said on Thursday in Menongue. At the end of a short visit to Kuando Kubango, Cui Aimin, who did not provide figures, said that China will invest in the province in the areas of agriculture, hotels, tourism and construction of infrastructure.
  • Heirs Holdings and Banque Centrale Populaire of Morocco Sign Investment MOU

    MOROCCO, 2016/12/08 Yesterday, King Mohammed VI of Morocco and President Muhammadu Buhari met at the Presidential Villa to sign bilateral agreements, aimed at strengthening economic ties between Morocco and Nigeria The agreements cover the areas of investment, training, youth skills-building, oil and mining, tourism, infrastructure, banking, finance, insurance and logistics and represent the desire on the part of both countries to deepen political and economic ties.
  • Five tips for spotting overlooked African investment opportunities in 2016

    AFRICA, 2016/01/10
  • Investor uncertainty around president’s power play in DRC

    CONGO KINSHASA, 2015/12/18 With elections for a new president due in less than a year, the attempts of president Joseph Kabila to extend his term limit are aggravating perceptions of political risks in the Democratic Republic of Congo (DRC). Mining companies and other foreign investors are watching closely - and nervously. Despite marked improvements in governance and political stability over the completed few years, the Congo has from presently on to see a peaceful transfer of power since independence from Belgium in 1960. Throughout 2015, Kinshasa, the capital, and other Congolese cities have been rocked by deadly protests next Mr Kabila tried to alter the country’s constitution in order to run for a third term. His opponents accuse him of attempting a constitutional coup.
  • Economic Commission for Africa and the African Development Bank Jointly Launch Two Reports

    AFRICA, 2015/11/15 "Major economic evolution is possible in Africa and can lead to development in the standard of living but we must work on structural transformation so that Africans can benefit from their economies," declared Mr. Germaine Kambinga Katomba, Minister of Industry in the Democratic Republic of Congo during the joint launch of the Mutual Review of Development Effectiveness Statement and the African Competitiveness Statement. Mr. Katomba said Africa has improved its competitiveness and has reduced inequality and poverty but its focus should remain on transformation that will have a tangible impact on these factors. Despite the increase a lot of African economies experience, gender inequality, a fact which slows increase and productivity, persists, he said.
  • The Africa Enterprise Challenge Fund (AECF)

    AFRICA, 2015/09/29 Almost 7 million Africans have benefited from a fund that seeks to boost entrepreunership in the region in 2014, according to a statement released on Tuesday. The Africa Enterprise Challenge Fund (AECF), set up in 2008, has funded projects that generated around 117 million U.S. dollars for poor households in 2014 alone, said the statement released on the sidelines of the on-going 2015 Africa Green Revolution Forum in Lusaka, the Zambian capital. The fund as well helped create 5,100 jobs in supported businesses, providing improved access to clean, sustainable energy to over 200,000 families since 2008, the statement said.
  • Russian bank cancels merger of subsidiary with Angolan bank

    ANGOLA, 2015/09/29 Russia’s VTB bank has cancelled the merger of its branch in Angola – VTB Africa – with Angolan bank Banco Privado Atlântico, according to the Reuters news agency, citing a statement issued Thursday in Moscow. “The two sides agreed to continue in the banking business separately due to changing market conditions,” the statement said. In early 2014, the Russian bank announced that together with Russian conglomerate Rostec it would acquire a 20 % stake in Banco Privado Atlântico.