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Africa Finance Corporation diversifies shareholders with new equity from Democratic Republic of Congo’s

Kindly leave a comment and share Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced that it has received a new equity investment from Rawbank, one of the Democratic Republic of Congo’s (DRC) leading banking and financial institutions. This equity injection is aligned with AFC’s strategy […]

News

African Development Bank approves $40m Trade Finance Transaction Guarantee Facility to Ethiopia’s Dashen Bank

Kindly leave a comment and share The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $40 million transaction guarantee facility to support Dashen Bank’s trade finance activities in Ethiopia. The Facility will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates’ import […]

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AM Best upgrades credit ratings of Lloyd’s

Kindly leave a comment and share Chuks Udo Okonta AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa-” (Superior) from “a+” (Excellent) of Lloyd’s (United Kingdom). The ratings reflect Lloyd’s balance sheet strength, which […]

News

Ekpo underscores benefits of gas development

*Hails NCDMB’s strides in local content development Kindly leave a comment and share Chuks Udo Okonta Amidst the clamour for good governance and reduction in the cost of living in the country, the Minister of State for Petroleum Resources (Gas), Hon Ekperikpe Ekpo has asserted the Federal Government’s firm determination […]

Insurance

NAICOM partners NDPC on data protection

Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has pledged to work with the National Data Protection Commission (NDPC) on data protection. The Commissioner for Insurance/CEO NAICOM Olusegun Omosehin, said this when he received in his office the National Commissioner/CEO National Data Protection Commission […]