HAGUE, Netherlands, Capital Markets in Africa — The Dutch development bank, FMO, has provided a five year loan for USD 10 million from the MASSIF fund to VisionFund International (VFI), a global microfinance organisation. This transaction will especially benefit rural communities and female clients from VisionFund’s African microfinance institutions (MFIs). In addition, FMO has also provided a USD 275,000 Capacity Development (CD) grant to support VFI with an innovative approach to disaster resilient microfinance. VFI…
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HAGUE, Netherlands, Capital Markets in Africa — A diverse range of public and private organizations, including multinational companies, pension funds and development finance institutions are investing millions in Africa’s private healthcare sector. On the afternoon of Wednesday 16 December investors will take part in a ceremonial signing event at the Dutch Design Hotel Artemis in Amsterdam. International Finance Corporation (IFC), European Investment Bank (EIB), Netherlands Development Finance Company (FMO), Dutch Good Growth Fund (DGGF), ACHMEA…
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KAMPALA, Uganda, Capital Markets in Africa — Bank of Uganda kept the Central Bank Rate (CBR) at 17 percent on Wednesday, saying hikes of 6 percentage points since April had helped slow a rise in core inflation, according to the Monetary Policy Committee (MPC) Statement for December 2015 issued to the press by Professor Emmanuel Tumusiime-Mutebile, Governor Bank of Uganda. The MPC believe that the decision to keep the CBR unchanged is consistent with stabilising core inflation…
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LAGOS, Nigeria, Capital Markets in Africa — New Barclays Chief Executive Jes Staley is considering selling some or all of the British bank’s African operations as part of his strategic review, the Financial Times said. Staley has raised questions about the strategic fit of the large African business with the rest of Barclays, but no decision has been taken yet, the FT said on Wednesday, citing people familiar with the matter. Barclays declined to comment….
Read MoreMAPUTO, Mozambique, Capital Markets in Africa — The Bank of Mozambique has set an annual limit of 700,000 meticais (about US$13,600) for payments abroad using a credit or debit card issued by a Mozambican bank. The governor of the central bank, Ernesto Gove, had warned on Nov 30 that large sums of money were leaving the country through the unrestrained use of bank cards abroad, and that this type of spending had risen dramatically. The metical…
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Bamako, MALI, Capital Markets in Africa — Groupe Bank of Africa’s Mali office plans an initial public offering on the Bourse Regionale des Valeurs Mobilieres (BRVM) which would make it the first company from the West African nation to be listed on the Abidjan-based regional exchange. The bank, a subsidiary of Morocco’s BMCE Bank Group, will offer 400,000 shares on the BRVM from 17 December 2015 to 15 January 2016, it said in a statement published on Tuesday in the state-owned…
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