All posts tagged "sub saharan africa"
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GTB acquires 70% shares of Kenyan bank
Guaranty Trust Bank (GT Bank) yesterday announced that it had reached an agreement to acquire a 70 per cent stake in Kenya’s Fina Bank Limited for $100 million (N16 billion). Fina Bank has total assets of $338...
- Posted July 19, 2013
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Jaiz Bank capitalisation hits N13bn
Jaiz Bank plc, Nigeria’s first non-interest bank has raised its authorized share capital to N13 billion and now has 10 branches after one and a half years of operation. The latest branch which was opened in Kastina...
- Posted July 18, 2013
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GE breaks ground for $250m manufacturing and assembly plant in Calabar
Following its announcement last year that it intends to invest $1 billion in Nigeria, General Electric (GE) has scheduled the groundbreaking for its $250 million manufacturing and assembly plant for Tuesday in Calabar. The ceremony will be...
- Posted June 16, 2013
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Africa’s food market can hit $1 trillion by 2030 – World Bank
A report released by the World Bank on Monday predicted that Africa’s Agricultural sector could become a $1 trillion industry by 2030, if governments and the private sector put up better policies and empower African farmers. According...
- Posted March 5, 2013