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Economic and Financial News

THE BANK AND THE DIGITAL REVOLUTION

Historians of science consider that the digital revolution underway is the fourth industrial revolution; the first was characterized by the use of the steam engine, the second was marked by the growth of electricity, oil and chemicals and the third by the development...

  AMF .

GHANA: THE RESULT OF THE BANKS RECAPITALISATION EXERCISE

the Bank of Ghana announced for the information of Banks and the general public that it has revised upward the minimum paid up capital for existing banks and new entrants from GHS120 Million to a new level of GHS400 Million or USD90 Million, effective Monday, Septemb...

  AMF .

ABRAAJ GROUP SELLS TO COLONY CAPITAL ITS ACTIVITIES IN AFRICA

After several months of dispute with its partners including the Bill & Melinda Gate Foundation and the International Finance Corporation, Abraaj Group has finally sold its private equity activities in Africa to Colony Capital, in order to get out of these disputes.

  AMF .

STARTUP OF THE OPERATIONS OF WENDKUNI BANK INTERNATIONAL IN BURKINA FASO

The newly created bank, WendKuni Bank International (WBI), opened in Ouagadougou on June 29, 2018, bringing to 14 the number of banks operating in Burkina Faso.

  AMF .

NSIA GROUP ACQUIRES DIAMOND BANK IN FRANCOPHONE WEST AFRICA

According to a press release dated November 30, 2017, The NSIA Group announces the takeover of DIAMOND Bank S.A., a subsidiary bank of the Nigerian Group DIAMOND plc. DIAMOND Bank S.A., holder of the single license, operates mainly in Benin, and through three branch...

  AMF .

INVESTISSEURS & PARTENAIRES LAUNCHES A NEW FUND: I&P AFRIQUE ENTREPRENEURS 2 (IPAE 2)

On the occasion of celebrating fifteen years of investment, Investisseurs & Partenaires (I&P), the impact investing group dedicated to Small and Medium Enterprises in Sub-Saharan Africa, has announced the first closing of IPAE 2, a new impact fund combining performan...

  Adapted from I&P Press Release daated on 11 December 2017 .

ORANGE EXPANDS INTO BANKING BUSINESS

Orange has launched on November 2, 2017 its banking offer in France. This 100% mobile-based offer is provided by Orange Bank.

  AMF .

THE BANK OF GHANA MORE THAN TREBLED MINIMUM CAPITAL REQUIREMENTS FOR BANKS

Bank of Ghana raised the minimum capital required for banks to 400 million GHS (or 91 million dollars), the highest level in ECOWAS after that of the Nigerian banks.

  AMF .

ALLIANZ EXPANDS AFRICAN FOOTPRINT WITH ACQUISITION OF ENSURE INSURANCE IN NIGERIA

Allianz Group announced on August 30, 2017 a binding agreement to acquire 98 percent of Nigerian insurer Ensure Insurance Plc. from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance Plc offers life and non-life insurance services and generat...

  Allianz Press Release .

GCB BANK LTD TAKES OVER UT BANK LTD AND CAPITAL BANK LTD

The Bank of Ghana announced in a press statement dated on August 14, 2017 that it has approved a Purchase and Assumption transaction with GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd. The Bank of Gha...

  Adapted from BoG Press Statement .

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