VENTURES AFRICA – Ghanaian businesses and customers will now be able to pay in cheques and have their accounts credited the same day, after the introduction of an Express Cheque clearing system in the country. The system was introduced by Ghana Interbank Payment and Settlement System (GhIPSS), a subsidiary of Ghana’s Central Bank set up [...]

VENTURES AFRICA – President Jacob Zuma warned on Thursday that the current labour strife in the mining sector ran the risk of running the South African economy into serious harm. He made this comment in the National House of Traditional Leaders in Parliament as the country was bracing itself for yet another wave of strikes [...]

VENTURES AFRICA – The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement with Advans Ghana Savings & Loans Limited (a local micro-finance institution) to expand access to the Business Edge training program for Small and Medium Scale Enterprises (SMEs) in Ghana. The program will help entrepreneurs gain the [...]

VENTURES AFRICA – The Board of Directors of the African Development Bank (AfDB) on Tuesday approved a $100 million unfunded Risk Participation Agreement (RPA) between the AfDB and Commerzbank AG under which the two banks will share the default risk on a portfolio of qualifying trade transactions originated by issuing banks in Africa and confirmed by [...]