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 [...]

VENTURES AFRICA – Investec, the Johannesburg and London-listed specialist bank and asset manager, on Thursday said it could perform much better should the state of global markets and economy recover. It made these comments as the bank released results for the year ending March, with interest income dropping to GBP2.1 billion ($3.16 billion) from GBP2.3 [...]

VENTURES AFRICA – The Southern African country of Angola – one of the fastest growing economies on the continent – as announced plans to launch a bourse in the next three years. According to Angola’s Capital Markets Commission (CMC), the launch could even be earlier if the privatisation of state-owned firms in the oil-rich country [...]