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AfDB Signs Shs920bn Deal With ABSA To Address Africa’s Trade Financing Gap

 The African Development Bank (AfDB) has signed an unfunded $250-million (Shs920bn) Risk Participation Agreement (RPA) facility with ABSA - a pan-Africa financial institution with a solid presence in 12 African countries. The 3-year RPA facility was signed November 12, on the sidelines of the Africa Investment Form through its trade

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BankingFeaturedNews

African Development Bank Becomes A Shareholder In Africa Finance Corporation

Shareholding follows investment of $50 million in AFC’s equity by Bank Group; African Development Bank becomes second investment-grade Supranational Finance Institution to join and invest in AFC. Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, today announces that the African Development Bank Group, Africa’s highest investment-grade rated

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BankingFeaturedNews

Insurance Gets Juicier As Ecobank Becomes 20th Bank To Get Bancassurance License

Commercial Banks are increasingly adopting the sale and distribution of insurance products because selling them (insurance products) gives them a new and lucrative revenue stream without high new setup costs. Besides, this fee-based income is essentially risk-free since the bank simply plays the role of intermediary.  Insurance companies on the

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