The African Export-Import Bank (Afreximbank) and the Emerging Africa infrastructure Fund (EAIF) were senior lenders, with the latter also acting as a mezzanine lender. The senior debt facility makes up the majority of the US$297mn project cost; the outstanding balance was obtained via a mezza...
Black and African Americans face unique financial barriers. Here are expert advice and solutions to help build wealth and overcome the racial wealth gap.
Standard Bank of South Africa Ltd v Clulow: Enforceability of suretyship and role of Certificates of Balance Insurance View more Evidence, Witness Testimony and a Caution (UK) ByDonald Dinnie These comments by Mr Justice Leggatt in the UK high court, on caution to be adopted where evidence is...
Deutsche Bank As Germany’s largest bank, Deutsche Bank has a significant international presence. It is involved in investment banking, asset management, and retail banking. For customers, Deutsche Bank offers a range of checking accounts, credit cards, and loan options. Deutsche Bank is well-...
Bank stress tests – the post Covid agenda In the early 1990s, stress tests became a popular internal tool for international banks to examine risks and gain a better understanding of threats to the institutions’ balance sheet. From there, the Basel Accord was amended in the mid- ’90...
BUSINESS REVIEW Chairman's Statement CEO's Report 18 STRATEGY AND BUSINESS REVIEW ANNUAL REPORT AND ACCOUNTS 2017 Chairman's statement Introduction Distinguished Fellow Shareholders, It is my pleasure to present the annual report of our Bank, United Bank for Africa Plc, for the 2017 financial year...
TODAY'S BIRTHDAY (June 12). The fruits of your labor are big and juicy this year! Work is so much more than a means to an end — but your bank balance still matters. By this time next month, you'll have that padding you need to take a leap of faith. Your graceful accep- ...
plus costly finance add up to ensure unpredictable costs are par for the course in Africa. Things are improving at least on the latter point, he said, adding: “Three years ago, if you tried to get a loan from a Nigerian bank for solar, they would say ‘Solar? I can’t use that ...
“Notes of the Bank of France would suit me better,” he answered. “Very well,” I replied. “I will go out and get them.” How very unsuspicious some people are! He allowed me to go off–with the stones in my pocket! Sir Charles had given me a blank cheque, not exceeding two...
As the second-fastest growing region in the world, Africa has enjoyed robust economic growth in recent years. However, that progress has not been enough to make up for the lost decades of economic stagnation that preceded the recent recovery. Also, the benefits of...