August 18, 2017/Barclays Africa Group Absa Bank Limited (www.Absa.co.za), a subsidiary of the Barclays Africa Group (BAGL) (www.BarclaysAfrica.com), has successfully concluded a five year $100 million Special Facility Agreement with the China Development Bank (CDB). This is the first major transaction between the two lenders and is geared towards providing […]
Money Market
Naira to weaken further as dollar demand increases
August 18, 2017/Punch Oyetunji Abioye The naira is seen weakening against the United States dollar on the black market in the coming days as demand for the dollar increases. Stakeholders and industry analysts, however, said the local unit was expected to trade within a range on the investor and exporters […]
Egypt’s first bitcoin exchange to begin trading this month
17/8/2017/Reuters By Eric Knecht Egypt’s first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt said, linking the Middle East’s most populous country with a cryptocurrency that has surged in value in recent months. Many governments around the world are still mulling how to regulate and […]
