Jul 21, 2010 By Babajide Komolafe   The Board of Directors of the African Development Bank (AfDB) has approved a $25 million equity investment in the second New Africa Mining Fund.New Africa Mining Fund II (NAMF II) is an equity fund that invests in mining projects throughout Africa.   […]

  07.22.2010    Standard Bank Group Ltd, Africa’s largest bank, and two South African rivals may still be interested in buying stakes in distressed Nigerian banks after the sale drew closer this week.According to Bloomberg News, Standard Bank, the Johannesburg-based bank with operations in 17 African countries including Nigeria, is […]

  By Emele Onu, 07.22.2010    The International Finance Corporation (IFC) is to invest $170 million in First City Monument Bank (FCMB), a move the bank said is strategic for its next expansion programme.Managing Director and Chief Executive of the bank, Mr Ladi Balogun, said of the total fund, the […]