Updates

What is FinTech?

Culled—Proshare March 20, 2017/PwC Financial technology—FinTech for short— describes the evolving intersection of financial services and technology. The term can refer to startups, technology companies, or even legacy providers. The lines are blurring, and it’s getting harder to know where technology ends and financial services begin. The term FinTech is […]

Kenya says has drawn down $800 mln syndicated loan

March 20, 2017/Reuters Kenya has signed an $800 million syndicated loan with four international lenders and the government has already drawn down the sum, a senior Treasury official said on Monday President Uhuru Kenyatta, who faces re-election in August, has raised borrowing since taking power in April 2013. Last week, […]

Egypt’s CIB completes $40 mln sale of investment banking unit

March 20, 2017/Reuters Egypt’s largest listed bank CIB said on Monday it had finalised the sale of a near 75 percent stake in its investment banking arm to a consortium of local and foreign investors in a deal worth 710.2 million Egyptian pounds ($39.5 million). Commercial International Bank (CIB) signed […]