Nigerian-based First City Monument Bank is working alongside MoneyGram International to set-up money transfer services across its 270 branches in Nigeria
Commerce
Uganda and Sweden strengthen ICT collaboration
Uganda and Sweden have been exploring initiatives to strengthen collaboration in ICT developments through investments and joint ventures in order to take advantage of potential within the sector
AGF secures US$25mn deal with Diamond Bank
African Guarantee Fund (AGF) has entered an agreement with Diamond Bank to support the lender’s microcredit to small businesses in the region
Ecobank extends Zimbabwe footprint
Pan-African bank Ecobank Transnational is seeking to open two more branches in Harare in a bid to further expand its Zimbabwean portfolio
MTN Zambia merges with MTN Business
Mobile communications solutions provider MTN Zambia has merged with Internet service provider (ISP) MTN Business to become one business entity