Omegascorpi [Beta] » Banks and Institutions

Kenya Bank Equity & China Development Bank Ink Deal

tape — Sun, 23 May 2010 21:29:47 +0000

Kenya’s leading Bank Equity and China Development Bank have announced a Kenya shillings 4 Billion credit facility for Small and medium enterprise businesses.The credit/loan facility will attract low interest rates of between 7% to 9 %

MKesho: Linking Banks and Mobile Payments (whiteafrican.com)

The Khan Academy Serie:Debt vs Equity

tape — Thu, 28 Jan 2010 19:41:44 +0000

Which way should companies (small and large) in Africa go ? should they borrow money from banks or should they go public (Safaricom,Ecobank,Bank of Africa) ?

U.S.-Based African Diaspora Entrepreneurs to Spur Job Growth in Their Native Countries with Innovative Business Plans (eon.businesswire.com)
Best Performing Stocks on the Nigerian Stock Exchange (omegascorpi.com)

Successful Execution of USD 1 Billion Bond Issue by African Development Bank

tape — Fri, 02 Oct 2009 11:32:18 +0000

The African Development Bank successfully executed a USD 1 billion benchmark global bond issue in the international market. The 3-year bond, lead managed by Credit Suisse, Deutsche Bank, Goldman Sachs and Morgan Stanley, was priced at mid swap flat and carries a coupon of 1.75%. [Story]

6.95% TPCI 2009-2014 Issued by the Ivory Coast Government (omegascorpi.com)
The New Economic Era (omegascorpi.com)
Kenya Bank Ranking 2008 (omegascorpi.com)

Oceanic Bank International

tape — Sat, 22 Aug 2009 11:37:56 +0000

Oceanic Bank International Plc, is a nineteen year old commercial bank with business offices located in several parts of Nigeria.
The bank units have been structured as follows:

Corporate Banking Group (CBG)
Treasury and Financial Institutions Group (TFIG)
Retail Banking Group (RBG)
Public Sector Group (PSG)

Oceanic Bank who is listed on the Nigerian Stock Exchange has a presence in the following markets:

Gambia

Ghana

Cameroon

Nigeria

Sao Tome

Their list of services and products include the following:Tax Collection,Project Finance,LPO Financing,Safe box service,Remmitance service,Land Acquisition Plan, Consumer Loan,E-ticketing Solution,M-Banking,Corporate Banking.See more here.

Acces Bank Cote d’Ivoire (omegascorpi.com)
Nigeria sacks heads of five banks (news.bbc.co.uk)

Central Bank of Nigeria (CBN) Strikes Hard

tape — Thu, 20 Aug 2009 11:09:13 +0000

: Image by Africaincorp via Flickr

The chief executive officers of Intercontinental Bank Plc, Mr. Erastus Akingbola; Sebastine Adigwe of AfriBank Plc; Okey Nwosu of Finbank Plc; Mrs Cecilia Ibru of Oceanic Bank Plc and Barth Ebong of Union Bank Plc were asked to step down from their respective position and are being replaced by John Aboh for Oceanic Bank Plc, Mahmud Alabi (Intercontinental Bank), Nebolisa Arah (Afribank), Suzanne Iroche (Finbank) while Funke Osibodu takes over at Union Bank Plc.

The CBN through stated that :

“The five banks were either perennial net takers of funds in the inter-bank market or enjoyed liquidity support from the CBN for long periods of time, a clear evidence of illiquidity. In other words, these banks were unable to meet their maturing obligations as they fall due without resorting to the CBN or the inter-bank market.”

Source

Omegascorpi [Beta] » Banks and Institutions

Kenya Bank Equity & China Development Bank Ink Deal

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The Khan Academy Serie:Debt vs Equity

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Successful Execution of USD 1 Billion Bond Issue by African Development Bank

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Oceanic Bank International

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Central Bank of Nigeria (CBN) Strikes Hard