Leading pan-African banking group Ecobank Transnational Inc. yesterday signed a landmark multi-country agreement with global payments technology company MasterCard to bring MasterCard’s payment solutions to more than 32 sub-Saharan African markets. It is a move that is expected to increase the acceptance and adoption of electronic payments in Africa.
Moody's Investors Service has today assigned a first-time foreign and local currency issuer rating of Baa1 to the West African Development Bank (BOAD). The outlook on the rating is stable.
The credit quality of sovereigns in Sub-Saharan Africa (SSA) over the next 12-18 months will be supported by strong infrastructure investment, structural reforms and competitiveness gains from currency depreciation, says Moody's Investors Service in its latest sovereign outlook for the region.
Nigeria, South Africa, and Kenya are planning to cross-list more exchange-traded funds (ETFs) on their stock markets to boost liquidity of the securities, Tamsin Freemantle, business development manager of the Johannesburg Stock Exchange (JSE) has disclosed.
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