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Standard Bank Becomes First African Bank to Offer China’s Cross-Border Interbank Payment System
China's alternative to the SWIFT international payment network is now available in Africa, following the announcement by Standard Bank, the continent's largest bank in terms of assets, as the first institution to offer the Cross-Border Interbank Payment System (CIPS). This is ...
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Stanbic Bank Kenya Unveils New Measures to Boost Trade With China
Stanbic Bank Kenya, a subsidiary of Standard Bank — Africa's largest bank by assets, announced a series of initiatives aimed at fostering closer commercial ties between Kenya and China. Among the key announcements at the Chinese Economic Forum held ...
Ghana Announces Debt Deal
Ghana announced a deal with its official creditors that would push back loan repayments until 2026. The government also says it will strike a deal with Eurobond investors for a new deal on $13 billion of private sector debt. Speaking at ...
South Africa’s Standard Bank Wants to Exit a Once-Legendary Joint Venture with Chinese Mega-Bank ICBC
Standard Bank, one of South Africa’s major banks, is looking to exit a joint venture with the Industrial and Commercial Bank of China (ICBC.) The joint venture, the London-based ICBC Standard Bank Plc (ICBCS), long represented the largest Chinese investment on the continent.
It Can Be Hard to Tell If Kenya Is Managing Its Debts Well or If It’s In Danger of Debt Distress… Or Both
Confusing, even contradictory messages have been coming out over the past week about Kenya's debt sustainability. On the one hand, the Treasury is reporting that debt servicing obligations have fallen by $634 million, including to the China Exim Bank, due to deferrals and repayments ...
The electric bus that the School of Nations in Kenya acquired from BasiGo. The refurbished bus is an indicator of the potential of the second-hand vehicle market for EVs. Photo / BasiGo
This is a free preview of the upcoming Africa EVs Weekly Digest, part of the new CGSP Intelligence service. Different forms of electric vehicle (EV) technology innovations are occurring in different African countries. As newer technology arrives, there is a small shift in ...
Standard Bank Becomes First African Bank to Offer China’s Cross-Border Interbank Payment System
China's alternative to the SWIFT international payment network is now available in Africa, following the announcement by Standard Bank, the continent's largest bank in terms of assets, as the first institution to offer the Cross-Border Interbank Payment System (CIPS). This is ...
Stanbic Bank Kenya Unveils New Measures to Boost Trade With China
Stanbic Bank Kenya, a subsidiary of Standard Bank — Africa's largest bank by assets, announced a series of initiatives aimed at fostering closer commercial ties between Kenya and China. Among the key announcements at the Chinese Economic Forum held ...
Ghana Announces Debt Deal
Ghana announced a deal with its official creditors that would push back loan repayments until 2026. The government also says it will strike a deal with Eurobond investors for a new deal on $13 billion of private sector debt. Speaking at ...
South Africa’s Standard Bank Wants to Exit a Once-Legendary Joint Venture with Chinese Mega-Bank ICBC
Standard Bank, one of South Africa’s major banks, is looking to exit a joint venture with the Industrial and Commercial Bank of China (ICBC.) The joint venture, the London-based ICBC Standard Bank Plc (ICBCS), long represented the largest Chinese investment on the continent.
It Can Be Hard to Tell If Kenya Is Managing Its Debts Well or If It’s In Danger of Debt Distress… Or Both
Confusing, even contradictory messages have been coming out over the past week about Kenya's debt sustainability. On the one hand, the Treasury is reporting that debt servicing obligations have fallen by $634 million, including to the China Exim Bank, due to deferrals and repayments ...