Shelter Afrique receives USD2.7m capital boost from Tanzania 

The Government of Tanzania has increased its stake in Shelter Afrique after paying USD2.7 million in additional capital, the pan-African housing development financier has disclosed. The Additional stake now takes Tanzania’s shareholding to 1.54% up from 0.3% held previously. Effectively, the … Continue reading Shelter Afrique receives USD2.7m capital boost from Tanzania 

Shelter Afrique extends US$9m housing loan to Wema Bank Plc as it completes plans for Local Currency Bond

Shelter Afrique Board has approved a line of credit worth US$9 million in housing loan to Lagos-based Wema Bank Plc.   The 7-year facility due for repayment in 2027 will be used for onward lending to developers and home buyers who … Continue reading Shelter Afrique extends US$9m housing loan to Wema Bank Plc as it completes plans for Local Currency Bond

Standard Chartered Bank bags two Global Trade Review (GTR) best deals for Trade Innovation in the 2021 awards

Standard Chartered Bank scooped two prestigious Global Trade Review (GTR) awards for trade innovation. The bank was awarded the best deals in Finance Transaction for pandemic relief in Africa and Tanzania Light Railway Project Financing. For the first award, Standard Chartered Bank’s was recognized for … Continue reading Standard Chartered Bank bags two Global Trade Review (GTR) best deals for Trade Innovation in the 2021 awards

Insights into the new IMF SDR allocation – What that means for Kenya – By Eva Wanjiku Otieno, Principal, Africa Strategy, Standard Chartered Bank

The IMF has proposed a USD 650bn increase to its existing Special Drawing Rights (SDR) reserves. This could triple existing SDR reserves, boosting the IMF’s international reserve assets for member countries around the world. This initiative seeks to provide additional … Continue reading Insights into the new IMF SDR allocation – What that means for Kenya – By Eva Wanjiku Otieno, Principal, Africa Strategy, Standard Chartered Bank