April 17, 2019

Tanzania’s NIT to receive US $83.5m for its transformation into a university

The National Institute of Transport (NIT) in Tanzania is set to receive US $ 83.5m from the World Bank and the Chinese government to cater for the institution’s upgrade to a university.

The ministry of finance"...

April 17, 2019

Kuwait’s population growth eases led by slowdown in expat growth: NBK Report

KUWAIT: Population growth hovered near multi-year lows in 2017 and 2018, led by historically weaker growth in the number of expatriates as Kuwaitization efforts and higher administrative fees put a damper on expat hiring activity.

According"...

April 17, 2019

Bank of America Reports First-Quarter 2019 Financial Results

Bank of America reported its first-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia."...

April 17, 2019

Moody’s Acquires Majority Stake in Vigeo Eiris, a Global Leader in ESG Assessments

Moody’s Corporation (NYSE: MCO) announced today that it has acquired a majority stake in Vigeo Eiris, a global leader in Environmental, Social and Governance (ESG) research, data and assessments. The acquisition furthers Moody’s objective of promoting global standards for ESG"...

April 11, 2019

Nigerian Lender Fidelity Bank Appoints Three New Directors

Fidelity Bank, an emerging Nigerian lender, has announced the appointment of three new executive directors. The Board, which met in Lagos, approved the appointments of Gbolahan Joshua as Executive Director/Chief Operations and Information Officer; Obaro Odeghe, Executive Director, Corporate"...

April 10, 2019

Machine Learning Will Become Reality In The Near Future 

• Huge opportunities for better business intelligence and across a range of activities carried out by accountants

• Adoption of machine learning needs to be based on legitimate business need rather than just wanting to be seen as using AI

• Ethical"...

April 7, 2019

World Bank agrees to assist and attend Kenya’s digitalization for an innovative agriculture

NEWSROOM (ADV) – The World Bank has partnered with Kenya’s ministry of agriculture to facilitate deployment of digital platforms that can be harnessed by small-holder farmers to boost crop yield, officials said on Friday.

Dina"...

April 7, 2019

KCB deal gives Imperial Bank depositors access to more money

Regional lender KCB Bank has made a final offer for troubled Imperial Bank in a deal that could see depositors recover more of their savings.

KCB had requested a modification of its binding offer last month after"...

April 4, 2019

CBL, HCS discuss Libya economic affairs

A meeting was held on Tuesday between the Governor of the Central Bank of Libya (CBL), Saddek Elkaber and President of the High Council of State (HCS), Khalid Al-Mishri to discuss developments on the ground including the National Conference, to be held mid-April in the Libyan city of Ghadames.

April 4, 2019

Emirates NBD to pay $2.8bn for Turkey's Denizbank controlling stake

Emirates NBD, Dubai’s biggest bank, agreed to pay 15.48 billion Turkish lira ($2.8bn) to Russia’s Sberbank to buy its stake in Turkish lender Denizbank, sending its shares soaring to the highest in nearly a decade as it saves over $400 million in the revised sale price as the"...