Blog: Current Business Issues in Africa
The Rise of African Multinational Enterprises and their contributions to the development of Africa
By Ebimo Amungo African Founded Multinational Enterprises have been doing majority of the work that is accelerating the development of Africa in the past two decades. This includes increasing food and agricultural production, increasing value added manufacturing, building infrastructure, increasing access to finance and capital for entrepreneurs, creating pathways for African integration through increased intra-African … Continue reading The Rise of African Multinational Enterprises and their contributions to the development of Africa
Nigeria’s Access Bank Completes Acquisition of Transnational Bank
by Wandiri Gitogo Nigerian lender, Access Bank has completed 100 per cent acquisition of Kenyan Tier3 lender, Transnational Bank effective February 1, 2020. Central Bank of Kenya (CBK) reports that the deal fell through following approvals by relevant bodies. Cbk gave a nod on 24 December 2019 with Treasury the following suit on January 6 2020.