Mauritian bank SBM to put $60 million into Kenya’s Chase Bank
ABN - Mauritian banking group SBM Holdings is to inject an additional US$60 million of capital into Kenya’s Chase Bank, which has been in receivership for two years.
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DRC moves to dissolve Glencore-owned copper subsidiary
ABN - Glencore has confirmed that the Democratic Republic of Congo’s state-owned mining company has begun legal proceedings to dissolve one of its subsidiaries because of a capital shortfall.
Bank of England to strengthen financial links with three African banks
ABN - The Bank of England (BoE) is close to unveiling a new partnership with central banks in Ghana, Sierra Leone and South Africa, in a bid to boost financial links within the Commonwealth.
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