PTA Bank

Type: Organization

Name: PTA Bank

First reported May 13 2013 - Updated May 13 2013 - 1 reports

PTA Bank approves loan for fiber optic network

PTA Bank has approved a loan of US$11.5million to Burundi Backbone Systems Company S.M. (BBS) with a guarantee of US$1,767,058 for the construction of a national fiber optic network in the country. The financing was approved by the board members of PTA ... [Published Biz Community - May 13 2013]

Entities: PTA Bank, Burundi, Fiber Optic

First reported May 08 2013 - Updated May 08 2013 - 1 reports

Dubai Chamber

The perfect platform to bridge business communities

: Dubai aims to promote and strengthen bilateral trade between the city itself, the UAE and Africa, address the challenges hindering investment and forge relationships spanning continents and decades to comeTAGS: Africa, Dubai, agribusiness, business, ... [Published African Business Review - May 08 2013]

Entities: Dubai, Comesa, Dubai Chamber, Agriculture, United Arab Emirates

First reported May 06 2013 - Updated May 06 2013 - 1 reports

U.S. Sanctions Hit Olivine

THE US Office of Foreign Assets Control has intercepted a US$2 million loan Olivine Industries secured from PTA Bank because its majority shareholder, Industrial Development Corporation, is on the US sanctions list, sources said.Olivine, a consumer goods ... [Published AllAfrica.com - May 06 2013]

Entities: Olivine, Sanctions, PTA Bank, Zimbabwe, Recapitalization

First reported Apr 25 2013 - Updated Apr 25 2013 - 1 reports

Agro-industry problems

The agro-industry in Manicaland is facingâ€¨problems that require innovative strategies, says a formerâ€¨Confederation of Zimbabwe Industries president. CZIs past president and Tanganda Financeâ€¨Director, Henry Nemaire, said lack of finance, wage pressures ... [Published The Zimbabwean - Apr 25 2013]

Entities: Coffee, PTA Bank, Illegal

First reported Apr 08 2013 - Updated Apr 09 2013 - 2 reports

International Finance Corporation

Islamic banks break even and post growth in profit

Islamic banks posted growth in their profits last year as the faith-based banking concept becomes entrenched in Kenya’s financial sector. There are two fully-fledged Islamic banks — Gulf African Bank and First Community Bank — which were established in ... [Published Daily Nation - Apr 09 2013]

Entities: First Community Bank Corp, International Finance Corporation, PTA Bank, Istithmar World, Dubai Bank

First reported Dec 21 2012 - Updated Dec 21 2012 - 1 reports

African Development Bank

AfDB President Calls On African Economies to Tap Into Global Trade and Capital Markets

AfDB President, Donald Kaberuka, was a guest speaker at the Meeting of the Board of Governors of PTA Bank in Lusaka, Zambia on 19 December, 2012. He was invited to provide his assessment of the global economy and Africa's development.Although African ... [Published AllAfrica.com - Dec 21 2012]

Entities: African Development Bank, Donald Kaberuka, Capital Markets

Quotes

...2 million comprising of a direct loan and performance guarantee," said Tadesse. "It will have a significant development impact by facilitating e-government, tele-medicine and taking connectivity to rural areas."

PTA Bank approves loan for fiber optic network [Published Biz Community - May 13 2013]

...i-nationals in China, India and the Middle East and the extensive African diaspora who are desperate to return home and help their native countries. "This is a recent development, but a lot of people are young professionals, educated in the West, who have a lot of experience and are looking for opportunities within Africa. You see this entrepreneurial spirit. I'm regularly coming into contact with people opening data centres, mobile internet companies, app developers, all looking for that new market..."

East African Hope & Potential: Multi-Nationals, Entrepreneurs... [Published IDG Connect - May 07 2013]

"Olivine had secured US$2,1 million from PTA Bank but the money was intercepted by OFAC. It was meant for recapitalisation" said a senior official at the company

U.S. Sanctions Hit Olivine [Published AllAfrica.com - May 06 2013]

"The shareholders of the bank have always believed in a well-capitalised institution which is sufficiently funded for future expansion. In line with this approach, a revised shareholders' agreement was signed on February 28, 2013, which will see International Finance Corporation take a 15.2 per cent equity share in the bank."

Islamic banks break even and post growth in profit [Nation (. . . [Published Equities.com - Apr 08 2013]