Bloomberg The African Development Bank plans to increase its loans to Nigeria by more than $2 billion next year with investments in energy, infrastructure and agriculture, its President Akinwumi Adesina said. “The total portfolio we have in Nigeria is $6 billion,” Adesina said in a Jan. 18 interview in Abuja, the capital. “We expect that by the year 2019, we ...

Bloomberg Foreign-currency trading on Egypt’s interbank system has climbed to $14.5 billion since the November 2016 decision to float the currency, central bank Governor Tarek Amer told Bloomberg. Bank trading in dollars — almost non-existent before the float — had reached $9 billion in September. The 60 percent rise since then reflects growing confidence in the economy after reforms aimed ...

Bloomberg Europe’s financial technology startups are on hiring mode, fighting each other – and the incumbents — in what one executive described as a “war for talent.” Payments company GoCardless Ltd., which employs 170 people in London, will open a Paris office in February, said chief product and technology officer Carlos Gonzalez-Cadenas. Online lender LendInvest Ltd. said it will make ...