On the Money - In brief

Mergers, Acquisitions and Financial Results

- Two indigenous software companies, SystemSpecs and Maxim-Pro, have signed a Memorandum of Understanding (MOU) to assist over 125 microfinance banks (MFBs) in Nigeria. According to the statement, the MOU entails the seamless integration of microfinance banks with e-transactions and the training of the banks' key personnel.

- McGregor BFA has announced that it has expanded its portfolio of market data to now include 17 African stock exchanges. McGregor BFA provides stock market, research data and news to the financial sector and the corporate market both in South Africa and Internationally. This includes price data for 559 companies from 13 exchanges, and the Library Africa product covers 17 exchanges and 270 individual companies at this stage.