Most Recent News

Akinwumi Adesina’s AfDB Commits $10 billion to Africa’s food sovereignty

Akinwumi Adesina’s African Development Bank Group will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself.

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European Investment Bank commits €50 million to support Nachtigal hydropower plant

The European Investment Bank has announced its strong support for the construction of a 420-MW hydropower project in Cameroon. The EIB will provide a EUR 50 million long-term project finance.

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The African Development Bank makes senior appointments

The President of the African Development Bank Group, Dr. Akinwumi A. Adesina, has announced new appointments to the Group: Director, Integrity and Anti-Corruption Mr. Alan Bacarese has been appointed the.

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UBA emerges most innovative digital bank

UBA Plc has been recognised as the ‘Most Innovative Digital Bank’ of the year in the digital category of the prestigious International Finance Awards organised by the International Finance Magazine..

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Zimbabwe: Bank Spends $20 Million On Residential Projects

The Infrastructure Development Bank of Zimbabwe (IDBZ) has spent $20 million in six months to June 30, 2018, on residential projects in Kariba and Hwange. Of the total amount, $14,8.

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Nigeria: Banks get N23 trillion deposits, engage 44,000 ‘casual workers’

The end month balance of the banking sector’s deposit base as at June 2018 was N23.21 trillion, indicating a level of liquidity at the disposal of the lenders for credit.

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Egypt’s NBE bank targets $2.5 bln external loans in FY2019

National Bank of Egypt (NBE) is looking to raise its foreign debt by $1 billion to reach $2.5 billion in financial year 2018/2019, vice chairman Yehia Abu Al Fotouh said..

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The Central Bank of Nigeria asks banks to submit bids for second Chinese yuan auction

The Central Bank of Nigeria (CBN) has asked banks to submit bids for the Chinese yuan in line with the regulator’s determination to meet foreign exchange demands at the retail.

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South Africa’s Land Bank says expropriation could cost the government R41 billion

The Land and Agricultural Development Bank of South Africa (LADBSA) has warned that land expropriation without compensation, implemented on farmland, will trigger a financial fright. As reported by Business Tech,.

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Co-operative Bank of Kenya eyes Sh200m stake in new mortgage firm company

Co-operative Bank of Kenya #ticker:COOP has set aside Sh200 million for a capital injection in the Kenya Mortgage Refinance Company (KMRC), a government-led unit that is meant to ease access.

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