Africa
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Madagascar: ADF approves a grant of over US$ 9mln to strengthen protection and sustainable use systems for natural capital and ecosystems
ABIDJAN, December 21, 2024 — The Board of Directors of the African Development Fund [ ADF ] – the African Development Bank Group’s concessional financing window – approved a donation of $9.42 million to…
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Museveni launches AfCFTA implementation strategy for Uganda, commissions free zones export facility in Entebbe
ENTEBBE, December 20, 2024 – President Yoweri Museveni early this week, 2024 commissioned the free zones export facility at Entebbe International Airport and also launched the African Continental Free Trade Area [AfCFTA]…
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PAFO and AfDB strengthen partnership to support small-scale farmers
ABIDJAN, December 19, 2024 — The Pan African Farmers’ Organisation [PAFO] and the African Development Bank [AfDB] are strengthening their collaboration to enhance support for small-scale farmers across Africa. A PAFO delegation…
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African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award
RABAT, December 15, 2024 — In a milestone celebration of African leadership, Dr. Akinwumi Adesina’s decade-long impact on continental development has earned him the inaugural “African of the Decade” award. The African…
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Higher commodity prices drove up public revenues in Africa in 2022
KAMPALA, December 13, 2024: Tax revenues rose across African countries on average in 2022 due to higher commodity prices, according to new data published early this week. Revenue Statistics in Africa 2024…
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AfDB Group to extend facilities worth US$ 200mln and ZAR 3.6bln to Standard Bank Group to increase trade in Africa and support SMEs
PRETORIA, December 13, 2024 — The Board of Directors of the African Development Bank Group [AfDB] has approved two financial facilities for South-Africa based Standard Bank Group to support economic development in…
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Ecobank and the IFC partner to empower Ivorian women’s businesses
CASABLANCA, December 11, 2024 — Ecobank Côte d’Ivoire, part of the leading pan-African financial services group, has signed a landmark Memorandum of Understanding [MOU] with the International Finance Corporation [IFC] to roll…
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Banks sign partnership agreement to strengthen trade finance in Africa
RABAT, December 7, 2024 — The African Development Bank [AfDB], and the Eastern and Southern African Trade and Development Bank [TDB] have signed an agreement for a US$ 150 million Trade Finance…
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AfDB approves US$ 170mln for Egypt’s largest wind energy project
ABIDJAN, December 4, 2024 — The Board of Directors of the African Development Bank [AfDB ] has approved a loan of up to US$ 170 million to support the development of the…
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Standard Chartered explores sale of retail banking businesses in Uganda, others
KAMPALA, November 28, 2024 – Standard Chartered PLC is exploring the potential sale of its Wealth & Retail Banking [WRB] operations in Uganda, Botswana, and Zambia. The bank plans to refocus its…
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