Africa
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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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Uganda poised to benefit from COMESA electricity trade initiative
KAMPALA, November 27, 2024 – Uganda is set to gain from a lucrative electricity trade deal involving at least 15 countries through the Eastern Africa Power Pool [EAPP], an intergovernmental initiative aimed…
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Empower Women, Transform Communities: Join the YAMNA-RCAL Grain for Good Campaign
RABAT, November 18, 2024 — Resourced, a nonprofit dedicated to transforming food systems for an abundant future, launched the YAMNA-RCAL Grain for Good Campaign, running from November 1, 2024, to January 10,…
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Africa must strengthen accountability and governance to prosper – Botswana President Duma Boko
GABORONE, November 25, 2024 — Africa’s economic success and sustainability are intrinsically linked to accountable governance, Botswana’s President, Duma Boko, stressed at the opening of the 2024 African Economic Conference in Gaborone.…
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COMESA states urged to embrace the regional payments and settlement system
UZULWINI, November 24, 2024 — Central Banks in COMESA Member States have been called upon to utilise Regional Payments and Settlement System [REPSS] for intra-COMESA transactions, owing to its potential to enhance…
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ADF releases initial support of US$ 99mln to finance the development of rice cultivation value chains in West Africa
ABIDJAN, November 21, 2024 — The Board of Directors of the African Development Fund [ADF] has approved initial funding of US$ 99.16 million to develop regional rice cultivation value chains as part…
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African leaders want continent’s natural assets worth trillions of dollars to be part of measuring GDP of countries
BAKU, November, 19, 2024 – African Heads of State and government are calling for the continent’s vast natural capital to be considered when measuring their countries’ Gross Domestic Product [GDP]. In a…
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COP29: Lack of clean cooking access poses deadly risks for millions in Africa, leaders urge action
BAKU, November 15, 2024 — African policymakers and international partners meeting at this year’s UN Climate Change Conference, COP29 on Tuesday highlighted the urgent crisis posed by lack of access to clean…
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