Finance & Banking
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AfDB’s sovereign portfolio retains top spot in 2024 Aid Transparency Index
ABIDJAN, July 17, 2024 – Publish What You Fund, the global campaign for aid and development transparency, has once again named the African Development Bank’s [AfDB] sovereign portfolio as the most transparent. The…
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Nigeria’s food importation policy could destroy country’s agriculture, warns AfDB boss
ABUJA, July 16, 2024 – The President of the African Development Bank Group [AfDB] Dr. Akinwumi Adesina has said the decision by Nigeria’s government to allow massive food importation risks destroying the…
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ICBA signs MoU with Tilburg University to improve the data it holds on members
UTRECHT, July 13, 2024 – The International Cooperative Banking Association [ ICBA ] recently agreed a memorandum of understanding [MoU] with Tilburg University, to improve the quality and quantity of data it…
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Oikocredit announces EUR 2.4mln loan to support SMEs in Indonesia
AMSMERFOORT and JARKATA, July 6, 2024 – Netherlands’s Social investor Oikocredit and Validus Group, a Singapore-based digital financing platform, have partnered to provide small and medium-sized enterprises [SMEs] in Indonesia with accessible…
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Money lenders, SACCOs warned against holding clients’ IDs as collateral
KAMPALA, June 28, 2024 – Money lenders and, Savings and Credit Cooperatives [SACCOs] in the country that have a habit of holding on to national identity cards [ IDs] of their clients…
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Centenary Bank says when women are given opportunity for financial inclusion, they can do miracles
KAMPALA, June 28, 2024 – The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) Bank of the Year 2024, Centenary Rural Development Bank exemplifies the spirit of this year’s…
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AfDB secures US$ 18mln GEF funding for Zambezi Basin and E-waste projects
ABIDJAN, June 27, 2024 – The African Development Bank [AfDB] has secured more than US$ 18 million in funding from the Global Environment Facility [ GEF ] for two major projects aimed…
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Norinchukin Bank’s losses expected to grow to US$ 9.5bln
TOKYO, June 29, 2024 – Norinchukin Bank is expected to report US$ 9.5 billion [1.5 trillion yen] in net losses for the current fiscal year, about triple the projection given less than…
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AfDB, WFP project boosts wheat production in war-torn Sudan amid soaring hunger
PORT SUDAN, June 22, 2024 – An emergency wheat production project in Sudan financed by the African Development Bank and executed by the United Nations World Food Programme [ WFP] has increased…
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Geopolitical risks continue to loom over central bank FX reserves
LONDON, May 19, 2024 – Two surveys of central bank foreign exchange reserve managers have been published in recent weeks – both of which highlighted that geopolitical risks were now considered to…
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