Finance & Banking
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Sierra Leone and AfDB target US$ 90bln in annual illicit financial flows
FREETOWN, July 27, 2025 — A four-day high-level seminar concluded last week with concrete recommendations to combat the estimated US$ 90 billion that Africa loses annually to illicit financial flows, as the…
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Private sector credit growth remains flat as lending rates rise – report
KAMPALA, July 27, 2025 — Growth in Uganda’s private sector credit remained largely subdued between April and May 2025, even as lending rates edged higher, according to the Performance of the Economy…
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Benin: AfDB approves over US$ 30mln to protect farmers from climate shocks and food insecurity
ABIDJAN, July 26, 2025 — The Board of Directors of the African Development Bank Group [AfDB] has approved US$ 30.25 million in financing for a groundbreaking climate protection and agricultural sector resilience…
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BoU raises Shs 1.86trn from treasury bills and bonds in June 2025
KAMPALA, July 24, 2025 — Uganda’s domestic debt market remained active in June 2025, with the government through Bank of Uganda [BoU] raising Shs 1.86 trillion from three auctions of treasury bills…
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Over 50 SACCOs face auction over Ksh 1.36bln in unpaid KUSCCO loans
NAIROBI, July 24, 2025 — At least 58 Savings and Credit Cooperatives [SACCOs] across Kenya are at risk of losing their assets through auction after defaulting on loans totaling Ksh 1.36 billion…
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Africa: New bank leadership, capital strategies drive African mining investment push
CAPE TOWN, July 23, 2025 — Several African multilateral banks and financial institutions have undergone significant leadership transitions this year aimed at aligning financial strategies with the continent’s evolving development and industrialisation…
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AfDB approves €100mln to empower Morocco’s women and youth entrepreneurs in building inclusive and sustainable agriculture
RABAT, July 22, 2025 — The Board of Directors of the African Development Bank [AfDB] has approved a €100 million loan to support Morocco’s inclusive solidarity-based agriculture programme, focused on empowering women…
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IFC Issues Rwanda Franc “Umuganda” Bond to Support Rwanda’s Capital Markets
KIGALI, July 22, 2025 — In a move to support the development of Rwanda’s capital markets, the International Finance Corporation [IFC], a member of the World Bank Group, issued a 24 billion…
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Centenary Bank, Wagagai Coffee Farmers’ SACCO host friendly football match to raise cancer awareness
KAPCHORWA, July 21, 2025 — Centenary Bank, in partnership with Wagagai Coffee Farmers’ SACCO, held a friendly football match at Kaserem Primary School in Kapchorwa district, aimed at raising awareness about cancer…
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ADF supports climate-resilient rice value chains across West Africa
ABIDJAN, July 20, 2025 — The Board of Directors of the African Development Fund [ADF], the concessional funding window of the African Development Bank Group, on July 17, 2025 approved a US$…
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