Finance & Banking
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Rwanda: ADF to provide a partial credit guarantee to support the financing of green and sustainable initiatives
ABIDJAN, April 25, 2024 – The Board of Directors of the African Development Fund [ADF], the concessional lending arm of the African Development Bank Group [AfDB], has approved a partial credit guarantee…
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Global commodity prices level off, hurting prospects for lower inflation
WASHINGTON, April 25, 2024 — Global commodity prices are leveling off after a steep descent that played a decisive role in whittling down overall inflation last year, which could make it harder…
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Africa’s US$ 824bln debt burden and opaque resource-backed loans hinder its potential, AfDB boss warns
WASHINGTON, D.C, April 24, 2024 – Africa’s immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries’ future growth, African Development Bank President Dr Akinwumi…
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Parliament stays rationalisation of key entities pending audit
KAMPALA, April 24, 2024 – The rationalisation of the Non-Performing Assets Recovery Trust [NPART] and Departed Asians Property Custodian Board [DAPCB] will only be concluded after an audit of the entities is…
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18th IsDB Global Forum to explore innovation, entrepreneurship and leadership in Islamic finance
JEDDAH, April 22, 2024 – The Islamic Development Bank [ IsDB ] Institute is to hold the 18th edition of the IsDB Global Forum on Islamic Finance in Riyadh, Kingdom of Saudi…
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World Bank: New financing tools receive major funding boost
WASHINGTON, April 20, 2024— New financial instruments designed to boost lending capacity and enable the World Bank Group to take on more risk for shared global challenges have received a significant endorsement.…
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JPMorgan Chase to deepen partnerships with AfDB
ABIDJAN, April 5, 2024 -African Development Bank Group [AfDB] Senior Vice-President Bajabulile Swazi Tshabalala, has held talks with top executives of JPMorgan Chase, the largest US bank, on potential partnership between the…
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Tayebwa hails BoU decision to keep Anne Juuko as Stanbic Bank CEO
KAMPALA, April 3, 2024 – The Deputy Speaker of Parliament, Thomas Tayebwa has backed the position of the Bank of Uganda [BoU] to reject a foreign national nominated by the Standard Bank…
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Economic inclusion project brings 25 institutions together to promote savings, financial inclusion
LIMA, March 30, 2024 —The USAID/WOCCU Economic Inclusion Project [EIP] days ago joined local partners to host a Global Money Week event in Lima, Peru featuring 25 financial institutions, public and private…
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AfDB approves US$ 50mln loan to support climate change resilience in Nigeria
ABUJA, March 28, 2024 – The Board of Directors of the African Development Bank Group [AfDB] approved a $50 million loan for the Yobe State Environmental and Climate Change Action Project [ECCAP]…
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