Finance & Banking
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Co-operative Bank of Kenya gets US$ 25mln for women-led MSMEs
NAIROBI, May 6, 2024 – The Co-operative Bank of Kenya has received a US$ 25 million long-term loan from a German fund DEG for lending to women-led micro, small and medium sized…
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New CMN rules could boost consolidation for Brazilian cooperative credit system
By Claudio Gallina RIO DE JANEIRO/SAO PAULO, May 3, 2024 – Fitch Ratings views the enactment of the National Monetary Council [ CMN ] Resolution No. 5,131 [R5131] as a positive regulatory…
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IsDBI issues annual report highlighting innovative solutions for Islamic finance and development
RIYADH, May 2, 2024 – The Islamic Development Bank Institute [IsDBI] has issued its annual report for the year 2023, showcasing its activities and accomplishments in Islamic finance transformation and creative solutions…
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Kenyan farmers get fertiliser boost with US$ 2mln AFFM credit guarantee
NAIROBI, April 28, 2024 – In a significant step to advance food security in Kenya, the Africa Fertiliser Financing Mechanism [AFFM] on Friday launched a project that will help deliver nearly 8,000…
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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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