Finance & Banking
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AfDB invests US$ 20mln in infrastructure fund to catalyse continental development
ABIDJAN, August 2, 2024 – The African Development Bank [AfD] has signed a US$ 20 million equity investment in the African Infrastructure Investment Fund 4 [AIIF4]. The deal, signed on 31 July…
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Money Laundering: Afreximbank to host International Compliance Forum for Africa
CAIRO, August 1, 2024 – To improve global trade in Africa and align with international regulatory and compliance standards, African Export-Import Bank [Afreximbank], in partnership with the Inter-Governmental Action Group against Money…
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African Development Bank launches 54 Country Focus Reports
ABIDJAN, July 31, 2024 – The African Development Bank Group [AfDB] has launched Country Focus Reports designed to deepen policy dialogue on the macroeconomic performance and outlook of individual countries and to act…
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UDB sees growth in output value as govt puts in more cash
KAMPALA, July 25, 2024 – The government-owned Uganda Development Bank [ UDB ] has achieved a remarkable 71 percent year-on-year growth in output value, increasing from Shs 3.4 trillion in 2022 to…
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EAC embarks on upgrading Lwakhakha to One-Stop Border Post
BUSIA, July 23, 2024 – The East African Community [EAC] together with Kenya and Uganda is in the process of upgrading the Lwakhakha border post into a One-Stop Border Post [OSBP] as…
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The Second National Microfinance and Savings Groups Conference 2024 underway Kampala
KAMPALA, July 17, 2024: The Finance ministry together with stakeholders in the microfinance sector is holding the Second National Microfinance and Savings Groups Conference 2024 from 17th to 18th of July, 2024…
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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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