diaspora
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News
Afreximbank to double Creative Africa Nexus funding to US$ 2bln to boost Africa’s creative economy
ALGIERS, October 21, 2024 — President and Chairman of the Board of Directors of Afreximbank, Pro. Benedict Oramah, has announced that Afreximbank will increase its funding to the Creative Africa Nexus [CANEX]…
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News
AfDB, partners launch US$ 5.2mln project to help catalyse diaspora investment in eight African countries
ADDIS ABABA, June 14, 2024 – The African Development Bank [AfDB], the African Union Commission [AUC], and the International Organization for Migration [IOM] have signed a protocol agreement for US$ 5.2 million…
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News
Fidelity Bank Nigeria completes acquisition of Union Bank UK
CAIRO, June 11, 2024 – African Export-Import Bank [Afreximbank] has announced the disbursement of a US$40-million Intra-African Investment Facility to Fidelity Bank Nigeria Plc to support Fidelity Bank’s acquisition and recapitalisation of…
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Cooperatives & Communities
Govt to formulate bill addressing challenges affecting cooperatives
MACHAKOS, May 8, 2024 – According to the Kenya News Agency, the Government of Kenya is set to formulate a new law to protect investors in the cooperative sector. The law aims…
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Africa
U.S. – African Leaders Summit 2022 to enrich cooperation on shared global priorities
KAMPALA-Heads of state and leaders from across the African continent will from December 13-15, 2022, converge in Washington D.C., within the context of the United States [ U.S. ] – Africa Leaders’…
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East Africa
EAC to set up Diaspora desk to facilitate investment and trade in the region
ARUSHA – The East African Community [EAC] is setting up a Diaspora desk that will focus on facilitating East Africans living in the diaspora to invest and trade in the region. EAC…
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Finance & Banking
Housing Finance Bank Uganda eases trading as it unveils gov’t securities portal
KAMPALA-Housing Finance Bank Uganda has launched the government securities portal for customers who invest in treasury bonds and bills to help government raise funds for its development activities. In 2020, the Bank…
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Development
Tayebwa makes case for diaspora bonds
CALIFORNIA-Ugandans living in the diaspora could soon begin trading in government treasury bonds. This is after Deputy Speaker, Thomas Tayebwa pledged to lead efforts to establish diaspora bonds. Tayebwa made the pledge…
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