(AFRICAN EXAMINER) – African Development Bank (AfDB) has approved a €5.76 million grant to the Comoros to increase food production and enhance the resilience of its food system. The move comes as the country has experienced rising food prices due to the war in Ukraine. The grant funds will come from the African Development Bank’s […]
(AFRICAN EXAMINER) – The third edition for the Finance in Common summit ended on Thursday amid calls on the delegates to turn their commitments to do more in development financing for Africa into actions. This is coming ahead of the 2022 United Nations Climate Change Conference (COP27) next month. The public development banks meeting in […]
(AFRICAN EXAMINER) – European Investment Bank (EIB) has expressed its excitement over the strategic relationship and growing collaboration with the Development Bank of Rwanda (DBR). The BRD is Rwanda’s only national development finance institution with a mandate to ensure that the private sector plays its role in sectors critical to achieving the National Strategy for […]
(AFRICAN EXAMINER) – Affirmative Finance Action for Women in Africa (AFAWA), an initiative of the African Development Bank (AfDB), in collaboration with the Alliance for Financial Inclusion has introduced a new programme aimed at increasing financial inclusion for women-led enterprises across the African continent. The new initiative was presented to African Finance Ministers and Central […]
(AFRICAN EXAMINER) – Climate finance committed by major multilateral development banks (MDBs) rose in 2021 with over $19 billion committed to climate change adaptation finance, according to the Joint Report on Multilateral Development Banks’ Climate Finance, published on Friday. The report tracks the progress of MDBs in relation to their climate finance targets such as […]
(AFRICAN EXAMINER) – The Naira on Monday appreciated slightly against the dollar at the Investors and Exporters window, exchanging at N441.25. The figure represented an increase of 0.03 per cent compared with the N441.38 it exchanged for the dollar before the close of business on Oct. 14. The open indicative rate closed at N439.63 to […]
(AFRICAN EXAMINER) – Abidjan the capital city of Côte d’Ivoire is buzzing with activities as stakeholders and representatives of Public Development Banks (PDBs) from around the world converge for the kick- off of this year’s edition of Finance in Common Summit (FICS) today. The FICS is the global network of all PDBs, which aims to […]
(AFRICAN EXAMINER) – The pound jumped more than one percent against the dollar Monday as Britain’s fourth finance minister in as many months prepared to update on UK tax and spending plans that spooked markets in recent weeks. Sterling rallied 1.1 percent to $1.1293 ahead of Jeremy Hunt’s fiscal announcement due 1000 GMT. Hunt became […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) has approved a grant of $2.5 million to the Mozambican government to develop its renewable energy resources. The grant, which was obtained through the Sustainable Energy Fund for Africa (SEFA), administered by the Bank, will be used to implement the Mozambique Renewable Energy Integration Programme (MREP) in the […]
(AFRICAN EXAMINER) – The African Development Bank (AfDB) will on Monday host an online seminar to encourage African young entrepreneurs in the agriculture sector to enter for its 2022 edition of the AgricPitch competition. AgriPitch is a platform where the continent’s top agripreneurs vie for a share of $140,000 in seed funding prizes, a slot […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) has approved a $50 million Risk Participation Agreement (RPA) for Natixis, a French Bank to strengthen the development of trade in Africa. Natixis is the international corporate, investment, asset management, insurance and financial services bank of Groupe BPCE, the second largest banking group in France. It has business […]
(AFRICAN EXAMINER) – The Naira on Thursday exchanged at N441.83 to the dollar at the Investors and Exporters window, a depreciation of 0.26 per cent, compared with N440.67 to the dollar it exchanged on Wednesday. The open indicative rate closed at N439.70 to the dollar on Thursday. An exchange rate of N442 to the dollar […]
(AFRICAN EXAMINER) – With huge optimism and a firm belief in the vast economic potentials of Gombe State, Governor Muhammadu Inuwa Yahaya, scores another first, as he flags off the maiden Gombe Investment Summit tagged GoInvest 2022. At the opening ceremony of the three day conference with participants from Nigeria and outside the country, Governor […]
(AFRICAN EXAMINER) – The Naira on Tuesday exchanged at N441.17 to the dollar at the Investors and Exporters window, a depreciation of 0.46per cent, compared with N439.17 to the dollar at the close of business on Oct. 7. The open indicative rate closed at N439.40 to the dollar on Tuesday. An exchange rate of N414 […]
(AFRICAN EXAMINER) – First Bank of Nigeria Ltd., on Tuesday partnered Junior Achievement Nigeria (JAN) to implement the 22nd National Company of the Year (NCOY) competition. Mrs Folake Ani-Mumuney, Group Head, Marketing and Corporate Communications, FirstBank, said in a statement that the goal of JAN was to inspire senior secondary school students to start and […]
(AFRICAN EXAMINER) – President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has reassured that the African Development Fund’s Climate Action Window will provide 20 million farmers with access to climate-smart agricultural technologies. The African Development Fund (ADF) is the concessional window of the AfDB group. It contributes to the promotion of economic and […]
(AFRICAN EXAMINER) – As preparations for this year’s Africa Investment Forum Market Days gather momentum, expectations are high, particularly amongst the Forum’s founding partners and stakeholders in the financial sector. Taking place in Abidjan, Côte d’Ivoire, from 2 to 4 November, the Africa Investment Forum 2022 (AIF2022), will be Africa’s largest transactional investment marketplace. It […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) has approved a $15 million trade finance line of credit and $10 million transaction guarantee for FSDH Merchant Bank in Nigeria. FSDH will use the line of credit to provide loans to local enterprises in Nigeria. The $25 million package will help to reduce the trade finance gap […]
(AFRICAN EXAMINER) – Access Holdings Plc. has announced that its wholly-owned subsidiary, Access Bank Plc., has entered into a binding agreement with Montepio Holding SGPS S.A to acquire a 51 percent majority shareholding in Finibanco Angola S.A. Finibanco Angola S.A. is a profitable, well-capitalised full-service commercial bank with over 20 branches and around $300 million […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) has announced that it will be presenting its African Economic Outlook report for the 2022 fiscal year to Asian audiences. The African Economic Outlook is the AfDB’s premier flagship report that serves as a tool for economic intelligence, policy dialogue, and operational effectiveness. The theme for the report, […]
