Search Results for: BANK

Angel investors commit US$350,000 to creative entrepreneurs at Afreximbank’s CANEX pitch session

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African Export – Import Bank’s (Afreximbank) (www.Afreximbank.com) Angel investors participating in a pitch session at the just-concluded CANEX WKND 2024 in Algiers have committed a total of US$350,000 in investment into the three best pitches presented at the competition. The pitch session, dubbed “CANEX Presents the Angels”, featured 12 creative entrepreneurs from 10 African countries […]

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Ecobank Group

Ecobank Group signs United Nations (UN) Women’s Empowerment Principles

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Ecobank (www.Ecobank.com), the pan-African banking group, has become an official signatory of the Women’s Empowerment Principles by UN Women and the UN Global Compact (WEPs), which provide guidance to the private sector on how to advance gender equality and women’s empowerment in the workplace, marketplace and community. Ecobank Group CEO, Jeremy Awori, announced the signature […]

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The African Development Bank

The African Development Bank approves up to $10 million stake in the Alliance for Green Infrastructure in Africa Project Development fund

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The Board of Directors of the African Development Bank Group (www.AfDB.org) approved the proposal to take an initial stake of up to $10 million in the “Alliance for Green Infrastructure in Africa – Project Development” (AGIA-PD) fund in Abidjan on 24 January 2024. Part of the Alliance for Green Infrastructure in Africa (AGIA), a $10 […]

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Ecobank

Ecobank Celebrates the Success of the TotalEnergies Confédération Africaine de Football (CAF) Africa Cup of Nations Côte d’Ivoire 2023

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As the 34th edition of the TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023 drew to a thrilling close on Sunday, Ecobank (Ecobank.com), the leading pan-African banking group, celebrates the remarkable achievements and spirit of unity witnessed throughout the tournament. Jeremy Awori, Chief Executive Officer, Ecobank Group, expressed his delight at the success of […]

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European Investment Bank

Conference of the Parties (COP28): European Investment Bank (EIB) Global presents first just resilience and just transition approach to meet needs of most vulnerable

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The EIB (https://www.EIB.org)is the first international financial institution to launch a just resilience approach to be applied from 2024 onwards; EIB is expanding its support for a just transition globally including through Just Energy Transition Partnerships and Team Europe initiatives in 9 pilot countries; the new approaches aim to support those most impacted by climate policies […]

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Africa Finance Corporation

Africa Finance Corporation Signs US$350 Million Long-term Line of Credit with African Development Bank for Infrastructure

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Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider on the continent, announced that it has signed a US$350 million long-term line of credit with the African Development Bank (AfDB). The agreement, which was signed during the ongoing 28th Conference of the Parties (COP 28), supports urgently needed financing for infrastructure projects to underpin sustainable […]

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Rand Merchant Bank (RMB): African Risk is not Fairly Priced – Governments Should Take Advantage

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Yield-chasing investors have poured money into the continent but an emerging, recent challenge for Africa is that in a now higher interest rate environment, investors don’t need to come to Africa to find higher returns. Even US treasuries are now yielding far more attractive yields than just a month ago: 3-month government bonds offer 5.32% […]

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Marrakech

Marrakech Meeting on Special Drawing Rights (SDRs) Rechanneling: Accelerating Development Finance Through Multilateral Development Banks

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The African Development Bank (AfDB) (www.AfDB.org), Inter-American Development Bank (IDB), the Rockefeller Foundation, and the Center for Global Development came together to co-host a high-level meeting on October 13th to discuss the rechanneling of Special Drawing Rights (SDRs) from contributing countries through Multilateral Development Banks (MDBs). The objective is to boost their development and climate […]

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Ecobank

Ecobank Day 2023 focused on the acquisition of digital skills by Africa’s children and youth

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The Ecobank Group (http://www.Ecobank.com), the leading pan-African banking group, celebrated the 10th anniversary of Ecobank Day, its flagship social impact event, last Saturday, October 21, 2023. To mark the occasion, Ecobank launched a three-year ‘Transforming Africa Through Education’ campaign, which it kicked-off with a focus on digital education and equipping children and youth with the digital skills […]

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African Development Bank appoints Dr Akinsola Babalola as Special Assistant to the President

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The African Development Bank Group (http://www.AfDB.org) has appointed Dr Akinsola Babalola, a banking and finance management professional, Special Assistant to the Bank Group President. Dr Babalola is a Nigerian citizen with over 20 years of experience across sub-Saharan Africa. Before joining the Bank, he was Assistant Vice President at Ecobank Transnational Incorporated in Lome, Togo, […]

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