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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 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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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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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 (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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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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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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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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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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The African Development Bank (www.AfDB.org) has appointed Desiré Jean-Marie Vencatachellum Senior Director of the Country Economics Department, effective 1st November 2023. A Mauritian national and seasoned development banker, Vencatachellum has more than thirty years of experience in strategic leadership on development economics and finance issues, particularly in Africa. He has excelled in leading large and […]
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