Category: Business & Financial

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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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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Backbase

Backbase launches Grand Central, its new-gen integration solution, and dedicates $10 million fund to fuel innovation

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Backbase (www.Backbase.com), a leading Engagement Banking Platform provider, is thrilled to announce the launch of Grand Central, its groundbreaking Integration Platform-as-a-Service (iPaaS). This revolutionary offering is set to empower banks in expediting their modernization and digital transformation endeavors. Banks spend significant portions of their budgets and resources on creating, maintaining, and decommissioning point-to-point integrations across […]

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Organization of Petroleum Exporting Countries (OPEC) Roundtable Explores Africa’s Development Needs at African Energy Week (AEW) 2023

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Opening remarks by the Organization of Petroleum Exporting Countries (OPEC) Director of Research, Dr. Ayed Al Qahtani, kicked off a roundtable discussion at African Energy Week (AEW) 2023 ­– organized by the African Energy Chamber (https://EnergyChamber.org) – uniting OPEC and non-OPEC African explorers and producers to discuss the continent’s energy development needs, current market conditions […]

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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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African Development Bank appoints Desiré Jean-Marie Vencatachellum Senior Director, Country Economics Department

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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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African Energy Week (AEW) 2023 Unites Key Players During Invest in Angola Energies Spotlight Session

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The 2023 edition of the biggest gathering of energy stakeholders and policymakers on the continent, African Energy Week (AEW) – organized by the African Energy Chamber (http://www.EnergyChamber.org) – featured a country spotlight roundtable on Angola, showcasing the country’s abundant reserves and favorable business environment. Kicking off the session, heavy weights from Angola’s oil and gas […]

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