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Afreximbank

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    • Prof. Benedict Oramah, President and Chairman of Board of Directors of Afreximbank with H.E. Dr. Ngozi Okonjo-Iweala, Director General of the WTO Secretariat
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Source: Afreximbank |

Afreximbank and the World Trade Organization (WTO) Secretariat harmonize efforts to develop trade in Africa

The MOU will afford the Bank and the WTO Secretariat the opportunity to expand and deepen their collaboration to support the cotton sector beyond the C4+ countries

Today, African Export-Import Bank (Afreximbank or “the Bank”) (www.Afreximbank.com) signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to amplify the impact of their strategically aligned joint efforts of promoting global trade leveraging Africa’s unique resource endowment. The MoU will allow the two organizations to pursue a…

Africa Finance Corporation (AFC)

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    • AFC partners with UNIDO and key global organizations to enhance sustainable industrialization and support Africa’s cotton sector through the 'Partenariat pour le coton' initiative (1)
    • AFC partners with UNIDO and key global organizations to enhance sustainable industrialization and support Africa’s cotton sector through the 'Partenariat pour le coton' initiative (2)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Signs Joint Declaration with United Nations Industrial Development Organization (UNIDO) and Backs Cotton Partnership at World Trade Organization's (WTO) Aid-for-Trade Global Review

The partnership will focus on constructing regional hubs for sustainable textiles to boost trade competitiveness and spur economic development within Africa’s cotton sectors

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has signed a joint declaration with the United Nations Industrial Development Organization (UNIDO) to enhance sustainable industrialisation and committed to support the 'Partenariat pour le coton' initiative, which seeks to enhance Africa’s role within the global textile and apparel…

Afreximbank

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    • Ms. Oluranti Doherty, Director of Export Development at Afreximbank (in yellow), and Mr. Leo Naut, Deputy Executive Director and Officer-in-Charge at CEDA (third from left), proudly showcase the signed collaboration MoU following the signing ceremony.
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Source: Afreximbank |

Afreximbank signs collaboration Memorandum of Understanding (MoU) with Caribbean Export Development Agency

The MoU is expected to result in increased trade and investment between Africa and the Caribbean, thereby encouraging mutual economic growth and development

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has entered into a Memorandum of Understanding (MoU) with the Caribbean Export Development Agency (CEDA) to formalise collaboration between the two institutions and provide a platform for exploring joint activities to support trade and investment flows between Africa and the Caribbean, and other collaborations. According…

African Energy Chamber
Source: African Energy Chamber |

Invest in African Energy (IAE) London Reception Secures Afreximbank as Finance Partner

The African Export-Import Bank will support project finance opportunities in Africa’s energy sector at the Invest in African Energy reception, organized by the African Energy Chamber

The African Export-Import Bank (Afreximbank) has signed on as a Finance Partner to the upcoming London reception organized by the African Energy Chamber (AEC) (www.EnergyChamber.org) on July 11, which serves as a prelude to the African Energy Week (AEW): Invest in African Energy 2024 conference this November. Afreximbank acts as…

The World Bank Group
Source: The World Bank Group |

Burkina Faso: Launch of two World Bank Economic Reports

The report suggests policy options including raising agricultural productivity, increasing the technological sophistication of firms, improving resource allocation and productivity through better transport, and achieving gender equality

The World Bank today launched (i) the Burkina Faso Economic Update and (ii) the Country Economic Memorandum (CEM). The Economic Update highlights recent economic trends in the country and analyzes the short- and medium-term economic outlook. Focusing on scaling up social assistance, the April 2024 edition, “Sustaining the Momentum of Social Assistance…

The World Bank Group
Source: The World Bank Group |

Uganda Should Improve Public Spending on Health for a More Productive Population

According to the 23rd edition of the Uganda Economic Update (UEU) released today, low inflation and recovery of real income and employment bolstered consumption, while private investment remained resilient

Economic activity in Uganda has remained resilient despite multiple successive shocks, with real gross domestic product (GDP) accelerating from 5.3% in FY22/23 to an estimated 6% in FY23/24, a new World Bank report notes. The expansion was driven by oil-related construction activity and the growth of the mining and quarrying…

African Development Bank Group (AfDB)

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    • AfDB Vice President and CFO Hassatou N'Sele (left) receives award from Sam McManus, Director, Uxolo, Development Finance; Athens June 2024
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Source: African Development Bank Group (AfDB) |

African Development Bank named Development Financial Institution of the year by TXF Global

The Bank was recognized for its first hybrid capital issuance made in January this year

The African Development Bank (www.AfDB.org) has received the prestigious Development Finance Institution (DFI) of the year award at the TXF GLOBAL 2024 Export, Project & Development Finance Conference, for being at the forefront of multilateral development bank (MDB) innovation. The Bank was recognized for its first hybrid capital issuance (https://apo-opa.co/3RKNzZy)…

African Development Bank Group (AfDB)

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    • AFAWA Bank of the Year on financing the smallest of women-led businesses
    • Watch Centenary Rural Development Bank General Manager for Commercial and SME Banking, Michael Jjingo talk about the Bank’s commitment to providing financing to women-led businesses
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    • Michael Jjingo (right), Gen. Manager for SME banking at “AFAWA Bank of the Year” award-winning Centenary Rural Development Bank, poses with his financing clients: Jude Colors Solutions Board Member Camillus Namata (in grey) and company representatives
    • Watch Centenary Rural Development Bank General Manager for Commercial and SME Banking, Michael Jjingo talk about the Bank’s commitment to providing financing to women-led businesses.
    • Jude Color Solutions Board Member Camillus (right), who’s women-led company benefitted from the AFAWA Guarantee for Growth program via Centenary Rural Development Bank, meets African Development Bank Group President Akinwumi Adesina, AFAWA partners and beneficiaries
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    • Centenary Rural Development Bank says it increased its women clients base by 23% in just three years, with financial services like the “Center SupaWoman” account
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Source: African Development Bank Group (AfDB) |

Affirmative Finance Action for Women in Africa (AFAWA) Bank of the Year that created “SupaWoman” financial service says when women are given opportunity for financial inclusion, they can do miracles

The Supawoman product is about that woman, that underprivileged woman, that woman who is struggling to be able to grow that business

The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) Bank of the Year 2024 (www.AfDB.org), Centenary Rural Development Bank, exemplifies the spirit of this year’s United Nations Micro, Small and Medium-size (MSMEs) Enterprises Day: “leveraging the power and resilience of MSMEs to accelerate sustainable development and eradicate…

Afreximbank

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    • Mr. Haytham El Maayergi, Executive Vice President of Global Trade Bank with Mr George Chitera, the Deputy Managing Director for FDH Bank Plc
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Source: Afreximbank |

FDH Bank Malawi bags US$15-million Afreximbank loan facility

FDH Bank will deploy the proceeds of the facility to the financing of trade transactions of its clients involved in manufacturing, exports and imports

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed an agreement to provide FDH Bank Plc. Malawi with a US$15-million amortizing term loan facility to support the manufacturing sector, exporters and importers in Malawi. Under the terms of the agreement, signed during the just-concluded Afreximbank Annual Meetings (AAM2024) in Nassau, capital city…

Azentio Software Private Limited

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    • Banque Populaire de Mauritanie goes live with iMAL Business Intelligence
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Source: Azentio Software Private Limited |

Banque Populaire de Mauritanie further strengthens partnership with Azentio Software through adoption of iMAL Business Intelligence

Bank to use advanced analytics in bolstering decision-making, customer service and Sharia compliance

Azentio Software (“Azentio”) (www.Azentio.com), a leading end-to-end software company specializing in the BFSI sector, has announced that Banque Populaire de Mauritanie (“BPM”), one of the largest financial institutions in Mauritania, is now live with iMAL Business Intelligence (BI) (http://apo-opa.co/4cvpDBG) – a strategic BI platform that empowers banks to take more effective decisions,…