US EXIM bank approves $297 million transaction to Angola
The Export-Import Bank of the United States’ (EXIM) Board of Directors today approved a transaction to export Boeing aircraft and spare propulsion equipment to Angola.
Banks in Ethiopia advised to provide tailored products
A new report by Backbase, the global innovative banking solutions provider, highlights the need for tailored products in Ethiopia banking sector targeting women, rural users, and small and micro enterprises.
African cities deepen fiscal reform efforts
Urban areas across Africa are growing at a remarkable pace, but many city governments are being asked to deliver more with limited fiscal space and constrained access to capital.
UN agency supports Africa’s call for global financial reform
At the Fourth International Conference on Financing for Development (FfD4), African countries made a strong case for overhauling the global financial system to reflect current development realities and risks.
AfDB, Inter-American Development Bank ink $3.2 billion deal
The African Development Bank Group (AfDB) has signed a $3.2 billion Exposure Exchange Agreement with the Inter-American Development Bank (IADB).
Africa advised to establish its own credit rating ecosystem
African countries should be active architects of their own credit narratives by establishing an African credit rating ecosystem, said Claver Gatete, Executive Secretary of the UN – Economic Commission for Africa (ECA).…
Why Africa battles for fair credit
Why borrowing is so expensive for African nations is no longer just a technical debate. It is a question with billion-dollar consequences.
Nigeria advised to implement progressive taxation to bridge revenue gaps
Nigeria faces an annual financing shortfall of over US$10 billion to meet its Sustainable Development Goals (SDGs). A new report, ‘Taxing the Rich: Nigerian Fair Tax Monitor Thematic Report,’ reveals how progressive…
Africa urged to scale up development financing
The role of sub-regional multilateral development banks (MDBs) in advancing Africa’s development objectives took center stage during a high-level panel discussion held on the sidelines of the 57th Session of the Economic…
Former African leaders call for urgent debt relief
Eight former African Heads of State and Government have signed the Cape Town Declaration, calling for the critical need for debt relief for highly indebted nations and advocating for lower borrowing costs…
AfDB, Standard Bank partner to support SMMEs in Africa
The African Development Bank Group and Standard Bank Group (SBG) on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises (SMMEs) and expand trade across Africa.
ICD set to provide $100 million for Egypt
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDB), unveils its intention to provide up to $100 million in…
African Development Bank to build new headquarters
The African Development Bank Group’s Boards of Directors have approved yesterday the proposal by the Bank’s Management to construct a modern, state-of-the-art building to host its headquarters in Côte d’Ivoire’s commercial capital,…
Abu Dhabi Finance Week 2024 opens today
One of MENA’s most anticipated four-day event series – Abu Dhabi Finance Week (ADFW) commenced with a grand opening ceremony in the ADQ Arena in ADGM, setting the stage for more than…