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.
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.
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.
The African Development Bank Group (AfDB) has signed a $3.2 billion Exposure Exchange Agreement with the Inter-American Development Bank (IADB).
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 borrowing is so expensive for African nations is no longer just a technical debate. It is a question with billion-dollar consequences.
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…
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…
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…
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.
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…
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,…
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…
The African Development Bank Group and the Eastern and Southern African Trade and Development Bank (TDB Group) have signed an agreement for a $150 million Trade Finance Unfunded Risk Participation Agreement (RPA)…