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Big cleantech investors for clean tech projects in Africa presented at Viridis Africa

On the 15th and 16th of October 2013, Viridis Africa hosts their third Clean Technology conference at Killarney Country Club, Johannesburg, South Africa.  The event is dedicated to the introduction of clean technologies as well as associated business/investment opportunities.

The intention of Viridis Africa is to bring together investors such as Inspired Evolution, Sterling Waterford Securities, Lerako Metier, the IDC, Curatio Capital, Vantage Capital and the…


Added by Suza Adam on July 17, 2013 at 7:57pm — No Comments

Viridis Africa 2013 - clean technology investment summit

On the 15th & 16th October 2013 the third Clean Technology business and investment matchmaking conference for the African continent is to be held at the Killarney Country Club, Lower Houghton, Johannesburg South Africa. Called Viridis Africa, ( the event is dedicated to entrepreneurs and corporates who are…


Added by Suza Adam on March 23, 2013 at 12:00pm — No Comments

AfDB Approves 13 Million Euro Line of Credit to Support SME/SMI Development in Niger

The Board of Directors of the African Development Bank (AfDB) has approved a line of credit of 13 million euros to support small and medium enterprises and industries (SME/SMI) in Niger. The line of credit (LoC) provided to Société Nigérienne des Banques (SONIBANK) will allow to respond to the SME/SMIs’ need of financing in various sectors including agro-food, poultry, construction, public…


Added by Andrea Ayemoba on January 18, 2013 at 1:01pm — No Comments

MasterCard and Equity Bank Announce Partnership to Introduce PayPass™ Enabled Debit and Prepaid Cards in Five African Markets

MasterCard and Equity Bank of Kenya today announced an agreement at a signing ceremony in Nairobi to issue five million MasterCard-branded debit and prepaid cards, over the next 18 months. This program empowers African consumers to use electronic payments which provide a safe and secure way to pay, versus cash and other forms of…


Added by Andrea Ayemoba on January 15, 2013 at 4:18pm — No Comments

Fitch and GCR Assign Good Credit Ratings on UBA

United Bank for Africa(UBA) Plc., one of Africa’s leading financial services institutions, has been given  impressive ratings by two top world leading rating agencies, Global Credit Rating Co. (GCR) and Fitch Ratings (Fitch). The good ratings attest the Group’s strong liquidity, solid risk management and robust balance sheet.

GCR assigned UBA a long term national rating of…


Added by Andrea Ayemoba on January 15, 2013 at 4:12pm — No Comments

Statement by IMF Managing Director Christine Lagarde at the Conclusion of a Visit to Côte d’Ivoire

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement in Abidjan today at the conclusion of her visit to Côte d’Ivoire:

“It has been a pleasure to be in Côte d’Ivoire on my first visit to this warm and hospitable country as IMF Managing Director. I wish to thank President Alassane Ouattara, Prime Minister and…


Added by Andrea Ayemoba on January 11, 2013 at 1:39pm — No Comments

IMF Executive Board Completes 5th PSI Review and Ist Review under Standby Credit Facility for Tanzania

The Executive Board of the International Monetary Fund (IMF) today completed the fifth review of Tanzania’s economic performance under the Policy Support Instrument (PSI) and the first review under the precautionary Standby Credit Facility (SCF) arrangement. In completing the SCF review the Board made available for disbursement an additional SDR 37.3 million (about US$57 million),…


Added by Andrea Ayemoba on January 11, 2013 at 1:28pm — No Comments

Statement at the Conclusion of the Visit by IMF Director Masood Ahmed to Egypt

Mr. Masood Ahmed, Director of the Middle East and Central Asia Department of the International Monetary Fund (IMF), visited Cairo on January 7, 2013. During his visit, Mr. Ahmed met with President Mohamed Morsi, Prime Minister Hisham Kandil, Central Bank of Egypt Governor Farouk El Okdah, Finance Minister Al-Mursi Hegazy, Minister of Planning and International Cooperation Ashraf…


Added by Andrea Ayemoba on January 9, 2013 at 3:26pm — No Comments

GTBank Re-affirms Commitment to Secure Banking

Foremost Nigerian financial institution, Guaranty Trust Bank plc has re-affirmed its commitment to the safety of stakeholder funds as it prepares for the 2013 financial year. Investigations show the Bank has installed several new technologies and introduced a number of internal procedures that enable it identify spurious transactions and prevent frauds on customer…


Added by Andrea Ayemoba on January 7, 2013 at 4:31pm — No Comments

The World Bank and Morocco Partner to Manage Currency Risk

The World Bank executed a US$1 billion currency swap transaction for Morocco to manage its exposure to the US dollar from a recent bond issuance. This transaction supports Morocco’s currency risk management strategy by hedging against fluctuations between the US dollar, in which bond payments will be made, and the Euro.

"This transaction is part of the strategy the Ministry of Economy and…


Added by Andrea Ayemoba on January 7, 2013 at 4:31pm — No Comments

Tanzania’s EITI Compliance “a milestone for growth prospects”, says World Bank

Tanzania’s  compliance with the Extractive Industries Transparency Initiative (EITI), which promotes greater transparency and accountability in managing oil, gas and mining sectors, “is a milestone for the country’s economic growth prospects,” said the World Bank’s Tanzania country director.

“We congratulate Tanzania on achieving this milestone,…


Added by Andrea Ayemoba on December 21, 2012 at 1:43pm — No Comments

AfDB Extends the Equivalent of USD 300 Million to FirstRand Bank Limited to Support Projects across Africa

The Board of Directors of the African Development Bank (AfDB) has approved a seven-year multi-currency line of credit for an amount equivalent to USD 300 million to FirstRand Bank Limited (FRB) of South Africa to finance a wide range of projects in local currencies and across Africa.

Most African countries are characterized by low…


Added by Andrea Ayemoba on December 21, 2012 at 12:48pm — No Comments

FirstBank, Bestman Games Promote Financial Literacy through Lagos Monopoly

Inculcating financial literacy in youths through the Lagos Monopoly game will give them a head start in the quest for a fulfilled future and facilitate the emergence astute managers of Nigeria’s economy in future, Mrs. Folake Ani-Mumuney, Head, Marketing and Corporate Communications, First Bank of Nigeria Limited has said.

Speaking at the formal launch of the City of…


Added by Andrea Ayemoba on December 17, 2012 at 5:34pm — No Comments

Shareholders grant approval for FCMB HoldCo structure

Shareholders of First City Monument Bank (FCMB) Plc. have given their approval to the scheme of arrangement by the bank to form a holding company (HoldCo) structure.

At the court ordered Extra-ordinary General Meeting (EGM) of the bank held on Monday, the shareholders in attendance voted in favor of the new structure, showing overwhelming support…


Added by Andrea Ayemoba on December 17, 2012 at 5:31pm — No Comments

GTBank collaborates with Selfridges, UK to promote African designers

Guaranty Trust Bank plc. recently launched its partnership with Selfridges, UK to project authentic designs by talented African fashion designers. The collaboration tagged “Guaranty Trust Bank presents Ndani” stems from the Bank’s commitment to the projection of African Art to global audiences as a Proudly African and Truly International financial institution.



Added by Andrea Ayemoba on December 11, 2012 at 5:48pm — No Comments

UBA Wins African Bank of the Year, Dominates At Banker Awards in London

The Banker Magazine, a publication of Financial Times, has named United Bank for Africa Plc. (UBA), the Bank of the Year, Africa. UBA carted home the regional award for the continent at the Banker Awards ceremony in London, joining the ranks of other regional winners like Scotiabank-Global Americas, Nordea-Western Europe, Raiffeisen Bank International -Central and Eastern…


Added by Andrea Ayemoba on December 10, 2012 at 2:23pm — No Comments

Multilateral Development Banks Join Forces to Track Climate Financing

The African Development Bank led a team of Multilateral Development Banks (MDBs) to develop a new joint approach to track climate financing including Adaptation and Mitigation Financing. The reports were launched during a side event panel at the UN Climate Change Conference (COP18) in Doha on December 5.

The new common methodology to…


Added by Andrea Ayemoba on December 10, 2012 at 2:21pm — No Comments

AfDB Signs US$ 0.26 million Protocol Agreement with Mamoun Beheiry Centre in Khartoum, Sudan

On Tuesday 20th November 2012, the AfDB signed a US$ 0.26 million protocol agreement with Mamaoun Beheiry Centre for Economic and Social Studies and Research (MBC), a policy think-tank in Khartoum named after the first President of the Bank. The grant was approved by the Nigeria Technical Cooperation Fund (NTCF). The agreement was then signed by the Bank’s Resident Representative for Sudan,…


Added by Andrea Ayemoba on November 23, 2012 at 2:45pm — No Comments

FCMB empowers young graduates with GDP and MDP Programmes

First City Monument Bank Plc. has concluded training for the 2012 batch of employees, recruited for its Graduate Development Programme (GDP) and Management Development Programme (MDP).

The Graduate Development Program and Management Development Program are programs aimed at recruiting intelligent graduates and giving them the training and experience they need to become FCMB’s Divisional Head,…


Added by Andrea Ayemoba on November 20, 2012 at 1:59pm — No Comments

IMF Executive Board Approves Three-Year, US$78.9Million ECF Arrangement for Liberia

The Executive Board of the International Monetary Fund (IMF) today approved a three-year Extended Credit Facility (ECF)1 Arrangement for Liberia in an amount equivalent to SDR 51.68 million (about US$78.9 million). The overall amount of the program represents 40 percent of Liberia’s quota in the IMF and approval enables the immediate disbursement of SDR 7.382…


Added by Andrea Ayemoba on November 20, 2012 at 1:58pm — No Comments

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