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September 2012 Blog Posts (6)

Donors Welcome the African Development Fund (ADF-12) Implementation

The Mid-Term Review of the African Development Fund (ADF-12) implementation concluded in Praia, Cape Verde on September 14 with donors and stakeholders encouraging the African Development Bank (AfDB) to continue working to achieve results in its development projects and institutional reforms.

The meeting was…


Added by Andrea Ayemoba on September 25, 2012 at 6:20pm — No Comments

AfDB Injects USD7m Equity into Pan African Housing Fund to Increase Access to Housing in African Cities

The Board of Directors of the African Development Bank (AfDB) has approved on 6 September 2012 a USD 7 million equity investment in the Pan African Housing Fund (PAHF), a private equity fund targeting the lower-middle and middle-middle class residential housing market in Africa. This contribution will allow PAHF to help grow the capacity of local developers to deliver housing development…


Added by Andrea Ayemoba on September 18, 2012 at 5:50pm — No Comments

African Financial Markets Initiative: “Building sustainable local currency bond markets for the future”

In today’s multifaceted economies, African economies will largely depend on sustainable local currency bond markets to function efficiently. With this need, local currency bond market development has taken center stage as a key focal aspect of economic growth.

Taking place on 22-24 October 2012 in Tunis, the first African Financial Markets Initiative (AFMI) conference on…


Added by Andrea Ayemoba on September 12, 2012 at 4:02pm — No Comments

AfDB opens dialogue on its first Human Capital Development Strategy

A multi-stakeholder consultation on the African Development Bank’s first Human Capital Development Strategy concluded yesterday with over 80 participants from the 7 IGAD member states – Djibouti, Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda.

Participants stressed the need for producing manpower with relevant skills, competence and flexibility to meet the needs of…


Added by Andrea Ayemoba on September 12, 2012 at 4:01pm — No Comments

GTBank Half Year Profits Top N53 billion

The management of Guaranty Trust Bank communicated its earnings to the stock exchange today, announcing H1 Profit before Tax of N53.63 billion, an increase of 63% from the N33 billion reported over the similar period in 2011.

The company also declared a 25kobo interim dividend which is equal to a total payout of N7.4 billion to its ordinary shareholders. The company’s Gross…


Added by Andrea Ayemoba on September 3, 2012 at 5:13pm — No Comments

Frequency Asked Question on Currency Restructuring

What is the purpose of CBN (Central Bank of Nigeria)?

The CBN Act of 2007 charges the Bank with the overall control and administration of the monetary and financial sector policies of the Federal Government.


What is the role of CBN with respect to Banknotes and coins?

The Bank is charged with the…


Added by Andrea Ayemoba on September 3, 2012 at 5:08pm — No Comments

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