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December 2012 Blog Posts (7)

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

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