December 2012 Blog Posts (7)

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,…

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…

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…

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…

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.

Ndani…

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…

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…