An Africa Business Community
The African Development Bank Group approved Wednesday a grant of 1.88 million UA (US $2.9 million) to the Republic of The Gambia to finance the Economic and Financial Governance Operation (EFIGO) – Phase 1. The funding supports the implementation of a multi-year reform program to fund The Gambia’s implementation of its development strategy Program for Accelerated Growth and Employment…Continue
Added by Andrea Ayemoba on November 19, 2012 at 5:42pm — No Comments
The beneficiaries of the donation, which was made through the International Federation of the Red Cross and Red Crescent Societies, include victims of the flood disaster in Kogi, Delta, Plateau, Bayelsa and Rivers states. The…Continue
Added by Andrea Ayemoba on November 19, 2012 at 5:42pm — No Comments
An International Monetary Fund (IMF) mission led by Montfort Mlachila visited Togo during October 22-30, 2012, to review recent economic developments, the draft supplementary budget for 2012, and the draft 2013 budget. It also analyzed preparatory documents for the creation of a revenue authority.
The mission met with Prime Minister Kwessi Séléaodji Ahoomey-Zunu, Minister…Continue
Added by Andrea Ayemoba on November 2, 2012 at 3:40pm — No Comments
The Bank said this has become necessary in the wake of the global financial crisis of 2007 that saw a number of banks in advanced economies collapse under high debt and excessive…
Added by Linda Larbie on October 24, 2012 at 2:54pm — No Comments
The Government of Liberia, the World Bank and other international development partners yesterday launched the US$28.55m Integrated Public Financial Management Reform Project (IPFMRP) to assist Liberia to expand and deepen the scope of reforms relevant for advancing accountability, transparency and reduction of corruption in public institutions.
This project, which was ratified…Continue
Added by Andrea Ayemoba on October 23, 2012 at 2:49pm — No Comments
In the wake of keen competition in Ghana’s banking industry, the customer has now become the focal point. Financial institutions have realized there’s more to actual engagement with our sophisticated customers than what presently exists.
In this light, First Atlantic Merchant Bank Limited is repositioning itself in its resolve to provide prudent financial solutions…
Added by Linda Larbie on October 22, 2012 at 2:42pm — No Comments
Temenos, the market leading provider of banking software, has announced that Fountain Credit Services, a new Microfinance Institution (MFI) in Kenya, has launched on TEMENOS T24 for Microfinancing, hosted in the cloud. In doing so, Fountain becomes the first institution in Kenya to adopt cloud-based banking services. By running in the cloud, Fountain has…Continue
Added by Andrea Ayemoba on October 22, 2012 at 2:42pm — No Comments
Standard Chartered recently updated investors at its inaugural Africa Investor Day on the Group’s aspirations for the region. The Group will invest over $100m on 110 new branches in Kenya, Ghana and Nigeria alongside five other core markets over the next three years, as well as making substantial hires across both the Wholesale and…Continue
Added by Andrea Ayemoba on October 22, 2012 at 2:38pm — No Comments
It is now possible to use your local ATM card to access your account or make withdrawals from the ATMs of other banks.
But you can enjoy that service currently if you bank with some nine banks which have linked their systems to the national platform christened ‘gh-link.’…
Added by Linda Larbie on October 19, 2012 at 3:35pm — No Comments
Guaranty Trust Bank Plc. -the highest-priced equity in the banking sub-sector of the Nigerian Stock Exchange - Thursday reported a profit after tax of N63 billion for the third quarter (Q3) ended September 31, 2012.
Details of the result released on the floor of the NSE, showed that the bank posted gross earnings of N45.64 billion in Q3, up by 22 per cent…Continue
Added by Andrea Ayemoba on October 19, 2012 at 2:54pm — No Comments
The World Bank’s Board has approved a grant of US$10 million to improve existing training facilities and house more students at the International Institute of Water and Environmental Engineering (2iE) in Ouagadougou, Burkina Faso.
As many as 2,500 students will now be enrolled at 2iE by 2015, up from just 650 in 2009. The…Continue
Added by Andrea Ayemoba on October 19, 2012 at 2:53pm — No Comments
In partnership with KoFC (Korea Finance Corporation), IFC and MIGA on Tuesday hosted the Korea–World Bank Group Private Sector Seminar in Seoul to discuss opportunities to strengthen their partnership when making sustainable and profitable private sector investments in emerging markets. The forum discussed ways of bringing innovative private sector solutions, including financing,…Continue
Added by Andrea Ayemoba on October 18, 2012 at 2:14pm — No Comments
PCIDSS certification is a worldwide security standard maintained by the Payment Card Industry Security Standards Council (PCISSC) to detail acceptable technical and…Continue
Added by Andrea Ayemoba on October 18, 2012 at 1:57pm — No Comments
African Bank recently selected a Z-CARD® as part of its marketing mix to generate awareness that it now provides interest free*, short-term loans to foreign nationals who are formally employed and residing in South Africa.
African Bank is the first financial institution…Continue
Added by Linda Larbie on October 17, 2012 at 3:31pm — No Comments
The official World Food Day theme, announced each spring by the Food and Agriculture Organization of the United Nations (FAO), gives focus to World Food Day observances and raises awareness and understanding of approaches to…Continue
Added by Andrea Ayemoba on October 17, 2012 at 3:15pm — No Comments
“I warmly welcome commitments by the authorities of Algeria and Brunei Darussalam to contribute additional financing to the IMF. They are joining a concerted action among important creditors to ensure the Fund has sufficient resources to tackle…Continue
Added by Andrea Ayemoba on October 15, 2012 at 12:56pm — No Comments
As part of its long-term solution to recurring drought, and chronic food and power shortages in Africa’s Sahel region, the World Bank’s Board of Executive Directors have approved US$203 million for the “Niger Basin Water Resources Development and Sustainable Ecosystems Management Program (APL 2A),” which will contribute to the funding of the Kandadji Program to increase food production,…Continue
Added by Andrea Ayemoba on October 12, 2012 at 2:51pm — No Comments
The International Monetary Fund (IMF) today released the October 2012 Regional Economic Outlook: Sub-Saharan Africa. Ms. Antoinette Monsio Sayeh, Director of the IMF's African Department, commented on the report's main findings:
“Economic conditions in sub-Saharan Africa have remained generally robust against the backdrop of a sluggish global economy. Most low-income…Continue
Added by Andrea Ayemoba on October 12, 2012 at 2:47pm — No Comments
Added by Linda Larbie on October 10, 2012 at 3:08pm — No Comments
Added by Linda Larbie on October 10, 2012 at 3:02pm — No Comments