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AfDB Partners Oxford University To Train 1000 Workers Across Africa

(AFRICAN EXAMINER) – African Development Bank (AfDB) has partnered with the University of Oxford to provide training on sustainable finance for up to 1,000 public and third sector workers from across Africa. The University of Oxford’s Public and Third Sector Academy for Sustainable Finance (P3SA) is a global center of learning and capacity building. It […]

Banks Customers Appeal For Extension To Return Old Notes

(AFRICAN EXAMINER) – The Bank Customers Association of Nigeria, BCAN, has appealed to the Central Bank of Nigeria, CBN, to extend the deadline for returning of the old notes, as the nation gear up for the introduction of new Naira notes and phase out of old ones. Speaking Monday on the readiness of banks customers […]

Forum Mobilizes Over $100b Investments For Africa

(AFRICAN EXAMINER) – Africa Investment Forum (AIF), Africa’ premier investment platform has mobilized over $100 billion worth of investments in Africa since its inception in 2018. The AIF is Africa’s investment market place, championed by the African Development Bank (AfDB) and its partners, to accelerate the closure of the continent’s investment gaps. It operates as […]

Mnangagwa Woos Investors To Zimbabwe, Says Opportunities Abound

(AFRICAN EXAMINER) – Zimbabwean President Dr. Emerson Mnangagwa has urged investors take advantage of the massive opportunities in his country and shun negative perception of risk. The President said investors should be rest assured that there are a lot of opportunities that can be explored in the Southern African country. Zimbabwe, self-sufficient in food production […]

First City Monument Bank Secures $50m Grant From AfDB To Support Women-owned SMEs In Nigeria

(AFRICAN EXAMINER) – First City Monument Bank (FCMB) has secured a $50 million line of credit from the African Development Bank (AfDB) to support access to finance for small and medium-sized women-empowered enterprises in Nigeria. FCMB Limited is a member of FCMB Group Plc, which is one of the leading financial services institutions in Nigeria […]

EIB To Unveil New Green Financing Partnership Initiative at COP27

(AFRICAN EXAMINER) – The European Investment Bank (EIB) Group has said that it will launch a new initiative in collaborations with its partners to finance climate action and environmental sustainability projects during the United Nations Climate Change Conference (COP27), beginning in Sharm El Sheikh, Egypt, this weekend. The EIB is the long-term lending institution of […]

BREAKING: UK Inflation To Hit 10.9%, Economy In Recession Till 2024 – BoE

(AFRICAN EXAMINER) – The Bank of England on Thursday hiked its interest rate 0.75 percentage points, the biggest increase in 33 years, to fight inflation set to peak around 11 percent as recession hit Britain. The BoE voted to lift borrowing costs to three percent, the highest level since the 2008 global financial crisis and […]

Forum Harps On Green Jobs For Women in Africa

(AFRICAN EXAMINER) – The Africa Investment Forum, an initiative of the African Development Bank (AfDB) and seven partners, has reaffirmed its conviction that creating green jobs can help shift the climate of gender equality for African women. The Forum which has a strong track record of supporting the success of women business owners and entrepreneurs, […]

Twitter To Charge Verified Users $20 Monthly — Elon Musk

(AFRICAN EXAMINER) – Twitter has announced plans to charge almost $20 monthly for verification. This is coming barely 48 hours after Elon Musk took over Twitter ownership. According to a Daily Mail report, Musk wants to launch a pay-for-play verification system in which verified users are charged $20 per month. The Tesla chief executive, in […]

Osinbajo, Former Colombia President, AfDB Lead Billion-Dollar Carbon Market

(AFRICAN EXAMINER) – The Federal Government is pioneering a voluntary billion dollars’ worth Carbon Market on the continent. Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, disclosed this a statement on Sunday in Abuja. He said “It is an innovative climate change solution which will create, […]

Nigerians Mock CBN Governor, Godwin Emefiele, Over Redesigned Naira Notes  

(AFRICAN EXAMINER) – Nigerians have taken a big swipe at the controversial governor of the central bank of Nigeria (CBN), Godwin Emefiele over the introduction of the new notes even at this time the Naira’s value is at free fall, and the economic hardship bites harder. Recall that the CBN has announced the redesigned 200, […]

EIB Supports MTN Nigeria With €100m For High-speed Network Expansion

(AFRICAN EXAMINER) – The European Investment Bank (EIB) has agreed to finance MTN Nigeria Communications Plc (MTN Nigeria) €100 million . To support the telecommunications company’s network expansion programme. MTN Nigeria is one of Africa’s largest providers of communications services, connecting over 74 million people in communities across the country with each other and the […]

Buhari Seeks Expanded Trade Relations Beyond Gas Exports To South Korea

(AFRICAN EXAMINER) – President Muhammadu Buhari on Wednesday in Seoul, expressed Nigeria’s desire to widen the scope of trade relations with the Republic of Korea beyond gas exports. Speaking during a bilateral meeting with his Korean counterpart, Mr. Yoon Suk-Yeol at the Presidential Palace on the sidelines of the First World Bio Summit, Buhari called […]

CBN To Release Re-Designed Naira Notes December

(AFRICAN EXAMINER) – The Governor, Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022. He also said that existing notes would seize to be regarded as legal tender by January 31, 2023. Emefiele disclosed this during a press briefing in Abuja on Wednesday. The […]

Nigeria’s Dangote Refinery Will Transform Our Downstream Sector, Says Ghana Petroleum Authority

(AFRICAN EXAMINER) – Chief Executive Officer, of the National Petroleum Authority (NPA) of Ghana, Mustapha Abdul-Hamid, said the coming onstream of 650,000 barrels-per-day (bpd) Dangote Petroleum Refinery will transform the Ghanaian downstream sector through the reduction in the cost of importation of petroleum products into Ghana. Speaking at the 16th Oil Trading and Logistics Expo […]

Take Climate Finance, Just Energy Transition Seriously In Africa, Urama Urges World Leaders

(AFRICAN EXAMINER) – Acting Chief Economist and Vice President of the African Development Bank (AfDB), Prof Kevin Urama has urged world leaders to take seriously climate finance and just energy transitions in Africa. Prof. Urama also called on industrialized countries to fulfill the pledge made at the 2009 Conference of Party (COP) meetings to provide […]

Naira Depreciates Marginally, Exchanges At 441.67 To Dollar

(AFRICAN EXAMINER) – The Naira on Tuesday exchanged at 441.67 to the dollar at the Investors and Exporters window, a depreciation of 0..07 per cent, compared with N441.38 to the dollar it exchanged on Monday. The open indicative rate closed at N440.58 to the dollar on Tuesday. An exchange rate of N447 to the dollar […]

AfDB Approves €5.76m Grant To Boost Food Production In Comoros

(AFRICAN EXAMINER) – African Development Bank (AfDB) has approved a €5.76 million grant to the Comoros to increase food production and enhance the resilience of its food system. The move comes as the country has experienced rising food prices due to the war in Ukraine. The grant funds will come from the African Development Bank’s […]

Summit Closes With Call For Action On Development Finance In Africa As COP27 Beckons

(AFRICAN EXAMINER) – The third edition for the Finance in Common summit ended on Thursday amid calls on the delegates to turn their commitments to do more in development financing for Africa into actions. This is coming ahead of the 2022 United Nations Climate Change Conference (COP27) next month. The public development banks meeting in […]

Cooperation With Rwanda Development Bank Excites EIB

(AFRICAN EXAMINER) – European Investment Bank (EIB) has expressed its excitement over the strategic relationship and growing collaboration with the Development Bank of Rwanda (DBR). The BRD is Rwanda’s only national development finance institution with a mandate to ensure that the private sector plays its role in sectors critical to achieving the National Strategy for […]

NDDC Projects Cancellation: Click Below to see full list

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