(AFRICAN EXAMINER) – The International Monetary Fund has stated that it will help Ghana restore macroeconomic stability. Ghana had requested for help from the IMF in July after its citizens protested the spiraling inflation, currency depreciation, and other economic woes. In a statement on Wednesday, IMF stated that its team would visit the West African […]
(AFRICAN EXAMINER) – African Development Fund (ADF), the concessional lending arm for the African Development Bank (AfDB) Group, has approved $13.95 million grant for the implementation of Borana Resilient Water Development for Improved livelihoods programme in Ethiopia Administered by the AfDB, the ADF comprises 32 contributing countries and benefits 37 countries. The 37 ADF-eligible countries […]
(AFRICAN EXAMINER) – African Development Fund (ADF), the concessional lending arm for the African Development Bank (AfDB) Group, has approved $16 million in loan and grant financing to Niger to implement the Financial Sector Deepening and Inclusion Project. Administered by the AfDB, the ADF comprises 32 contributing countries and 37 benefits countries. The 37 ADF-eligible […]
(AFRICAN EXAMINER) – Liberia has secured $5.12 million from the African Development Bank (AfDB) Group for the implementation of for the Emergency Food Production Programme in the country. This paves the way for the government to support farmers as they increase climate resilient food production and mitigate the impact of the ongoing war in Ukraine. […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) says it is planning to reduce the volume of higher denominations — N500 and N1000 — in circulation to tame inflation. Godwin Emefiele, governor of CBN, made this known while fielding questions from journalists at the monetary policy committee (MPC) meeting in Abuja. Emefiele said increasing […]
(AFRICAN EXAMINER) – African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, has approved a $27.9 million grant to Ghana for the development of Savannah Agriculture Value Chain Development Project (SADP). The SADP project, which is located in Savannah region of the West African nation, will be implemented by Ghana’s […]
(AFRICAN EXAMINER) – The redesigned Naira, an official legal tender issued by the Central Bank of Nigeria (CBN), has been unveiled by President Muhammadu Buhari during the weekly Federal Executive Council at the Presidential Villa on Wednesday. Bashir Ahmad, Special Assistant on Digital Communications to President Muhammadu Buhari, shared photos of the currency after it […]
(AFRICAN EXAMINER) – Bitcoin price is slowly moving lower towards $15,500. BTC remains at a risk of more losses unless it settles above the $17,000 resistance zone. Bitcoin started a fresh decline below the $16,500 and $16,400 levels. The price is trading below $16,500 and the 100 hourly simple moving average. There is a key […]
(AFRICAN EXAMINER) – The African Union Commission (AUC) and the African Development Bank (AfDB) have signed a $9.73 grant agreement to implement Phase 1 of the Upstream Project for Digital Market Development in Africa. The project comes as the backdrop of the Covid-19-induced recession that exposed several gaps in the African digital economy ecosystem. It […]
(AFRICAN EXAMINER) – Former Irish President, Mary Robinson has called for a bespoke climate fund to support grassroots women to tackle climate change and build resilience. Robinson made call while speaking at a panel discussion to mark ‘Gender Day’ at the ongoing 27th United Nations Climate Change Conference (COP27) in Egypt. The African Development Bank […]
(AFRICAN EXAMINER) – The German Government has pledged to support the African Development Bank (AfDB) Group’s Climate Action Window initiative for fragile African states with €40 million. The Climate Action Window is an initiative of the African Development Fund (ADF), the AfDB Group’s concessional lending window to low-income African states. It is also mobilizing up […]
(AFRICAN EXAMINER) – Global experts at the ongoing 27th Conference of the Parties (COP27) of the United Nations Framework Convention on Climate Change (UNFCCC) in Egypt, have endorsed a new climate finance roadmap to mobilize $1 trillion in annual external finance required by emerging markets and developing countries, excluding China. The roadmap draws on the […]
(AFRICAN EXAMINER) – No fewer than 20 African youth-led enterprises have won grant funding of up to $100,000 each in this year’s African Youth Adaptation Solutions Challenge (YouthADAPT) competition. The cash prizes amounting to $2 million was awarded to the winners at the ongoing 27th United Nations Climate Conference (COP27) in Egypt. In addition to […]
(AFRICAN EXAMINER) – European Investment Bank (EIB) has announced its investment $10 million in the new digital connectivity project that is being implemented by Bandwidth and Cloud Services (BCS) Group, in the remote eastern region of the Congo Democratic Republic (DRC). The $10 million support which is coming under the EIB Global first quasi-equity investment […]
(AFRICAN EXAMINER) – Held every four years, football’s FIFA World Cup is one of the most thrilling events in sports, and Hot Spot Travel & Tourscan help you experience all the excitement in person. Hot Spot has created packages that cover the 3rd place and finalgames which takes place from December 15 to December 19 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
