Category: Newsline
AAMFI welcomes AU Ministers’ Decisions on African Multilateral Financial Institutions’ Preferred Creditor Status
The Alliance of African Multilateral Financial Institutions (AAMFI) held the third meeting of its Governing Council on the margins of the African Union Mid-Year Coordination Meeting, held in Accra, Ghana, during which it welcomed the endorsement of the Alliance by the African Union (AU) Ministers of Finance and Central Bank Governors at their 7th Ordinary…
AAMFI Presents its Vision, Advocates for African-led Financial Solutions
The Alliance of African Multilateral Financial Institutions (AAMFI), held the third meeting of its Governing Council in Accra, Ghana, on the margins of the African Union’s 6th Mid-Year Coordination Meeting. The Governing Council discussed key aspects of the implementation of its strategy and welcomed new members, notably, the African Solidarity Fund (ASF) and the East African…
Afreximbank and GIABA to host international Compliance Forum for Africa
To improve global trade in Africa and align with international regulatory and compliance standards, African Export-Import Bank (Afreximbank), in partnership with the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), is hosting a high-profile Compliance Forum in Dakar, Senegal, from 4 to 6 September 2024. The Forum will focus on the Financial Action…
Afreximbank and LNDC host first Joint Project Preparation workshop
African Export-Import Bank (Afreximbank) and the Lesotho National Development Corporation (LNDC) co-hosted a Joint Project Preparation Facility (JPPF) workshop in Maseru, Lesotho, to help address investment gaps in project preparation and to highlight the critical role of project preparation. Organised under the theme “Leveraging Project Preparation to Boost Trade and Investment in Lesotho,” the workshop that was…
Chams Addresses Misinformation Regarding Ownership and Operations
Chams HoldCo Plc, a leading provider of identity management and transactional systems in Nigeria, wishes to address recent inaccurate statements regarding its ownership structure and business practices. Unfortunately, Prince Diran Odeyemi made these misrepresentations during an interview he granted a YouTube channel, which was widely circulated. We wish to clarify the following points: 1. Ownership: Chams…
Africa’s Business Heroes Announces Top 50 Finalists for 2024 Prize Competition
Africa’s Business Heroes (ABH) Prize Competition has revealed the Top 50 Finalists for its 2024 edition. The competition is a philanthropic program supported by the Jack Ma Foundation and Alibaba Philanthropy to honor and elevate African entrepreneurs. This year’s competition reflects an increasingly diverse applicant pool cementing the competition’s reputation as Africa’s largest and most…
African Development Bank launches 54 Country Focus Reports
The African Development Bank Group has launched Country Focus Reports designed to deepen policy dialogue on the macroeconomic performance and outlook of individual countries and to act as an indispensable tool for policy makers, government and development partners. The reports, in line with the theme of the 2024 African Economic Outlook report titled, “Driving Africa’s Transformation: The…
Italy’s CDP and AfDB to invest €400 million in Africa’s Private Sector Growth
Italy’s National Promotional Institution Cassa Depositi e Prestiti (CDP) and the African Development Bank Group plan to jointly invest up to €400 million over five years, to boost the continent’s private sector growth through the newly established Growth and Resilience Platform for Africa (GRAf). Under the new collaboration, both financial institutions will support the continent’s…
NCC Orders Immediate Reactivation of Lines Affected by NIN-SIM Verification Issues
The Nigerian Communications Commission (NCC) has directed all operators to reactivate all lines that were disconnected over the weekend in view of the short time available for consumers to undertake the verification of their NINs with their SIMs. This is in response to the the challenges the blockages have caused many telecom consumers across the…
African Development Bank reaffirms support for Guinea’s economic strides
The African Development Bank Group has reaffirmed its commitment to supporting Guinea’s efforts to diversify its economy and mobilize domestic resources for crucial development projects. Marie-Laure Akin-Ougbade, the Bank Group’s vice president for Regional Development, Integration and Business Delivery, reiterated this commitment during a three-day visit to the Guinean capital, Conakry, from July 11 to…