The African Development Bank Group has committed $934 million to SAPZs in 11 African countries Nigeria’s Cross River State became the second to mark construction of a Special Agro-Industrial Processing Zone after the country’s Vice President Kashim Shettima and African…
GITEX AFRICA Morocco to forge new partnerships and explore new technologies with a broadening impact on Africa’s digital landscape GITEX AFRICA Morocco, the continent’s largest tech and startup show today opened its doors to the biggest players across the local,…
Stanbic Bank, the anchor subsidiary of Stanbic Uganda Holdings Limited (SUHL), hosted an inaugural financial literacy session recently for senior administrators of primary, secondary, and vocational schools in the Kampala Metropolitan Area. The event took place at Hotel Africana, in…
The Ministry of Finance, Planning, and Economic Development has announced the release of funds for the fourth quarter (Q4) of the 2024/25 financial year, alongside a positive outlook on Uganda’s economic performance. The press statement, delivered by Permanent Secretary Ramathan…
AFC’s earnings growth was driven by improved asset yields, prudent cost-of-funds management and sustained traction in advisory mandates Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced its strongest financial performance to date, with total revenue for…
In a bold move that signals both continuity and a strategic shift, Absa Bank Uganda has appointed Keith Kalyegira as its new Board Chairman a decision that industry insiders say could catalyze significant change in Uganda’s banking and financial services…
Key findings Strong demand conditions drove growth in input buying, as firms stocked up amid anticipation of more upturns in activity later in the year, slightly lifting the monthly Stanbic Purchasing Managers’ Index (PMI). The headline Stanbic PMI rose to…
The awards celebrate Africa’s most innovative and transformative financial deals, highlighting exemplary execution, effective mobilization of new liquidity pools, and innovative deal structuring Two African Development Bank Group supported projects have garnered top honours at the 2025 Bonds, Loans &…
“We will continue to support Lesotho very strongly through our new focus on infrastructure for industrial competitiveness” Akinwumi Adesina The African Development Bank Group plans to invest $331 million in key strategic sectors in Lesotho as part of its proposed…
This groundbreaking event marks the official commencement of construction for this historic project and is a significant step in Barbados and CARICOM’s journey towards economic advancement and regional integration African Export-Import Bank (Afreximbank), Africa’s leading Multilateral Financial Institution, made history…
The aim of the programme is to modernise a strategic section of Cameroon’s road network, which is essential for transporting people and goods between the north and south of the country The African Development Bank Group has given the green…
By leveraging platforms like AGES, Africa can strengthen partnerships, unlock funding, and implement policies that drive a sustainable and resilient future The African Development Bank Group participated in the third edition of the Africa’s Green Economy Summit (AGES) in Cape…
Africa’s Largest Tech & Startup Show Expands, Introducing Industry-Defining Innovations, Global Exhibitors, and Cutting-Edge Digital Initiatives Under the High Patronage of His Majesty King Mohammed VI, May God Assist Him, the Ministry of Digital Transition and Administration Reform, in partnership with…
Malawi’s $30 billion mining potential is attracting global investors, with major deals and projects set to take center stage at African Mining Week 2025 Malawi could generate up to $30 billion from mineral exports between 2026 and 2040, with annual…
This five-year bond provides an attractive annual interest rate of 6.5% with a two-year capital repayment grace period Ecobank Côte d’Ivoire, a subsidiary of Ecobank Transnational Incorporated, the leading Pan African Bank, takes a major step forward in its commitment…