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European Investment Bank to Invest €3.1 Billion in Africa
The European Investment Bank (EIB) committed substantial funding to various projects across Africa in 2025, focusing on key economies and smaller states. A significant portion
Bank CEOs cite AI as hiring slows due to redeployment
A recent survey by EY indicates a prevailing sentiment among financial services CEOs regarding the impact of artificial intelligence (AI) on employment. The survey, encompassing
Kenya Penalizes GT Bank Over ASL Dispute Practices
A Kenyan regulator has ordered GT Bank to pay approximately $257,000 (KES 33,180,000) and refund ASL roughly $102,000 (KES 13,211,285) in improperly levied charges. The
World Bank Program Aims to Reach 18 Million African Youth
A $972 million initiative, backed by the World Bank’s International Development Association (IDA), has been launched to address youth unemployment in Eastern and Southern Africa.
Kenya Seeks World Bank Aid for Digital Health Initiatives
President William Ruto’s administration is collaborating with the World Bank to modernize Kenya’s health sector and reduce maternal deaths. This initiative follows discussions between Health
African Development Bank Funds Solar Project for Eritrea
The African Development Bank (AfDB) has approved $58.04 million in grant funding to support a solar mini-grid project in Eritrea’s Gash Barka region. The region,
UK bank sells Botswana subsidiary amid takeover interest
Standard Chartered Plc is exploring the sale of its corporate and investment banking, retail, and wealth management units in Botswana. The London-headquartered bank has reportedly
DR Congo to Add State Gold to Central Bank Reserves
The Democratic Republic of Congo (DRC) is partnering with DRC Gold Trading SA to supply gold sourced from artisanal mining operations to the central bank.
Kenyan Businessman Buzeki Faces Sh864.7 Million Bank Payment
A court has ruled against Buzeki Enterprises in a debt dispute with I&M Bank. The case stemmed from a business transaction involving the purchase of
World Bank Approves $400 Million for Lesotho’s Economy
The World Bank has pledged $400 million to Lesotho to promote inclusive growth within the nation. The commitment aims to bolster human capital development and