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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
Pictet Bank Opens South Africa Office
Pictet, a privately owned wealth manager, has received regulatory approval to establish a representative office in South Africa. The move marks the firm’s first physical
Bank CEOs Discuss AI’s Impact on Workforce
A recent survey by EY indicates that a majority of financial services CEOs do not anticipate significant workforce reductions due to the adoption of artificial
AU Approves Nigeria’s Permanent Seat on African Central Bank
Nigeria has secured a permanent seat on the Board of the African Central Bank, a development officials say places the nation at the center of
Nigeria Secures Permanent Spot on Central Bank Board
Nigeria secured a permanent seat on the board of the African Central Bank during the ongoing 39th African Union Summit. Foreign Affairs Minister Yusuf Tuggar
Access Bank Drives Africa’s Trade Vision Forward
The Access Bank Africa Trade Conference recently highlighted a shift in perspective regarding Africa’s economic trajectory, moving beyond discussions of potential to a focus on