The EU and the Organization of African, Caribbean and Pacific States (OACPS), formerly named the ACP Group of States, resumed today talks at the highest political level, a first since the start of the coronavirus pandemic,...
The IMF is working at an “unprecedented” pace to provide emergency support financing to the global economy with a particular focus on Africa, spokesman Gerry Rice said Thursday (June 4) in Washington. Over $10 billion in...
The influential French-language magazine ranks Marie-Chantal Kaninda in 14th place among African women involved in public service. The cover page of the May 2019 edition of Forbes Afrique, and a mosaic of 36 of the individuals...
Photo caption: President of Rwanda, Paul Kagame with Dr Herbert Diess, CEO of the Volkswagen Brand and Thomas Schaefer, Managing Director & Chairman of the Volkswagen Group South Africa. • Rwanda’s President Kagame and Volkswagen CEO...
Developing new market potentials Photo caption: President of the Republic of Kenya, Uhuru Kenyatta and Dr Herbert Diess, CEO of the Volkswagen Brand preparing to drive the first Polo Vivo built in Kenya off the assembly...
Jaiz Bank is now targeting a national license from the Central Bank of Nigeria (CBN) after having grown its capital base from N5 billion when it started operations last year to about N10 billion. The capital increase will enable the bank to apply for N…
Jaiz Bank Plc has joined other commercial banks in processing of foreign exchange transactions. This allows the bank to process forex transactions for eligible bureau de change (BDC) operators at the Central Bank of Nigeria (CBN). The bank will reporte…
<p>The Islamic Development Bank (IsDB) is to provide $104m (£67.3m) in loans to African governments to fund an expansion of Millennium Villages, the controversial project led by Jeffrey Sachs, director of Columbia University's Earth Institute. About $40m of the money will go towards a flagship sustainable villages programme (SVP) in Chad, Mozambique, and Sudan. In addition, $29m will support the extension of existing Millennium Village projects (MVPs) in Mali, Senegal and Uganda, while $35m will be used for a drylands initiative in Djibouti, Somalia and Uganda. Governments will team up with the IsDB, the Earth Institute, and its partner, Millennium Promise, to carry out the projects. The Millennium Village project covers more than 500,000 people in 14 areas of 10 countries in different environments across Africa. Each site was considered a "hunger hot-spot" at the time the project began in 2006. The concept works on the principle of interventions across several key areas – health, education, enterprise and agriculture – over a 10-year period.</p>
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<p><a href="http://www.theguardian.com/global-development/2013/aug/13/millennium-villages-project-islamic-development-bank" title="http://www.theguardian.com/global-development/2013/aug/13/millennium-villages-project-islamic-development-bank">http://www.theguardian.com/global-development/2013/aug/13/millennium-vil…</a></p>
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<p>Abu Dhabi Islamic Bank plans to branch out in North Africa as the UAE-based lender seeks to reach a larger population. The bank applied for licenses in Algeria and Libya and is considering new operations in Tunisia and Morocco. Chief executive Tirad Mahmoud said the bank is seeking to expand in nations with a critical mass in terms of population and economic activity. Abu Dhabi Islamic Bank has also moved into countries including Saudi Arabia, Egypt and Sudan, Mahmoud said. The bank wants to be better placed to serve companies, such as Dubai-based mall operator Majid al-Futtaim, which operate across the Middle East and North Africa. Banks that comply with Islam’s ban on interest have become increasing popular after the revolts implemented Islamists into power in some North African countries.</p>
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<p><a href="http://english.alarabiya.net/en/business/banking-and-finance/2013/08/12/Abu-Dhabi-Islamic-Bank-plans-North-Africa-expansion.html" title="http://english.alarabiya.net/en/business/banking-and-finance/2013/08/12/Abu-Dhabi-Islamic-Bank-plans-North-Africa-expansion.html">http://english.alarabiya.net/en/business/banking-and-finance/2013/08/12/…</a></p>
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<p>Dr. Mohammed Namadi Sambo, Vice President of the Federal Republic of Nigeria has received Dr. Ahmed Mohamed Ali, President of the IDB Group in Makkah Guest Palace. The discussion covered arrangements made for the implementation of number of projects approved by the Bank for Nigeria and the on-going efforts that aim at establishing a representation office in Nigeria. Discussion also touched on issues related to the IDB’s role in supporting the Transformation Agenda Progamme in Nigeria. The Programme pursues growth in a number of sectors that include projects such as electricity transmission lines, regional and national road network, partnership between private and public sector in energy and supporting exports. The IDB President has offered to organize an investment conference in Nigeria early in 2014 similar to a conference organized by the IDB last year in Abuja. The Vice president of Nigeria welcomed this initiative.</p>
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<p><a href="http://abc.az/eng/news/main/75355.html" title="http://abc.az/eng/news/main/75355.html">http://abc.az/eng/news/main/75355.html</a></p>
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