Published on 22 Jun, 2017

  Atlas Mara Ltd, the African investment vehicle of former Barclays boss Bob Diamond, said on Wednesday that it plans to raise $200 million to increase its stake in Union Bank of Nigeria and to scale up other businesses. Atlas Mara said it was buying a 13.4 percent stake in the Union Bank of Nigeria […]

Published on 22 Jun, 2017

  One of South Africa’s largest financial groups weighed in to the row over central bank independence on Wednesday, saying proposals to change how it is run were a “very serious risk” to the country. Barclays Africa joined a growing list of groups and high-profile individuals attacking calls by Public Protector Busi Mkhwebane to change […]

Published on 19 Jun, 2017

  A $7 million shipment of phosphate bound for New Zealand will remain held at a South African port due to a bitter dispute over who has rights to the resource, a South African court has ruled. The NM Cherry Blossom, carrying 50,000 tonnes of phosphate, was stopped at Port Elizabeth early last month amid […]

Published on 15 Jun, 2017

  The President of the African Development Bank Group (AfDB), Akinwumi Adesina, was honored with the 2017 Gene White Lifetime Achievement Award by the Global Child Nutrition Foundation (GCNF) in Washington D.C., on Tuesday, 13 June 2017. The award is in recognition of Adesina’s lifelong work towards advancing agricultural development which has contributed significantly to food security, […]

Published on 1 Jun, 2017

  The African Development Bank (AfDB) and key agencies in Japan are working towards stronger cooperation in support of Africa’s development. The Annual Meetings of the African Development Bank (AfDB) in the city of Ahmedabad, India, provided an important forum for the AfDB to partner with the Japan Bank for International Cooperation (JBIC), the Japan […]

Published on 1 Jun, 2017

  President Uhuru Kenyatta is on Tuesday expected to flag off a cargo train from Mombasa port which will pull 50 wagons laden with containers bound for the Embakasi Inland Container Depot in Nairobi. Kenya Railways managing director Atanas Maina said the launch will be a trial run with the actual service expected to start […]

Published on 1 Jun, 2017

  Dwindling of importation of cargoes into the country would impact negatively on the federal government’s revenue generation at the seaports due to the government policy on importation, high exchange rate and poor port access roads. LEADERSHIP findings revealed that activities at the seaports are at the lowest ebb as cargo throughputs have fallen below […]

Published on 25 May, 2017

  In 2016, Africa as a whole maintained its position as the world’s second-fastest growing economies behind South Asia, according to data released during the Financial Presentation at the African Development Bank Group’s Annual Meetings, which entered its third day on Wednesday in Ahmedabad, India. The report analyzed the continent’s economic outlook, Bank operations, financial profile and capital […]

Published on 24 May, 2017

  India is the perfect place for the African Development Bank to focus on the transformative power of agriculture, Bank President Akinwumi Adesina has told the African, Indian and international press. “India is an inspiration to Africa, in that its Green Revolution took just three years. That was in large measure due to the power […]

Published on 24 May, 2017

  The African Development Bank Group and the International Finance Corporation signed a memorandum of understanding on Tuesday, May 22, 2017 in Ahmedabad, India, aimed at promoting investments that benefit women in Africa. Over the past decade, the number of women entrepreneurs in Africa has grown steadily. Whether in steel manufacturing companies in South Africa, […]